HomeWorld

Reduced mining output harms tax revenue and the growth of the sector.

World 1 source 1 country 🔦 Under-reported 35m ago

In the Dominican Republic, economic data indicates that mining activity experienced a year-on-year contraction of 15.9 percent in July. This downturn was primarily driven by a significant reduction in the extraction and export of gold.

The decline in mining operations has had direct economic consequences for the state. According to available reports, the drop in sectoral output negatively impacted national tax revenues collected by the Dirección General de Impuestos Internos, while also hindering overall growth within the mining sector.

In-depth summary · AI, neutral
Read the full story at the source Diario Libre (Santo Domingo, Dominican Republic) · DO
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →