Revenue, policy gains made in less-than-ideal conditions, but challenges remain

IN spite of a budget impasse which virtually halted progress toward the government’s objectives for the first six months of the year, the Department of Finance (DoF) was able to record some notable achievements, summary data released to the media last week revealed. But although public spending is now “firing on all cylinders,” as Finance Secretary Carlos Dominguez 3rd said, significant obstacles remain, and may dampen efforts to catch up to expectations for 2019 through the rest of the year.

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