The Minister of Finance, José Manuel Vicente, announced that the Fiscal Modernization project aims to improve the quality of life for Dominicans through increased tax revenue. He emphasized that if tax revenues are not raised, the government will be unable to fund essential investments needed to meet the growing demands of the population.
As part of this reform, the government plans to strengthen social assistance and significantly increase minimum wages in both the public and private sectors. These measures are intended to boost the economy and enhance citizens’ living standards. Additionally, a sustainable mobility plan will be implemented to reduce travel times in Santo Domingo by 70%.
Key infrastructure projects include the metropolitan train linking the capital to Las Américas International Airport, the Santo Domingo Oeste cable car, the San Cristóbal train, and the Santiago monorail. These initiatives are expected to reduce traffic congestion, taking 1.4 million vehicles off the main roads, thus improving mobility, reducing pollution, and enhancing overall quality of life.