Chinchilla Caps Spending of ICE and RECOPE

    Must Read

    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    Yesterday President Laura Chinchilla signed a measure that will cap spending of six institutions that provide public services. The move is designed to mitigate and regulate future rate increases for electricity, water and fuel as well force these institution streamline their operating costs.

    Chinchilla imposed a spending cap on Costa Rican Electricity Institute (ICE), Costa Rican Oil Refinery (Recope), Aqueducts and Sewers (AyA), the Compañía Nacional de Fuerza y Luz (CNFL) Service Company Public Heredia (ESPH) and Electrical Service Administrative Board of Carthage (JASEC).

    The President said she made this move so that “Institutions will have to learn how to economize”.

    Operating costs of these institutions, which include salaries and supplies, will be affected .

    By 2014 growth caps and expenses may not exceed inflation by more than 15%.

    Chinchilla also ordered these institutions to grant wage increases higher than those decreed by the Executive branch.

    Source: La Nacion

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
    Learn how to describe the purpose of the image(opens in a new tab).
    - Advertisement -
    - Advertisement -
    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    CulturAncestral: A Cultural Exchange Event to Dive into Indigenous Traditions

    On March 16th and 17th took place the first edition of CulturAncestral. It was organized by the Sovereignty Alliance...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »