COSTA RICA: Finance Minister Campaigns for a Deficit Cut

CENTRAL AMERICA - Report 25 Oct 2013 by Francisco de Paula Gutierrez
Executive SummaryCosta Rican Finance Minister Edgar Ayales is trying to turn the country’s ballooning fiscal deficit into an electoral issue, in the runup to the February 2014 presidential vote. He recently released a 52-page missive, in which he and his team analyzed the results of six months of national discussion of four major topics: fiscal governance, spending, income and deficit financing and infrastructure development.Reaction to Ayales’ initiative has been mixed – with the presidential candidates generally unenthusiastic. Some try to deny the problem, arguing that their policies wil...

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