October 18th, 2013 (InsideCostaRica.com) New taxes are part of a set of proposals to cut the fiscal deficit of the Chinchilla administration, according to the paper “On the Road to Fiscal Consolidation: Agenda for a National Dialogue,” presented by Finance Minister Edgar Ayales yesterday afternoon.
Ayales said the document would serve as the basis to discuss and agree on a solution to Costa Rica’s fiscal problem.
Ayales said the document represents an “inventory of options” including increasing government revenue through taxes and spending cuts.
The “inventory” includes new taxes on private healthcare and private education, a new Value Added Tax (VAT), changes in tax burdens on free trade zones, and more.
The Ministry of Finance (Hacienda) plans to hold five roundtables to address five core areas: fiscal governance; strengthening tax and customs enforcement; talks on the level and quality of public spending; borrowing and investment; and fiscal and environmental sustainability.
Ayales said the proposals could translate into legislative bills as soon as February.