No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Canada is now the fastest growing source of tourists to Costa Rica

More Canadians are flying to Costa Rica this year than at any point on record, and the gap between them and every other market...

Argentina’s Navone Hands Djokovic His Earliest Grand Slam Exit in 20 Years

Novak Djokovic’s bid for a record 25th Grand Slam title ended almost as soon as it began Sunday night, with Argentina’s Mariano Navone pulling...

Costa Rica Reopens Turrialba Volcano Park and Guayabo National Monument

Two popular places people like to visit in the Turrialba area have reopened after being closed for more than a week because of heavy...

Route 32 Closed for Court-Ordered Investigation

If you are driving between San José and the Caribbean coast this morning, you cannot get through on Route 32. A one-kilometer (0.6-mile) stretch...

Costa Rica’s Caribbean Comes Alive for Puerto Viejo’s Wolaba Parade

One of the South Caribbean’s biggest cultural celebrations returns Saturday as the Wolaba Parade fills the main street of Puerto Viejo with music, dancing,...

Lagoon Operator Says German Consul Was Swimming When He Drowned

The association that runs the recreation center where Germany's consul in Costa Rica died on Saturday has disputed the account that circulated internationally in...

Costa Rica Aims to Have Electric Train 80% Complete by 2030

The Costa Rican government expects the Greater Metropolitan Area (GAM) Electric Train project to be approximately 80% complete by the end of the Laura...

Costa Rica’s Drug Violence Draws Wall Street Journal Alarm as Homicides Fall

The Wall Street Journal published a report Thursday arguing that Costa Rica's rise in drug killings has fractured the political system, setting President Laura...

Costa Rica Opens First Medical Cannabis Manufacturing Laboratory

Costa Rica’s emerging medical cannabis industry has taken another step forward with the opening of a manufacturing laboratory in El Guarco, Cartago, designed to...
L. Arias
L. Arias
Reporter | The Tico Times |
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

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