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

Rincón de la Vieja Could Be Settling Down or Building Toward Bigger Eruptions

Rincón de la Vieja is erupting less often and with less force than it did over the summer. Scientists say that does not yet...

Bukele Says Remains Handed Over in Haiti Do Not Belong to Missing Salvadoran Technicians

El Salvador President Nayib Bukele stated that human remains delivered to Salvadoran forces at a Haitian airport do not belong to the four aviation...

Thinking of Moving to Costa Rica? Put Puriscal at the Top of Your List

Anyone who has lived in Costa Rica for a while knows the question. A friend, a relative or a stranger online is thinking about...

Four Detained in Costa Rica Over Sedative-Spiked Rides From Bars

Costa Rican authorities detained four men yesterday who are suspected of offering rides to people leaving bars in San José, drugging them with a...

US Midterm Vote Won’t Necessarily Lift Costa Rica’s 12.5% Tariff

Analysts say Tuesday's US midterms could shift the politics around Costa Rica's 12.5% tariff, but a new Congress won't automatically lift it.

Costa Rica Plans Blue Zone Seal and Wellness Tourism Push for Nicoya

Costa Rica plans an official Blue Zone seal and three Nicoya wellness tourism products by 2028, plus new care for centenarians.

Usher Returns to Costa Rica and Shares Photos of Guanacaste Getaway

Eight-time Grammy Award winner Usher has returned to Costa Rica, spending several days enjoying the beaches, tropical scenery, and luxury resorts of Guanacaste before...

Beachfront Lights Are Driving Sea Turtles Away From Costa Rica’s Nesting Beaches

Artificial light from hotels, homes and streets can keep female sea turtles from nesting and send hatchlings inland. A CREMA biologist says nesting has dropped at Tamarindo and Santa Teresa.

Costa Rica Dollar Supply Hits Record 20 Years After Colón Devaluations Ended

The dollar sits near ₡452 as Costa Rica marks 20 years since ending planned colón devaluations. Here's what is driving record dollar supply.
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