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

World 1 source 1 country 🔦 Under-reported 58m ago

Mining activity in the Dominican Republic experienced a year-on-year contraction of 15.9 percent last July. This decline was driven primarily by a reduction in both the extraction and exportation of gold.

The downturn in the mining sector had a direct negative impact on the national economy and public finances. Specifically, the reduced output and export volumes were reflected in lower revenues for the General Directorate of Internal Taxes (DGII), affecting overall fiscal income and sector growth.

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