Spanish
Santo Domingo.- The Chamber of Deputies approved this Wednesday, in two consecutive readings, a bill that authorizes the Executive Branch to issue and place public debt securities for a maximum amount of RD$401,767,814,730, or its equivalent in foreign currency.
The initiative, submitted by President Luis Abinader, establishes that the issuance will be carried out through the Ministry of Finance and Economy, taking into account the favorable conditions of the financial market. The proposal was known and voted on just 18 hours after being sent from the Executive Branch, on Tuesday night at 9:00.
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Without the support of the opposition lawmakers present at the session, the deputies of the Modern Revolutionary Party (PRM) and their allies approved the project after forming a special commission that had a maximum period of two hours to analyze the piece, despite its complexity and high financial impact. The project authorizes the placement of the debt to be carried out both in international markets and in the local capital market, in Dominican pesos or in the currency that is most convenient, and a part or all of the approved amount may be issued. Furthermore, the initiative empowers the Executive Branch, during the year 2026, to carry out debt management and administration operations for up to 10% of the balance of the debt of the Non-Financial Public Sector. These operations seek to reduce the amount or service of the debt, improve the maturity profile, and decrease exchange rate risk, through exchanges or repurchases of existing liabilities. Likewise, the possibility of making the necessary budgetary modifications in accordance with the 2026 Budget Law is contemplated.
