The Minister of Finance and Economy, Magin Diazassured yesterday that more than 90% of what is estimated to be collected with the Bill on Measures for Economic Growth, Tax Simplification and Mitigation of the International Crisis It will come from the richest 1% of the population.
Díaz maintained that the proposal sent by the Executive Branch to the National Congress It was designed with criteria of equity, fiscal responsibility and social protection, with the objective of preserving the economic stability of the country without burdening the middle class sectors, micro, small and medium-sized businesses or the vulnerable population.
“90% of the estimated collection, which is between RD$40,000 million and RD$50,000 millionwill come from the richest 1% of the population,” the official explained, pointing out that this composition shows that the project does not transfer the fiscal burden to the middle or vulnerable sectors.
During a meeting with the legislators who make up the bicameral commission studying the initiative, Díaz explained in detail the scope of the proposed measures and praised the technical work carried out to formulate a proposal “reasonable and equitable”.
“We come to Congress with a serious, well-thought-out and feasible proposal in the current context. The important thing is to preserve three principles: economic stability, tax equity and responsibility in the use of the public resources. That is our commitment and we ask society to be part of it, because economic stability benefits us all,” he expressed to the congressmen.
The minister emphasized that the project does not contemplate touching the ITBIS nor affect MSMEs. He indicated that the measures seek to strengthen the State’s capacity to contain the fiscal deficitsustain subsidies and protect the population from the impact of the global crisisl. Another axis of his intervention was transparency in the use of resources. Díaz announced that the Executive power The proposal will be accompanied by an accountability mechanism that allows citizens to know the performance of the measures, their fiscal impact and the destination of the funds raised.
“He Executive power will accompany the proposal with a diagram of accountability so that citizens can know the performance of the measures, their tax impact and the destination of the resources collected,” he pointed out.
The meeting took place at the headquarters of the Senate of the Republic and had the participation of senators and deputies members of the bicameral commission, headed by senator Pedro Catrain.
Opening
During the session, the minister responded to concerns from legislators from opposition parties and the ruling party.
At the meeting, the proposals of executives from the Association of Industry Industries were also heard. Dominican Republicwho presented their vision on the legislative initiative. Magín He reiterated the willingness to dialogue that, according to him, has accompanied the entire process of drafting the project and that will continue during the legislative discussion stage.
