Dominican Republic
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1993 , pp 443-463
- Publication Date: December 1994
- DOI: https://doi.org/10.18356/55956395-en
- Language: English
In 1993 the Dominican Republic made solid progress with price stabilization, but the pace of economic growth declined to 2% from the previous year’s figure of 7%. Slower growth in private expenditure resulted in a reduction in purchases from abroad, while exports continued their rapid ascent; this combination helped to narrow the gap on the balance-of-payments current account. Since the flow of external capital remained strong, international reserves continued to accumulate. The thrust of fiscal policy was to offset the slowing of private demand by increasing fiscal expenditure, while taking care not to upset the overall balance of public sector accounts.
© United Nations
ISBN (PDF):
9789210601207
Book DOI:
https://doi.org/10.18356/a858e3b6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Dominica
;
Dominican Republic
-
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