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

World 1 source 1 country 🔦 Under-reported 25m 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 reduction in the extraction and export of gold.

The decline in mining operations has had a direct negative impact on the country's economic growth within the sector. Additionally, the drop in production has adversely affected state finances, leading to a decrease in tax revenues collected by the Dirección General de Impuestos Internos.

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Read the full story at the source Diario Libre (Santo Domingo, Dominican Republic) · DO
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