Expomóvil 2013. The dollar credit is used, among others, to purchase cars or homes. This year, these loans will be slightly more expensive. | FILE
According to Rodrigo Bolaños, those with income in colones and debts in dollars will need to be careful in 2014 because the colon is expected to depreciate against the dollar while interest rates will also rise. The fiscal policy is designed to stimulate growth and reduce unemployment at a time when the government’s fiscal deficit is increasing.
Interest rates in particular are expected to increase mid-year when the government places more bonds. Bolaños also said that tax reform is needed, and that the economy could experience negative consequences in two years should it fail to reduce deficits.