Reduced mining output harms tax revenue and the growth of the sector.
World1 source1 country🔦 Under-reported23m ago
Mining activity in the Dominican Republic experienced a 15.9% year-on-year decline in July. The downturn was primarily driven by a reduction in both the extraction and exportation of gold.
The contraction in the mining sector had a direct negative impact on the state's fiscal health, resulting in reduced revenues for the country's General Directorate of Internal Taxes (DGII) and hindering overall growth within the sector.