• Costa Rica Coffee Guide

Gov’t $130 Million In Debt This Year

May 27, 2005

THE central government’s deficit registeredat $130 million for the first fourmonths of 2005, with total income of$851 million and expenditures of $981million, the wire service ACAN-EFEreported.The total income, $849 million ofwhich came from taxes, was 6.2% higherthan the income collected during the sameperiod last year, according to the FinanceMinistry.“We have made an effort to improvetax collection and combat evasion,” saidFinance Minister Federico Carrillo.“Nevertheless, our expenditures are consumingthese resources in their entirety.”Those expenditures prompted a public,albeit fairly amicable, disagreementbetween Carrillo and President AbelPacheco this week. After Carrillo said thegovernment cannot afford the scheduledsecond-semester salary raise for publicemployees, Pacheco contradicted the ministeron Monday.“There are (resources). What’s happeningis that Federico is a guy who worriesa lot,” Pacheco told the daily LaNación.Carrillo told the daily he hoped to sitdown with the President next week to discussthe issue.Of expenditures from January-April,$308 million went to public-sectorsalaries; $314 million to paying intereston the national debt; $67 million to paymentsof the exterior debt; and $292 millionto other expenses, ACAN-EFEreported.

You may be interested

¡Viva siempre la paz! Costa Rica celebrates army abolition with holiday weekend
Costa Rica
9 views
Costa Rica
9 views

¡Viva siempre la paz! Costa Rica celebrates army abolition with holiday weekend

Alejandro Zúñiga - November 27, 2020

Costa Ricans will enjoy a long weekend to end November as the country celebrates a national holiday in commemoration of…

PAHO urges countries not to require coronavirus tests from travelers
Latin America
1537 views
Latin America
1537 views

PAHO urges countries not to require coronavirus tests from travelers

AFP - November 27, 2020

The Pan American Health Organization (PAHO) urged countries not to require coronavirus tests from travelers, saying they give a "false…

Eta and Iota left 200 dead, millions in financial losses across Central America
Costa Rica
74 views
Costa Rica
74 views

Eta and Iota left 200 dead, millions in financial losses across Central America

AFP - November 27, 2020

Hurricanes Eta and Iota, which hit Central America this month, left at least 200 confirmed dead and as many missing,…