Major shortfall in tax revenue
Although tax collections, taking into consideration tax receipts and other income sources, have been adequately fulfilled, but not including donations, during the first half of the year, there was a slight decrease of some RD$1.2 billion between what was collected and what was projected. Therefore, in the first half of the year, income reached RD$125.82 billion, against an IMF estimate for RD$127.09 billion.
Tax collections totaled RD$120.08 billion, against RD$122.68 that was estimated by the Ministry of the Hacienda, a difference of RD$1.6 billion. Nevertheless, if this is compared with the document annexed to the agreement with the International Monetary Fund (IMF), the tax income projection for the first half is not RD$121.68 billion, but rather RD$126.7 billion, a RD$5 billion difference.
If there is a comparison between what was collected in the first half of the year, which was RD$120.09 billion, with what was contemplated in the [...]
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