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.

Facebook Comments

You may be interested

Alajuelense eliminated in the Costa Rican Clausura
Soccer
4 views
Soccer
4 views

Alajuelense eliminated in the Costa Rican Clausura

AFP and The Tico Times - April 21, 2019

Liga Deportiva Alajuelense tied 2-2 against the reigning champion, Club Sport Herediano, and was eliminated from the semifinals of the…

Costa Rica bets on ending fossil fuel use by 2050
Climate Change
40 views
Climate Change
40 views

Costa Rica bets on ending fossil fuel use by 2050

Marco Sibaja / AFP - April 21, 2019

Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks…

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)
Pic of the Day
98 views
Pic of the Day
98 views

Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)

Alejandro Zúñiga - April 18, 2019

Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…

Do NOT follow this link or you will be banned from the site!