More

    The Government of Costa Rica Presented 2013 Budget to Congress

    Must Read

    TCRN STAFFhttp://www.TheCostaRicaNews.com
    Like you, we are tired of corporate media that is politically driven and one sided. So we decided to focus on news that’s important to people. We’re Creating a Conscious alternative news network that we feel the world needs and we need your help! We can’t do this without you! Support news and media that matters and that can help change our world!

    San Jose – The Government of Costa Rica presented to Congress the budget for 2013 by U.S. $ 12.888 million, 7.7% higher than in 2012 and will be financed with 43% debt.

    “The country can be assured that this bill was drafted in a very responsible and austere, meeting the commitments of the administration (of President Laura) Chinchilla with the different sectors of the population,” he said in a statement the minister Finance Ayales Edgar.

    The budget states that will be funded by 57% from current revenues and 43% with debt, while 47.4% of the money will go to social spending such as education, social protection, health, housing, recreation and culture said Ayales.

    The 2013 budget increased by 7.7% compared with 2012, but Ayales stressed that this increase is lower than in the two previous budgets when it was 13.7% and 9.1% in 2011 and 2012, respectively.

    The Ministry of Education will receive about 3.479 million U.S. dollars, up 9.3% from 3.181 million last year, while in security spending will increase by 15.1% from 350.4 million dollars to 403, 5 million.

    Meanwhile, the Judiciary will receive 628.8 million dollars, representing an increase of 7.9% compared to 582.7 million in 2012, while the Legislature’s budget will rise by 5.8% from from 56.9 million to 60.2 million between the two periods.

    The Costa Rican Congress has the time to discuss, amend and approve the budget until 30 November, but if not ratify the law requires be approved automatically, as happened last year.

    Ayales Minister warned that the fiscal deficit of the project is around 4.5% of gross domestic product (GDP), which is not considered sustainable in the medium and long term, so they urged about reforming the tax system.

    “We need comprehensive reform that includes measures on the expenditure side, revenues and financing”, said the minister.

    The government of President Laura Chinchilla tried unsuccessfully this year legislative approval of a tax reform that sought to rise by 1.5% of Costa Rica’s GDP for the deficit in recent years has been between 4% and 5%.

    EFE

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
    At Resonance, we aspire to live in harmony with the natural world as a reflection of our gratitude for life. Visit and subscribe at Resonance Costa Rica Youtube Channel https://youtube.com/@resonanceCR
    - Advertisement -

    Subscribe to our newsletter

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

    Latest News

    Electric Vehicles Change the Way of Driving in Costa Rica

    Costa Rica closed last year with 4,800 registered electric cars, according to the Safe Mobility Study 2024, prepared by...

    More Articles Like This

    Language »