President Luis Guillermo Solís said that if his tax reform is not approved, the next government could face a deficit of 10.5 percent. The key piece of the government deficit proposal is higher taxes. A measure that has not advanced because of the opposition in the legislature. The tax reform will allow the government to […]

According to Christian Daude, senior economist at the Organisation for Economic Co-operation and Development (OECD), Costa Rica’s top priority should be finding a solution to the fiscal deficit. Daude noted that there is little progress in the discussion of measures to reduce the fiscal deficit. The legislative is embroiled to decide what to reform. At the […]

Communications Minister, Mauricio Herrera, visited on Wednesday Peñas Blancas, a border crossing towards Nicaragua, to oversee the construction of a facility to provide the basic health needs for African migrants stranded on their way to the United States. Two weeks ago, a 23-year-old migrant male died of pneumonia on streets. The press reported the case […]

“Reventazón” Hydroelectric Project is about to complete testing on the third power generation unit before putting it into service. The first two generation turbines of the plant have already been connected to the grid in the past two months. Reventazón is the largest hydroelectric plant in Central America. With a capacity to generate 305.5 MW, […]

The Economic Affairs Committee of the Legislative Assembly closed the debate on a bill that would create an agency to assist small and medium enterprises (PYMES in Spanish). During the bill’s first discussion, most legislators concluded the proposal was not feasible and also questioned its funding methods. The government of Luis Guillermo Solis had high […]