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

Costa Rica’s Rebeca Grynspan Makes Her Case to Lead the United Nations

Costa Rica’s push to place Rebeca Grynspan at the head of the United Nations moved into a more public phase this week, as the...

Argentina’s Etcheverry Advances to Madrid Masters Round of 16

Tomás Martín Etcheverry advanced to the round of 16 at the Mutua Madrid Open on Sunday by defeating Croatia’s Dino Prizmic 2-6, 6-4, 6-3....

UN Aid Targets Food and Water Crisis Across Central American Dry Corridor

The United Nations Central Emergency Response Fund (CERF) has released $10.5 million to help communities in Guatemala, Honduras and El Salvador prepare for severe...

Costa Rica Advances Bill Requiring Wildlife Crossings on Roads

Costa Rica lawmakers have advanced a bill that would make wildlife crossings a formal requirement in road infrastructure projects, a move aimed at reducing...

OIJ Warns of Surge in WhatsApp Dollar Scams in Costa Rica

Costa Rica’s Judicial Investigation Agency is warning the public about a rise in scams involving the fake sale of U.S. dollars through hacked WhatsApp...

El Salvador Tourism Hits All-Time High in 2025

El Salvador recorded a historic 4.1 million international visitors in 2025, the highest annual figure the country has ever seen. Ministry of Tourism data...
Avatar
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel