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Danilo Medina criticizes current government's high costs
๐Ÿ‡ฉ๐Ÿ‡ด Dominican Republic /Economy & Trade

Danilo Medina criticizes current government's high costs

From Diario Libre · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Former Dominican President Danilo Medina criticized the current government's high costs and inefficient state services.
  • Medina argued that the current administration neglected necessary investments in the electric sector, leading to its crisis.
  • He also highlighted the significant burden of public debt interest payments and rising public spending on pensions and salaries.

Former Dominican President Danilo Medina has sharply criticized the current government, labeling its administration as excessively costly for the nation. Speaking at a large provincial assembly in Duvergรฉ, Independencia, Medina asserted that state functions are being parceled out while essential services remain unresolved.

the current governmental administration turns out to be costly for the country.

โ€” Danilo MedinaFormer President of the Dominican Republic and president of the Dominican Liberation Party (PLD), Danilo Medina, speaking about the current government's expenses.

Medina, who also chairs the Dominican Liberation Party (PLD), pointed to the electricity sector's crisis as a result of inefficiency and neglect. He claimed that the current authorities failed to make required investments during their initial term. Medina stated that his administration had kept electricity subsidies below $500 million and ensured sufficient generation capacity to prevent service interruptions. He accused the current government of discontinuing these projects to focus on investigating past administrations.

the crisis in the electrical sector responds to inefficiency and abandonment, arguing that the current authorities omitted the required investments during their first period of management.

โ€” Danilo MedinaMedina's claims regarding the electricity sector's issues.

The PLD leader also decried the impact of public debt, noting that interest payments alone amount to 362 billion pesos, costing citizens one billion pesos daily. He reported accumulated losses in the electricity sector reaching 105 billion pesos, alongside a significant increase in current spending. Public payroll rose from 304 billion to 377 billion pesos, and pension budgets jumped from 34 billion to nearly 60 billion pesos.

the interests of the public debt are situated at 362 billion pesos, which represents a daily disbursement of one billion pesos for the citizenry.

โ€” Danilo MedinaMedina's statement on the impact of public debt.

Furthermore, Medina criticized recent fiscal measures affecting fuel prices, which he said are increasing weekly. He argued that the combined pressure of taxation and rising operational costs disproportionately affects the middle class, which he claimed formed the majority during his tenure. Medina warned that the continuous creation of new taxes harms commercial activity and leads to the bankruptcy of small and medium-sized businesses nationwide.

the accumulated losses in the electrical sector amounted to 105 billion pesos, while current spending reflected an increase as the public payroll went from 304 billion to 377 billion pesos and the budget allocated to pensions from 34 billion to about 60 billion pesos.

โ€” Danilo MedinaMedina's figures on financial losses and increased spending.
DistantNews Editorial

Originally published by Diario Libre in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.