• Costa Rica Coffee Guide

Financial Surplus Logged For Third Month in a Row

August 24, 2007

The Costa Rican economy remained on the up-and-up last month, producing a financial surplus of $92.3 million, Finance Minister Guillermo Zúñiga reported Aug. 16.

This marked the third consecutive month the country has generated a financial surplus. During the first seven months of the year, the Costa Rican government’s income totaled more than $2.1 billion, while its spending, including interest on debt, registered about $2 billion.

These results were achieved through improved tax collection; from January to July, 31.4% more taxes were collected than during the same period last year, Zúñiga said.

The government’s spending has increased 19% this year, and though most of its money still goes to salaries and pensions, investment in social works and infrastructure has increased significantly.

“We have a very significant primary surplus, not including debt … which has allowed us to cover payments on interest and achieve a financial surplus,” Zúñiga said.

 

You may be interested

Government to discuss pandemic response with private sector
Costa Rica
4 views
Costa Rica
4 views

Government to discuss pandemic response with private sector

The Tico Times - May 8, 2021

Government officials will discuss Costa Rica's pandemic response with representatives of other sectors, in context of new records in hospitalizations…

Costa Rica ends work week with new high in Covid hospitalizations
Costa Rica
44 views
Costa Rica
44 views

Costa Rica ends work week with new high in Covid hospitalizations

The Tico Times - May 8, 2021

There are 1,175 people in Costa Rica hospitalized with Covid-19, a new record, the Health Ministry said in its Friday…

Authorities search for hiker missing in Chirripó NP
Costa Rica
9 views
Costa Rica
9 views

Authorities search for hiker missing in Chirripó NP

Alejandro Zúñiga - May 7, 2021

Update: Authorities located the hiker’s body on Saturday morning. Read more via La Nación. **** Costa Rican authorities are searching for…