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

The Unexpected Reason Some Travelers May Prefer Costa Rica

My friend Tomas has worked most of his life in one kind of tourism or another. He’s 100 percent Tico but spent many years...

Strange Balloon-Like Object Spotted Over Costa Rica

A mysterious white object seen high above several parts of Costa Rica over the weekend triggered a new round of speculation online, with residents...

Why Daniel Ortega Is Moving to Eliminate Nicaragua’s Opposition

"They will have no choice but to bark," Nicaraguan President Daniel Ortega shot back in response to the wave of international condemnation sparked by...

Search Intensifies for Missing Hiker in Costa Rica’s Chirripó National Park

Rescue teams continued searching today for a 58-year-old man who has been missing for several days inside Chirripó National Park, one of Costa Rica’s...

Costa Rica President Declares Security and Intelligence Information a ‘State Secret’

President Laura Fernández has placed a broad range of Costa Rican security and intelligence information under a “State Secret” designation, restricting public access to...

What You Actually Owe at Costa Rica’s Land Borders

Costa Rica charges one land exit fee — $8 per person. Here's how to pay it online, what a legitimate receipt looks like, and what to do if asked for more.

Cincinnati Open Opens This Weekend With Practices, Fan Events and New Attractions

The Cincinnati Open begins welcoming fans August 8 with open player practices, autograph sessions, Red Bull BassLine and a new 5K before competitive tennis begins.

Costa Rica Wildlife Study Records 79 Species at Reserva Conchal

A year-long wildlife study at Reserva Conchal in Guanacaste documented 79 species of mammals, birds and reptiles, nearly double the 40 recorded during the...

Costa Rica Approves New Rules for Nighttime Ambulance Flights

Costa Rica has approved a national protocol governing nighttime air ambulance flights, closing out roughly ten months of uncertainty that began when Civil Aviation...
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