HomeArchiveLawmakers approve 2013 national budget in first-round debate

Lawmakers approve 2013 national budget in first-round debate

Costa Rica’s Legislative Assembly approved in a first round of debate the ₡6.4 trillion ($12.8 billion) national budget bill in a 29-15 vote.

Fifty-seven percent of the budget will be financed by taxes and regular income, while 43 percent will be paid with debt.

Compared to this year, the 2013 budget is 2.6 percent bigger.

The vote came a few hours after the Constitutional Chamber of the Supreme Court, or Sala IV, ruled unanimously that the earmarking of ₡3.6 billion ($7.2 million) for municipalities is unconstitutional because “it did not detail the specific destination of funds as required by law.”

Those funds will be frozen while the Finance Ministry corrects the error in the next national budget revision.

Lawmakers from the Citizen Action Party, Libertarian Movement Party and Broad Front Party had asked to adjust the budget after the Sala IV’s ruling, but the vote was held shortly after 7 p.m.

A second round of debate will be held on Thursday.

Trending Now

Santa Cruz Inspector’s New Truck and Mayor’s Son’s Bank Deposits Under Scrutiny in Guanacaste Probe

A municipal inspector in Santa Cruz, Guanacaste, bought a new Toyota Hilux for 21.2 million colones (about $46,500) that his income cannot account for,...

Costa Rica Wildlife Survey Reveals 60 New Species Records in Urban Heredia

A wildlife survey in one of Costa Rica's busiest urban areas has added 60 new species records to a local inventory, showing that birds,...

Spotify Introduces New Family Plan Verification Rules in Costa Rica

Spotify is tightening its rules for Premium Family subscriptions in Costa Rica, introducing a verification system that requires selected users to prove they live...

Costa Rica Owls: Camera Traps Reveal Their Hidden Live

Costa Rica is home to an array of owl species. They come in a variety of patterns, shapes, and sizes, but they have a...

Francisco Cerundolo Reaches Brussels Quarterfinals With Win Over Martin Damm

Argentina’s Francisco Cerundolo advanced to the European Open quarterfinals yesterday, beating American Martin Damm 6-4, 7-6 (4) to set up a meeting with French...

Costa Rica’s National Theater Celebrates 129 Years With Free Tours and Concerts Today

Costa Rica's National Theater is celebrating its 129th anniversary today, with free guided tours, live music and activities in downtown San José, giving everyone...

Costa Rica Hands Four Suspects to US in Three Days as US Embassy Praises New Prison

Costa Rica extradited four suspects to the US in three days as the US Embassy praised its new maximum-security prison.

Costa Rica Opens Bidding for $770 Million San José–San Ramón Highway Expansion

Costa Rica has opened international bidding for a $770 million expansion of the San José–San Ramón highway. The project includes additional lanes, new bridges, upgraded interchanges and proposed tolls, with construction expected to begin in 2027.

Toys “R” Us Weighs Going It Alone in Costa Rica

The Panamanian company that holds the regional Toys "R" Us rights puts a Costa Rica store at about $300,000 and is weighing whether to franchise or run stores itself.
L. Arias
L. Arias
Reporter | The Tico Times |
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel