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Dominican Republic's Abinader eyes tax reform in new administration

Published 05/20/2024, 05:56 PM
Updated 05/20/2024, 06:00 PM
© Reuters. President of the Dominican Republic and presidential candidate of the Modern Revolutionary Party Luis Abinader speaks during a press conference, after winning a majority in Sunday's vote, in the National Palace in Santo Domingo, Dominican Republic, May 20

(Reuters) - Dominican President Luis Abinader, a day after being re-elected for a second term , said on Monday that he will sit down with opposition leaders to discuss a potential fiscal reform.

Abinader said the reform would include tweaks to taxation as well as public spending.

The overhaul would include "significantly improving our educational system, healthcare, (and) a police reform," Abinader said at a press conference.

The president said that tax reform would not put the Dominican Republic's economic growth at risk while looking to protect the nation's most vulnerable.

© Reuters. President of the Dominican Republic and presidential candidate of the Modern Revolutionary Party Luis Abinader speaks during a press conference, after winning a majority in Sunday's vote, in the National Palace in Santo Domingo, Dominican Republic, May 20, 2024. REUTERS/Henry Romero

Abinader cautioned that his proposal would likely go into effect with some changes.

He also spoke of plans to present an electoral reform, though he gave little detail.

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