More

    Central Institute For Fiscal Studies Says Central America Fared Well In Crisis

    Must Read

    Being a Man does not make you Immune to Breast Cancer.

    Although breast cancer is much more common in women. Men can have...

    Relax in the calm waters of Potrero Beach in Guanacaste

    Immersed next to Playa Flamingo in the quiet town of Potrero, Playa Potrero is quiet and serene

    Live the experience of Venturing into a Volcanic rock Cenote in Huetar territory

    In the Huetar indigenous territory, there is Tabacari, in Spanish "Santuario de...
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    San Jose [TCRN] – A study by the Central Institute for Fiscal Studies (ICEFI), called “Fiscal policy in Central America in times of crisis,” collected fiscal data from 2001 to 2010 of six Central American countries was released in Costa Rica on July 18th, 2012.

    Central America fared well since the international economic crisis unraveled in 2008, but the battle is not over yet as raising revenue and public spending become the focus moving forward.

    The report showed Central America while showing the highest economic growth on 30 years still faces its biggest challenge in 30 years

    Central American countries reduced their debt and deficit during the good years, but wages and public spending is important now, since the average rate of growth in social spending was 7.1% above economic growth.

    The average tax burden in Central America varies by 15% and for 2010. The fiscal deficit of El Salvador was 4.3% of gross domestic product (GDP), followed by Costa Rica (3.4%), Honduras (3%), Guatemala (2.7%), Panama (1.6%) and Nicaragua (0.9%).

    EFE

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    Being a Man does not make you Immune to Breast Cancer.

    Although breast cancer is much more common in women. Men can have...

    Relax in the calm waters of Potrero Beach in Guanacaste

    Immersed next to Playa Flamingo in the quiet town of Potrero, Playa Potrero is quiet and serene

    Live the experience of Venturing into a Volcanic rock Cenote in Huetar territory

    In the Huetar indigenous territory, there is Tabacari, in Spanish "Santuario de las Aguas" (Water sanctuary), a...

    Playa Carrillo a Beautiful Tropical Paradise for You

    Carrillo Beach. This beautiful beach is located on the Pacific Ocean in North Costa Rica, very close to Playa Sámara, about 50 km from the city of Tamarindo

    Learn About the Importance of Insects on a Visit to the Insect Museum in Costa Rica

    The Museum of Insects, founded in 1962, seeks that its visitors know the biodiversity of our country and also learn the importance and benefits that insects have in our environment
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »