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Facing rising deficit, Costa Rican government announces fiscal consolidation plans
Costa Rica
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Costa Rica
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Facing rising deficit, Costa Rican government announces fiscal consolidation plans

The Tico Times - February 11, 2020

Facing a fiscal deficit that reached 6.96% of GDP in 2019, the country's highest figure in decades, the Costa Rican government on Monday announced a plan that…

Costa Rica reached in 2019 its worst fiscal deficit in decades
Costa Rica
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Costa Rica
1409 views

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…

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt
Costa Rica
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Costa Rica
1331 views

Costa Rica places 1.5 billion dollars in Eurobonds to refinance debt

AFP and The Tico Times - November 13, 2019

In an operation to cover state budgetary needs, including the refinancing of public debt, Costa Rica on Tuesday placed $1.5 billion in Eurobonds in the international market,…

World Bank supports Costa Rican spending cuts
Economy
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Economy
4926 views

World Bank supports Costa Rican spending cuts

AFP - June 1, 2018

The World Bank expressed support Thursday for the spending cuts proposed by the government of Costa Rica to address the country's fiscal deficit, which has reached 6.2…

President Solís takes credit for healthy economy; Business leaders push back
Business
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Business
2627 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…