Ministry of Economy (Dominican Republic)
Encyclopedia
The Ministry of Economy, Planning and Development of the Dominican Republic
is a ministry created in 2006 through Law No. 496-06 of that year, which exerts ongoing coordination of the Economic Team and the Cabinet Economic Sector of the Dominican Government
. It's considered one of the strategic ministries and his minister, a high executive government.
and is the result of a profound transformation of public administration
legal Dominican.
This transformation of the needs identified in the process of modernization
of the Dominican State, to coordinate the conduct of the planning system with other systems cross the Dominican State such as budgeting systems, government accounting, treasury, public credit human resource management
, internal control
, national property management
, procurement
and contracting. This aims to ensure a joint economic unit development, social, territorial and administrative.
Along with the legal establishment of the Ministry of Economy, Planning and Development was established, also by law, the National Planning and Public Investment. The Ministry of Economy, Planning and Development is the lead institution, therefore, is responsible for planning a harmonious growth of the country. The National Planning and Public Investment must answer these questions about the balanced development of the Dominican nation in its economic, social, territorial and institutional.
In his formulation, the National Planning and Public Investment, emphasizes that the Dominican Republic must face a profound process of economic and social development that is fair and equitable.
Its mission is to lead and coordinate the formulation, management, monitoring and evaluation of macroeconomic policies and sustainable development
to obtain economic, social, territorial and institutional development of the Dominican nation.
The Ministry of Economy, Planning and Development is the Governing Body of the organization, management, and public policy for sustainable development in the territory, and spatial expression of economic, social, environmental and cultural society.
Lead and coordinate the formulation, management, monitoring and evaluation of macroeconomic policies and sustainable development.
Formulate the Development Strategy and Development-Year National Public Sector Plan, including the necessary coordination at the municipal, provincial, regional, national and sectoral levels, to ensure adequate global coherence
between policies, plans, programs and actions.
The Minister of Economy, Planning and Development proposed the total level of current expenditure and capital, and the functional distribution of it to be included in the annual budgetary policy
in accordance with the provisions of the Organic Budget Law for the Public Sector.
Member of the Board of the Public Debt of the country.
Formulate and propose to the Government a policy of economic, social, territorial and sustainable management taking into account the rational and efficient use of productive resources and institutional.
Develop and maintain the national statistical system and economic indicator
s complementary to it.
Maintain current and prospective diagnosis of the evolution of national development to allow timely decisions and assess the impact of public policies
and factors unrelated to public action on national development.
Assess the impact achieved in implementing economic development policies, social, territorial, administrative and human resources through the implementation of programs and projects by public sector
agencies.
Define and propose a regionalization of the national territory as a basis for the formulation and development of policies in all areas of the public sector.
Establish policies on non-reimbursable international cooperation
, in coordination with the Secretary of State for Foreign Affairs.
Negotiate and agree with multilateral and bilateral financing the definition of the strategy for the country as regards the identification of the areas, programs and priority projects to be included in the programming of such bodies.
Define, in consultation with the agencies involved, the financial commitments to be agreed with the multilateral and bilateral agencies, to monitor compliance
with them.
Grant no objection to public investment projects, regardless of their source of funding that will be included in the National Plan and Budget MAP MAP Public Sector.
Participate in the development of foreign trade policy
of the Dominican Republic and in the relevant negotiations.
Dominican Republic
The Dominican Republic is a nation on the island of La Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are shared by two countries...
is a ministry created in 2006 through Law No. 496-06 of that year, which exerts ongoing coordination of the Economic Team and the Cabinet Economic Sector of the Dominican Government
Constitution of the Dominican Republic
The Dominican Republic has gone through 38 constitutions, more than any other country, since its independence in 1844. This statistic is a somewhat deceiving indicator of political stability, however, because of the Dominican practice of promulgating a new constitution whenever an amendment was...
. It's considered one of the strategic ministries and his minister, a high executive government.
Background
The Ministry of Economy, Planning and Development replaced the previous Technical Secretariat of the Presidency of the Dominican RepublicDominican Republic
The Dominican Republic is a nation on the island of La Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are shared by two countries...
and is the result of a profound transformation of public administration
Public administration
Public Administration houses the implementation of government policy and an academic discipline that studies this implementation and that prepares civil servants for this work. As a "field of inquiry with a diverse scope" its "fundamental goal.....
legal Dominican.
This transformation of the needs identified in the process of modernization
Modernization
In the social sciences, modernization or modernisation refers to a model of an evolutionary transition from a 'pre-modern' or 'traditional' to a 'modern' society. The teleology of modernization is described in social evolutionism theories, existing as a template that has been generally followed by...
of the Dominican State, to coordinate the conduct of the planning system with other systems cross the Dominican State such as budgeting systems, government accounting, treasury, public credit human resource management
Human resource management
Human Resource Management is the management of an organization's employees. While human resource management is sometimes referred to as a "soft" management skill, effective practice within an organization requires a strategic focus to ensure that people resources can facilitate the achievement of...
