Government will spend 6.4 billion colones in 2013

Hacienda announced on Friday the Ordinary and Extraordinary Budget plan for 2013, which is 6.4 billion colones  (about $12.8 million USD), of which 43% will be financed with internal debt.

The budget showed an increase of 7.7%, substantially lower than the past two years, – where this year the budget grew by 13% and by 9% in 2011.

The Treasury Department minister, Edgar Ayales, stated that all institutions suffered budget cutbacks.

Ayales said that revenues this year were 3.6 billion colones, an 11.7% increase in regards to the amount certified by the treasury inspector’s office.

Legislators have until November 30^th to submit changes to the budget.

Readers should note that this budget only includes costs and programs of the three branches of government.

The Legislature would receive a budget of 30 billion colones

 Editors note: This article has been edited to redact some errors made in the interpretation of the government release.  We regret the error.