Costa Rica Coffee Guide

Fiscal Reform Deadline Extended Until March 6

March 5, 2004

LEGISLATORS and the government last week agreed to extend the final deadline for the completion of last-minute changes to the government’s Permanent Fiscal Reform Package until March 6.

Last December, after 15 months of debate, a mixed commission that included representatives from every legislative faction, business chambers and other groups unveiled what was believed to be the final version of the tax plan. The government adopted the plan and submitted it back to the Legislative Assembly as a bill on Jan. 19 (TT, Dec. 5, 2003).

A nine-member legislative commission was created Feb. 5 to study the tax plan so it could be voted on. The commission was given until Feb 26 to make last-minute changes (TT, Feb. 13).

Commission members, in particular Federico Malavassi (TT, Feb. 20) of the Libertarian Movement and Humberto Arce of the Patriotic Bloc, issued several motions to reform the tax plan. When the Feb. 26 deadline arrived, there was still much work to do, they said.

Last week, while in Mexico during a 12-day, four-country tour, President Abel Pacheco (TT, Daily Feb. 21) said he agreed to give the commission one more week to study and modify the tax plan.

However, Pacheco made clear the new deadline would be final. The final deadline for the approval of the plan by April 30 would continue to stand, he said.

If the tax plan is not approved by then, the government will move ahead with “Plan B” – a ¢72 billion ($171.4 million, roughly 1% of the country’s gross domestic product) cut to the budgets of 15 different government ministries and several social programs.

 

You may be interested

Ports and highways blocked in rejection of Costa Rica’s IMF proposal
Costa Rica
21728 views
Costa Rica
21728 views

Ports and highways blocked in rejection of Costa Rica’s IMF proposal

The Tico Times - October 1, 2020

Protesters blocked roads and ports in different parts of Costa Rica on Wednesday in a protest against planned negotiations with…

Costa Rica coronavirus updates for Wednesday, September 30
Costa Rica
5592 views
Costa Rica
5592 views

Costa Rica coronavirus updates for Wednesday, September 30

Alejandro Zúñiga - September 30, 2020

Costa Rica announced 24 new coronavirus-related deaths over the last day for a total of 904, according to official data…

Some 34 million jobs lost in Latin America due to pandemic
Business
3343 views
Business
3343 views

Some 34 million jobs lost in Latin America due to pandemic

Carlos MANDUJANO / AFP - September 30, 2020

The two aspirers for the presidency of Costa Rica, the evangelical preacher Fabricio Alvarado and the former minister Carlos Alvarado, reach the closing of the electoral campaign for April 1st with a technical draw, according to a poll disclosed this Friday.