by Balbuena Medina
SANTO DOMINGO, Industrialists Association and the Province of Santo Domingo Herrera (AEIH) and the Federation Industry Associations (FAI) deplored the recurring campaigns against industrial development incentives to justify the failure of government to social investment, especially in education.
business organizations, headed by Wadi Acra and Ignacio Cano Méndez, respectively, said that this is an action that seeks to divert public attention from the failure of the Education Act. "It's good to know that the local manufacturing sector accounts for only 0. 08% of GDP in what they call the spending, "the business leaders.
In a joint statement stated that "if the minimum percentage is analyzed objectively, we realize that we are dealing with a fallacy, because in the case of incentives for Pro-Industry, Fiscal no sacrifice in real terms."
In this context, explained that the absence certain incentives, major investments that provide significant resources to the Treasury and contribute to employment generation, not exist. "The main partner is the local manufacturing sector is the treasury, because it contributes to 37% of the country's fiscal revenue," they warned.
That the problem is not the laws but the waste of tax incentives, low quality of public spending, lack of priority in public investment, management of national budget with patronage and rent-seeking insight with high levels of corruption.
"call to stop the manipulations of incentive laws as a rough way to try to justify the lack of vision of those who are responsible for managing fiscal policy. We should not eliminate productive employment in the private sector to create jobs and parasites in the state, "they said. # #
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