The Dominican Republic is charting a new financial course with its unveiled budget for 2025. Finance Minister Jochi Vicente presented a plan totaling 1.484 trillion pesos ($24.7 billion) aimed at managing the nation’s economy.
The budget includes a 3.1% deficit of the Gross Domestic Product (GDP) to balance growth and financial stability, aligning with the recently approved Fiscal Responsibility Law. This law, introduced by President Abinader’s administration, aims to reduce the national debt to 40% of GDP by 2035.
Significant funding of 54 billion pesos ($901 million) is allocated for social programs, with additional funds set aside for electricity and fuel subsidies to support essential services. Key infrastructure projects, such as the Santiago Monorail and Santo Domingo Metro’s Line 2C, are also highlighted in the budget for urban transportation improvement.
President Luis Abinader and Vice President Raquel Peña’s active involvement underscores the importance of this financial plan, which reflects a cautious approach to national finances to support development and ensure long-term economic health.
As the Dominican Republic aims for economic growth, this budget will shape its future trajectory.