Senate welcomes national development strategy

The Senate approved changes yesterday at second reading the draft national strategy of development 2010-2030, which establishes the conclusion of three pacts for the sectors education, energy and a comprehensive fiscal reform so it will go down in the Chamber of Deputies for study and weighting.

The piece was welcomed unanimously by Senators, with the favourable report submitted by the Commission chaired by Felix Bautista, and establishes the obligation to allocate 4% of GDP to education from 2013.

Also provides that the electricity sector promotes the recovery of collection and the establishment of a goal has 75% by 2015, 83% by 2020, 85 per cent by 2025 and 87% for 2030, and tax reform, provides objective the reduction of evasion Prosecutor on education, established to be affixed, a transitional paragraph to article 24 of the END, who has the obligation of that State in u000athe General State budget for 2013, 4% of the gross domestic product (GDP) to strengthen this sector.

Also introduced modifications to the five-year rates for spending on education, which sets by the year 2015 5% of GDP; in 2020 by 6%; in 2025 an 6.55, and by 2030 7% of GDP.

Tax evasion also is intended to reduce tax evasion; raise the quality, efficiency and transparency in public spending, the fairness of the tax structure, and consolidation in the tax code of the regimes in incentives.

Also provides the rationalization of schemas tariff in the provision of public services, comply with the commitments made in the trade agreements that have fiscal implications and sustainability in the long term.

Bautista pointed out in his report for 2010 as a basis for measuring laying 13%; 2015 a u000aincrease to 16 per cent; by 2020 19%; in 2025 a 21.5% for 2030 by 24%. The Bicameral Commission held public hearings in which he heard views of different sectors, received 79 proposals, which were most welcome.

Modifies budget
the Senate also hosted at second reading the draft amends the Act of the State budget for 2011, has been executed with a funding from RD$ 6,810,710,745, with the Bank's reserves, and the $2,603, 167,268, are an internal transfer to destine it to public health.

Dionis Sánchez, Chairman of the Committee on budget, clarified that the RD$ 6,810,710,745, which caused the postponement of the piece the last Tuesday, was a mistake committed in Secretary of the Senate when he transcribed, did it see as a financing of RD$ 6,810,710,745 with the Banco de Reservas.

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