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Costa Rica reached in 2019 its worst fiscal deficit in decades
Costa Rica
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Costa Rica
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Costa Rica reached in 2019 its worst fiscal deficit in decades

AFP - January 30, 2020

Costa Rica's fiscal deficit reached 6.96% of GDP in 2019, the highest of the last three decades, the Ministry of Finance reported Wednesday. The result exceeded the…

President Solís takes credit for healthy economy; Business leaders push back
Business
2626 views
Business
2626 views

President Solís takes credit for healthy economy; Business leaders push back

The Tico Times - May 3, 2016

With two years to go, President Luis Guillermo Solís defended his accomplishments to an uncooperative legislature and the Costa Rican public in his second State of the…

Costa Rica’s struggle with fiscal reform highlights its governance problems
Business
3601 views
Business
3601 views

Costa Rica’s struggle with fiscal reform highlights its governance problems

John McPhaul - August 13, 2015

The Costa Rican government’s struggle to launch fiscal reform to deal with its large and growing budget deficit brings into sharp focus the ongoing governance problems faced…

Moody’s downgrades Costa Rica’s credit rating
Business
2277 views
Business
2277 views

Moody’s downgrades Costa Rica’s credit rating

The Tico Times - September 17, 2014

The ratings agency Moody Investors Services downgraded Costa Rica’s government bond rating to Ba1 from Baa3 with a stable outlook Tuesday. The decision came weeks after President…

Business confidence drops to lowest levels in 2 years, says new survey
Business
1903 views
Business
1903 views

Business confidence drops to lowest levels in 2 years, says new survey

The Tico Times - May 15, 2014

Costa Rica’s fiscal deficit and other structural concerns weigh heavily on the country’s business confidence, dropping to its lowest level in the last two years, according to…

Business
1558 views

Costa Rica’s deficit hits 5.4 percent of GDP with no sign of shrinking

The Tico Times - January 23, 2014

Finance Minister Edgar Ayales announced Wednesday that Costa Rica’s deficit reached 5.4 percent of gross domestic product at the end of 2013, 1 percent higher than during…