• Costa Rica Coffee Guide

2005 National Budget Gets Preliminary Approval

November 12, 2004

THE Legislative Assembly approvedthe 2005 national budget in first debateMonday after only one week of discussion,a record in the history of theassembly, the daily La Nación reported.Of 43 legislators present, 27 voted infavor of the budget, with 16 opposed.To be final, the budget must beapproved in a second vote, expected totake place next Thursday.The $2.63 billion budget, which wasoriginally presented to the assembly bythe Finance Minister on Sept. 1 (TT, Sept.3) and spent nearly two months in theassembly’s Finance Committee, inspiredintense debate between legislators and theMinistry of Finance.The original proposal cut funding togovernment programs in order to redirectmore funds toward interest payments onthe national debt. Opponents claimed thecuts were too large, and the assembly’sFinance Committee redirected ¢86 billion($191 million) away from interest paymentson the debt (TT, Oct. 29).The assembly began discussion of therevised budget Nov. 1, with Nov. 30 asthe deadline for its approval.According to La Nación, legislatorsmoved quickly on the budget vote tosooner discuss a legislative reform billunder consideration. The reform wouldpermit that certain projects receive specialconsideration in the assembly, such asshorter voting deadlines.Proponents of the reform intend toapply the fast-track process to thePermanent Fiscal Reform Package that theassembly has been debating for nearlythree years.Assembly President GerardoGonzález has said he hopes to have thereform approved before Dec. 1, the dailyreported.Even if it is finalized next week, the2005 budget’s future remains unclear.Last month, Finance Minister FedericoCarrillo told The Tico Times through hispress officer, Fabiola Martínez, that hewould not support the redirection of fundsaway from interest payments on the debt,and that the assembly’s budget is a recommendationfor the Finance Ministry, not amandate (TT, Oct. 29).

You may be interested

Reminder: Costa Rica’s entry requirements during the coronavirus pandemic
Costa Rica
3255 views
Costa Rica
3255 views

Reminder: Costa Rica’s entry requirements during the coronavirus pandemic

Alejandro Zúñiga - February 24, 2021

Since November 1, tourists from anywhere in the world can visit Costa Rica. Visitors can arrive to Costa Rica via…

Costa Rica details March friendlies against Mexico, Bosnia-Herzegovina
Costa Rica
4893 views
Costa Rica
4893 views

Costa Rica details March friendlies against Mexico, Bosnia-Herzegovina

The Tico Times - February 24, 2021

The Costa Rican men’s soccer team will face Bosnia-Herzegovina and Mexico in March friendlies, and the local federation has provided…

Costa Rica receives shipment of 92,400 more vaccines
Costa Rica
16372 views
Costa Rica
16372 views

Costa Rica receives shipment of 92,400 more vaccines

Alejandro Zúñiga - February 24, 2021

Costa Rica received 92,430 doses of the Pfizer/BioNTech vaccine on Tuesday night, the single-largest shipment delivered to the country, the Presidency…