Members approve loan by one billion pesos for royalty of municipalities

The Chamber of Deputies approved the loan each year giving through the Banco de Reservas, for the payment of the royalty Christmas employees councils, as well as other autonomous and decentralized. This time the loan is billion-pesos.

Initiative was declared emergency and approved in two consecutive reading after the President of the Chamber, Abel Martinez, submit the motion, which was host to unanimity, after being backed by the blocks of the Dominican Revolutionary Party (PRD) and the reformist Social Christian (PRSC).

After being welcomed in first and second reading with a vote of 107 votes in favour and against 23, the President of the Chamber, the piece became urgent in two readings consecutive.

Marino Collante, Chairman of the Finance Commission of the Chamber of Deputies, gave a favourable report from the finance and found it to be viable, and explained that the money to u000abe financed to the cabildos are deducted directly to the councils by the Ministry of finance.

As for the credit line by 210 million dollars in the Bank's reserves, exhibited Pierce from one year to five, and requested that the law was adopted emergency, and amortised with interests and capital saldará in the next five years.

While Ruddy Gonzalez, spokesman for the members of the PRD, said that they voted this time, but called the decentralized and autonomous organizations to discipline was, and asked the Trustees to save.

The President of the Chamber of Deputies, Abel Martinez, petitioned the House initiative be declared urgent to make viable municipalities to pay the Paschal royalty to their servers, and urged mayors which are saving every month so that to end year granted without borrow the thirteenth salary.

Other u000aloans
in relation to the loans of $ 200 million with the Inter-American Bank of development (IDB), Collante said that it will be earmarked to support the programme of political reforms for sustainability and efficiency of the electricity sector. He explained that if the resolution was not adopted before the end of the year, fall contract.

Members also met the project which authorizes the Treasury placed through values of debt securities domestic, 18 billion 363 million 385 thousand 917 pesos, which is covered in the budget

Another approved piece was the resolution of the loan contract, to complete the highway of Coral, for US$ 70 million with the Central American Bank for economic integration. In addition was welcomed the contract loan for US$ 30 million with the IDB to finance the programme of promotion of tourism of the Colonial City.

Also the loan was approved by 78 million u000a500 thousand euros signed between the Dominican Government with the Natixis or direction of institutional activities of France, to be used in the sanitation of the provinces of Montecristi, Azua, San Cristóbal, San José de Ocoa and Neyba, where sewerage systems for wastewater systems will be built, and the benefits will be that in five years the loan will not pay interests.

Share this article

Digg it!

del.icio.us

MySpace

Facebook

Fark

Reddit

Newsvine