No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeNewsCosta RicaCosta Rica presents bills resulting from economic dialogue

Costa Rica presents bills resulting from economic dialogue

The Costa Rican Presidency on Tuesday introduced two new bills and supported six others meant to help the country cut costs in context of a growing financial crisis.

The new projects are as follows:

  • Transparency on the Participation of Public Servants in Non-Cooperating Countries: This initiative would prevent people who occupy high positions in the public service from having accounts in non-cooperative jurisdictions for tax purposes.
  • Special Tax of Lottery Prizes and Other Games of Chance: This initiative would levy a 25% tax on lottery prizes that exceed half a base salary (₡225,000, or about $375).

They join the following six bills:

  • File 21.499: Law of Affirmative Actions in Favor of Afro-descendant People: This initiative would create programs for Afro-Costa Ricans in educational, civic, cultural and social realms.
  • File 21.180: Law of Creation of the National Agency of Digital Government: This initiative aims to develop a “digital government” that would simplify procedures for citizens and improve access to public information.
  • File 21.546: General Law of Public Procurement: This initiative would reform the current administrative contracting law to ensure transparency in the processes of acquiring goods and services.
  • Modifications to Law  N° 8436, the 2005 Fisheries and Aquaculture Law: This would, in part, eliminate the maximum autonomy of 3 nautical miles for small-scale commercial fishing, 40 nm for the medium-scale fleet and greater than 40 nm for an advanced fleet.
  • File 21.411: Authorization to the State to donate land to the University of Costa Rica in Golfito.
  • File 21.371: Authorization to the Municipality of Cañas to donate land to the Public Education Ministry.

“As other bills linked to the initiatives resulting from the Multisectoral Dialogue are ready, they will be sent for the knowledge of the representatives of the sectors,” Casa Presidencial said.

President Carlos Alvarado also still intends for Costa Rica to negotiate with the International Monetary Fund (IMF) for a loan to address the country’s financial difficulties.

“Costa Rica needs, yes or yes, an adjustment,” Alvarado said. “If we do nothing, the adjustment will be given by itself and will be like that of the 1980s. And it’s very painful. So, yes or yes, we need that adjustment.”

Alvarado indicated that further details about negotiations with the IMF will be announced later this month.

Trending Now

When Therians Arrive in Costa Rica

This past month I learned a new word: Therian. The first time I heard it used was by our outgoing president, Rodrigo Chaves, who...

UN Documents Killings, Disappearances and Torture by Honduras Security Forces in 2025

Honduras security forces committed serious human rights abuses in 2025 while the country operated under a state of exception, the United Nations human rights...

Mexico Announces Plan for 100,000 Security Personnel at World Cup

Mexico announced Friday it will station nearly 100,000 police, soldiers and private security guards across its three World Cup host cities to protect fans...

Costa Rica Women March for Democracy and Rights on International Women’s Day

Women and supporters march in downtown San José today to observe International Women's Day and voice demands for greater rights and protections. The 8M...

Oil Price Surge from Middle East Conflict Raises Concerns for Costa Rica’s Economy

Oil prices climbed sharply this week as fighting in the Middle East intensified, with U.S. and Israeli strikes on Iran prompting retaliatory actions that...

Aryna Sabalenka Engaged to Georgios Frangulis Before Indian Wells

Aryna Sabalenka, the top-ranked player in women's tennis, shared news of her engagement to Brazilian businessman Georgios Frangulis on Tuesday, just before the start...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica