Spanish
Of the RD$81 billion approved in June by the Monetary Board to promote favorable monetary conditions and contribute to the dynamism of economic activity, they have fallen short of their objective at the end of October.
Of those RD$81 billion, as of the end of October, RD$73 billion had been disbursed. Up to that month when the accumulated economic growth of the year was only 2.0%, and that specific month of 0.2%.
The Central Bank attributes the low growth in October to the "adverse" impact of the Melissa storm on productive and commercial operations.
These resources released by the Central Bank should have been granted at an interest rate no higher than 9% per annum and terms of up to two years, for economic sectors with a wide impact on productive activity, such as construction, commerce, manufacturing, export, agriculture, as well as for micro, small and medium-sized enterprises (MSMEs).
However, the construction sector, one of the most dynamic, had negative growth in the first half of the year, registering a growth of -3.3%.
In addition to those resources, there is the fiscal effort of the Government through the Ministry of Finance, which, through the reformulated budget, increased spending, especially capital expenditure, also in an effort to boost the economy.
The reformulated budget made a net increase in spending of RD$69,740.2 million (4.7% more than initially approved), with a 20% expansion in capital expenditure, equivalent to RD$35,548.25 million.
Even with these monetary and fiscal measures, the economic authorities expect 2025 to close¿ the present year with growth around 2.0 - 2.5%.
