elnuevodia/editorial-unadeficienciaonerosaalpais-1723228.html === GOOGLE TRANSLATE === March 3, 2014 DEFICIENCY COSTLY TO THE COUNTRY The main instruments of the Planning Board to take the pulse of the local economy are inaccurate in some cases , generating data that are far from the reality of the national pocket, is inexcusable. But more embarrassing is that , as a country, we should bring almost a quarter century discussing the need to improve the statistics, without solving this dilemma. Again come to light serious and prolonged gaps in statistical information produced planning to measure the economic performance of the country , a situation that exposes the business sector and the government itself , to make decisions based on incorrect information with serious consequences , especially when the island is immersed in an economic downturn. The latest episode in the history of incompetence focuses on preparing deflators indexes, tools that economists use to discount the change in the price of goods or services to know how much you have grown or shrunk the economy, although in the past they have also come to light other problems with wrong figures on Gross Domestic Product ( GDP). In 1996, for example, had to rectify Planning official data of Gross National Product (GNP ) after a review found that it grew by 2.8 % and is not reduced to 1% as originally projected. Three years before, there were problems with the evaluation and analysis of the budget because the Board could not require different scenarios facing the threat hanging over the country for the repeal of Section 936 of the Internal Revenue Code . Even the progress made in streamlining planning and mechanization of processing statistics have prevented errors. Today, as quoted by The New Day deficiencies are so serious that they may have underestimated how much planning has grown or how much GDP has contracted a crucial information to all projections of government, business and, above all , is a variable of great weight in the methods used to determine the accrediting houses the credit profile of any debt issuer. Also, the president of the Planning Board , Luis García Pelatti , admitted that the situation has caused the delay of multiple indicators and has postponed the publication of quarterly financial estimates that underlie the preparation of the consolidated budget of Puerto Rico . Given the monumental challenge facing the country right public finances and propel economic growth, the Planning Board has to produce reliable data because in todays world , access to numerical information may constitute a decisive advantage , both personally and at government level. But the statistics are poor quality and lack thereof is not the responsibility of the Government. It is well known that there are companies and government agencies that do their statistics available to the Board. In the case of industries , it is estimated that only 20 % or 25 % of companies delivers information to the agency . So to permanently solve the problem afflicting the Country of the lack of statistics or of poor quality , modernize the system requires the collection and presentation of data so that the information may be available to support the actions and the impact each decision brings in other sectors. Given the historical moment in which we are , we have another quarter century to ensure that the economic and financial information of Country occurs promptly and with the reliability that these times demand . Translation posted by Robert Davis Playa Paraiso Escondido, Ceiba, PR 00735 facebook/partidopuertorico Tel: (787) 988-1387
Posted on: Mon, 03 Mar 2014 12:57:52 +0000
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