Costa Rica registers second highest fiscal deficit in Central America

February 26th, 2014 (InsideCostaRica.com) Costa Rica reported the second highest fiscal deficit in Central America for 2013, according to figures by the Central American Institute for Fiscal Studies (ICEFI).

 

The government’s shortfall amounted to 5.4% of GDP, surpassed only by Honduras, which registered a fiscal deficit equal to 7.7% of its GDP.

 

Nicaragua had the lowest deficit in the region at just 0.7% of GDP; followed by Panama at 2.9%.

 

Interest payments on debt weighed heavily on Costa Rica’s deficit, according to the study.

 

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  • dr meno

    YES AND THAT IS WHY THE COLONES IS WEAKER TO THE DOLLAR. THE DOLLAR IS NOT STRONGER. THE COLONES IS WEAKER BECAUSE OF LAURA AND ALL OF HER LOANS WITH BANK$TERS CRIMINALS.

  • dr meno

    If Costa Rica is not careful, and they don’t put Laura in jail. CR could end up like Greece and Cyprus, and others.

  • disgusted

    Colon worth nothing really only what they say.. The strikers want more money and unhappy with a 0.43% raise they should be holding their breath they keep their government job and pay… Bankrupt country like the USA.