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Costa Rica fiscal deficit

Costa Rica signs $500 million loan with IDB

Costa Rica made official two budget support loans this Thursday with the Inter-American Development Bank (IDB), for an amount of 500 million dollars.

IDB approves $500 million loan for Costa Rica

The Inter-American Development Bank (IDB) said Wednesday that it has approved two loans to Costa Rica totaling $500 million.

Costa Rica cuts contributions to political campaigns to contain deficits

The country intends to contain the fiscal shortfall through a series of spending cuts and new income

Costa Rica closes 2020 with large fiscal deficit, though better than expected

Costa Rica closed 2020 with a fiscal deficit of 8.3% of GDP, the highest in recent decades although lower than the official projection, the government announced Monday.

News briefs: Costa Rica news highlights to start your Friday

We hope you're reading this with a delicious Costa Rican coffee or traditional gallo pinto. Here's the Costa Rica (and regional) news you should know on Friday, October 30.

News briefs: Costa Rica news highlights to start your Thursday

We hope you're reading this with a delicious Costa Rican coffee or traditional gallo pinto. Here's the Costa Rica (and regional) news you should know on Thursday, October 29.

Costa Rica expects fiscal deficit to increase to 9.7% of GDP due to pandemic

The Costa Rican government predicts a fiscal deficit of up to 9.7% of GDP as a result of falling revenues and expenses related to the COVID-19 pandemic.

Costa Rica plans to invest $880 million to face coronavirus impact

President Carlos Alvarado said that even with the fiscal tightness that the country is going through, the government has as a priority to attend to the needs of the population.

Facing rising deficit, Costa Rican government announces fiscal consolidation plans

The Costa Rican government announced a plan that aims to consolidate finances and encourage economic growth without applying further taxes. 

Costa Rica reached in 2019 its worst fiscal deficit in decades

The figure was given despite the fact that the country adopted a tax reform at the end of 2018 that included tax increases to address the deficit.

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