The American Chamber monitors RD budget approval

The president of the American Chamber of Commerce of the Dominican Republic, Julio Brache, stated that this sector is following up very closely to the process of adoption of the Draft State Budget for the law is enforced, while the Standing Committee on Budget of the Chamber of Deputies is the process of preparing a report recommending approval without changes."The business community is closely following the process and a concern we have is precisely what the president said the National Council of Private Enterprise (Conep), Manuel Diez, with respect to the Lower House Budget must be approved by two-thirds of the membership because there are changes in the laws that make it up. So far we are giving up the topic to be enforced with respect for law and institutions, "he said.

The Standing Committee is preparing the budget report to be presented to the plenary of the Chamber of Deputies and recommending that the initiative is enacted, as referred the Senate last week, without any modifications.DL learned that next week the General State Budget for 2012 be on the agenda of the Chamber of Deputies approved the first reading and then give the second to make law and submit to the Executive Power for promulgation.The Budget Committee heard last Thursday claims resources Dignified Education Coalition, the Universidad Autonoma de Santo Domingo (UASD) and the Dominican Federation of Municipalities (FEDOMU).However, it is possible that the body can make changes to the project, the budget director, Luis Hernandez, reminded the deputies that economic planning in 2012, the Government's need to fulfill commitments to the International Monetary Fund (IMF.In this case, members of the PLD alone would have to approve the initiative had the 99 votes they have and their allies, but like last year are expected dissenting votes.PRD spokesman, Rudy Gonzalez, said that vote against the Budget and Ramon Rogelio Genao said PRSC not support the project.

EMPLOYERS MUST BE PRUDENT

Brache Whereas the employer should be cautious in investment despite being the country as in the rest of Latin America there was a wise economic growth of 4%. "We must act with great prudence in investments, continue to generate employment but looking very well what is happening around the world." He said he was hopeful that with the entry of the operations of Barrick Gold trade balance improvement experience and keep coming remittances and investments.