, internal control
Internal control
In accounting and auditing, internal control is defined as a process effected by an organization's structure, work and authority flows, people and management information systems, designed to help the organization accomplish specific goals or objectives. It is a means by which an organization's...
, national property management
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
, procurement
Procurement
Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...
and contracting. This aims to ensure a joint economic unit development, social, territorial and administrative.
Along with the legal establishment of the Ministry of Economy, Planning and Development was established, also by law, the National Planning and Public Investment. The Ministry of Economy, Planning and Development is the lead institution, therefore, is responsible for planning a harmonious growth of the country. The National Planning and Public Investment must answer these questions about the balanced development of the Dominican nation in its economic, social, territorial and institutional.
In his formulation, the National Planning and Public Investment, emphasizes that the Dominican Republic must face a profound process of economic and social development that is fair and equitable.
Principal Functions
The Ministry of Economy, Planning and Development is the National Governing Body of the Planning and Public Investment.Its mission is to lead and coordinate the formulation, management, monitoring and evaluation of macroeconomic policies and sustainable development
Sustainable development
Sustainable development is a pattern of resource use, that aims to meet human needs while preserving the environment so that these needs can be met not only in the present, but also for generations to come...
to obtain economic, social, territorial and institutional development of the Dominican nation.
The Ministry of Economy, Planning and Development is the Governing Body of the organization, management, and public policy for sustainable development in the territory, and spatial expression of economic, social, environmental and cultural society.
Lead and coordinate the formulation, management, monitoring and evaluation of macroeconomic policies and sustainable development.
Formulate the Development Strategy and Development-Year National Public Sector Plan, including the necessary coordination at the municipal, provincial, regional, national and sectoral levels, to ensure adequate global coherence
Coherence
Coherence, coherency, or coherent can refer to:- In physics :* Coherence ** Polarization** Quantum** Spatial** Spectral** Temporal* Coherence time- In mathematics :...
between policies, plans, programs and actions.
The Minister of Economy, Planning and Development proposed the total level of current expenditure and capital, and the functional distribution of it to be included in the annual budgetary policy
Budgetary policy
Budgetary policy refers to government attempts to run a budget in equilibrium or in surplus. The aim is to reduce the public debt.It is not the same as a fiscal policy, which deals with the fiscal stimulus to the economy, the repartition of taxes and the generosity of allowances....
in accordance with the provisions of the Organic Budget Law for the Public Sector.
Member of the Board of the Public Debt of the country.
Formulate and propose to the Government a policy of economic, social, territorial and sustainable management taking into account the rational and efficient use of productive resources and institutional.
Develop and maintain the national statistical system and economic indicator
Economic indicator
An economic indicator is a statistic about the economy. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles....
s complementary to it.
Maintain current and prospective diagnosis of the evolution of national development to allow timely decisions and assess the impact of public policies
Public policy
Public policy as government action is generally the principled guide to action taken by the administrative or executive branches of the state with regard to a class of issues in a manner consistent with law and institutional customs. In general, the foundation is the pertinent national and...
and factors unrelated to public action on national development.
Assess the impact achieved in implementing economic development policies, social, territorial, administrative and human resources through the implementation of programs and projects by public sector
Public sector
The public sector, sometimes referred to as the state sector, is a part of the state that deals with either the production, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal.Examples of public sector activity range...
agencies.
Define and propose a regionalization of the national territory as a basis for the formulation and development of policies in all areas of the public sector.
Establish policies on non-reimbursable international cooperation
Internationalism (politics)
Internationalism is a political movement which advocates a greater economic and political cooperation among nations for the theoretical benefit of all...
, in coordination with the Secretary of State for Foreign Affairs.
Negotiate and agree with multilateral and bilateral financing the definition of the strategy for the country as regards the identification of the areas, programs and priority projects to be included in the programming of such bodies.
Define, in consultation with the agencies involved, the financial commitments to be agreed with the multilateral and bilateral agencies, to monitor compliance
Compliance
Compliance can mean:*In mechanical science, the inverse of stiffness*Compliance , a patient's adherence to a recommended course of treatment...
with them.
Grant no objection to public investment projects, regardless of their source of funding that will be included in the National Plan and Budget MAP MAP Public Sector.
Participate in the development of foreign trade policy
International trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product...
of the Dominican Republic and in the relevant negotiations.
External links
- http://www.economia.gov.do official website
- http://www.presidencia.gov.do Presidency of the Dominican Republic