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Costa Rica in the News
 

Government Revenues Up 16%

The Central Government of Costa Rica saw its revenues increased 16 percent in the last 12 months, thanks to improved collection and the expansion of the economy, according to data from the Ministry of Finance. On the other hand, public expenditure –not including the payment of interest on the debt– decreased by 9.6 percent. In addition, President Oscar Arias announced that the Government will make multi-million transfers to the Central Bank, in order to keep inflation at 8 percent this year and make it drop to 6 percent in 2008 and to 4 percent in 2009.

   

 

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