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

Claudia Dobles Pushes to Reopen Closed Coast Guard Stations in Costa Rica

Claudia Dobles, the presidential candidate for Alianza Agenda Ciudadana, has put forward a plan to reopen two key National Coast Guard Service stations in...

Pre-Columbian Treasures to Be Saved Before Costa Rica’s New Airport Build

Authorities in Costa Rica plan to recover archaeological artifacts from the site of the proposed Southern Zone International Airport in Palmar Sur de Osa....

OIJ Arrests Suspect in Deadly San José Hotel Oriente Fire

Authorities arrested a 42-year-old man this week in connection with the deadly fire at Hotel Oriente that claimed five lives in early October. The...

Emiliana Arango Rises as Latin American Tennis Leader at Australian Open

For years, Latin American tennis followers have turned to a handful of familiar names when scanning Grand Slam draws for women’s singles contenders. Brazil’s...

Guatemala Captures Escaped Gang Member Leader After Prison Escape

Guatemalan authorities arrested a key Barrio 18 gang leader on Tuesday, marking the sixth recapture since a major prison escape two months ago that...

Tragic Accident in Guatemala Kills 15 as Bus Falls into Deep Ravine

A passenger bus carrying travelers along Guatemala's Inter-American Highway veered off the road and tumbled into a deep ravine late Friday, killing at least...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica