COSTA RICA: At last, fiscal reform

CENTRAL AMERICA - Report 04 Dec 2018 by Francisco de Paula Gutiérrez and Felix Delgado

After almost two decades discussing fiscal reform in Costa Rica, yesterday, December 3, 2018, Congress finally approved the law in the second lecture, with 34 votes in favor and 17 against. The new law was sanctioned the same day by President Carlos Alvarado and Minister of Finance Rocio Aguilar. The final step for the text to become valid law is publication in the official newspaper, expected to occur today, December 4, 2018.

As we’ve mentioned repeatedly in previous reports, this initiative is very important, although still insufficient to provide a more durable solution for fiscal finance fragilities, and Minister Aguilar is clear on that. It restores confidence in politicians’ capacity to reach consensus on key challenges and take measures, even in the face of the opposition of very influential groups in the public sector.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.