No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveInfrastructure Will Suffer Unless Tax Plan is Approved

Infrastructure Will Suffer Unless Tax Plan is Approved

UNLESS the tax plan currently beingdebated by the Legislative Assembly is approvedin the near future, the Public Worksand Transport Ministry’s (MOPT) budgetfor 2005 will be reduced dramatically.The institution’s budget for next yearis expected to be ¢23.89 billion ($54.66million) — ¢12 billion ($27.46 million)less than last year. Two thirds of the budget,or about ¢15 million ($34.32 million),will be used to pay salaries. MOPT’s budgetcould be increased if the Perma-nentFiscal Reform Package is approved, thedaily La Prensa Libre reported.The budget cuts will dramaticallyreduced the amount of money MOPT candedicate to repairing and maintainingroads, according to María Lorena López,Vice-Minister of Public Works.López expects 60% of MOPT’s equipmentwill remain idle in 2005 if the taxplan is not approved.

Trending Now

Avianca Offers Free Return Flights to Stranded Spirit Airlines Passengers

Avianca will fly stranded Spirit Airlines passengers home at no fare cost, the Colombian flag carrier announced today, becoming the first Latin American airline...

Spirit Airlines Shuts Down Leaving Costa Rica Travelers Scrambling

Travelers heading to or from Costa Rica face sudden disruption after Spirit Airlines announced early Saturday it is shutting down all operations and liquidating,...

Sinner Demands Grand Slam Respect as Prize Money Fight Grows

Jannik Sinner called on Thursday for Grand Slam tournaments to show tennis players respect in a row over prize money, as Novak Djokovic pledged...

Costa Rican Angler Erika Sandi Makes History at the Offshore World Championship

Erika Sandi put Costa Rica in the spotlight after an outstanding performance at the Offshore World Championship, where she secured both the Top Lady...

Costa Rica Begins New Era as Laura Fernández Takes Office

Laura Fernández will be sworn in today as our new president, opening a four-year term shaped by promises of tougher security policies, closer alignment...

Costa Rica Drivers Face Delays Near Tarcoles Bridge

Drivers heading between Costa Rica’s Central Valley and the Central Pacific should prepare for delays this week as the Tárcoles bridge on Route 34...
Avatar
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel