No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveInfrastructure Will Suffer Unless Tax Plan is Approved

Infrastructure Will Suffer Unless Tax Plan is Approved

UNLESS the tax plan currently beingdebated by the Legislative Assembly is approvedin the near future, the Public Worksand Transport Ministry’s (MOPT) budgetfor 2005 will be reduced dramatically.The institution’s budget for next yearis expected to be ¢23.89 billion ($54.66million) — ¢12 billion ($27.46 million)less than last year. Two thirds of the budget,or about ¢15 million ($34.32 million),will be used to pay salaries. MOPT’s budgetcould be increased if the Perma-nentFiscal Reform Package is approved, thedaily La Prensa Libre reported.The budget cuts will dramaticallyreduced the amount of money MOPT candedicate to repairing and maintainingroads, according to María Lorena López,Vice-Minister of Public Works.López expects 60% of MOPT’s equipmentwill remain idle in 2005 if the taxplan is not approved.

Trending Now

Mexico’s Renata Zarazua Carries Regional Hopes into Australian Open 2026

As the tennis world gears up for the 2026 Australian Open, set to kick off on January 18, Latin America stands ready to make...

US Ruling Denies Bond to Son Accused of Killing Costa Rican Mother

A Tennessee judge has bound over murder charges against the husband and son of Costa Rican Silvia Gabriela Vílchez Mora, who authorities say died...

FECOP Study Reveals Shifting Trends in Costa Rica’s Sport Fishing Resources

Sailfish and companion-species fishing tourism represents a major source of income for Costa Rica, particularly for communities along the Pacific and Caribbean coasts. Despite...

Roger Federer Returns to Australian Open for Star-Studded 2026 Launch Event

Tennis fans around the world got a surprise boost on Friday when Australian Open organizers announced that Roger Federer would make a triumphant return...

Costa Rica’s Medical Devices Lead 2025 Exports

Costa Rica's economy has seen a strong push from its medical device industry this year, which now stands as the country's primary export category....

Costa Rica’s Festival of Light Brings Drone Shows and Northern Lights Theme

The Festival de la Luz returns to light up the capital this Saturday, December 13, marking nearly 30 years as a key Christmas tradition...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica