Costa Rica Says To Be In
Good Finances To Resist
US Downturn
Costa Rica expects to
maintain healthy
government finances
despite a downturn in
the economy of the
United States,
according to the Costa
Rican Ministro de
Hacienda, Guillermo
Zuniga.
The United States is
Costa Rica's major
trading partner.
"From a point of view of
national finances, the
U.S. economic slump,
hits us at a good
moment," said Zuniga. "I
don't see any large
dislocations in public
finances."
Improved tax collection
combined with healthy
economic growth left
Costa Rica with a budget
surplus of us$174
million last year, its
first surplus in 50
years.
The central bank expects
the U.S. slump to limit
growth in Costa Rica to
3.8 percent in 2008,
compared to 6.8 percent
growth in 2007. |
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