According to the report from the University of Costa Rica (UCR) on the actuarial valuation of the Disability, Old Age and Death (IVM) regime, ff urgent actions are not taken, it is estimated that the inflow of contributions and investments will no longer be enough to honor the expenses in 2022-2028. As consequence, the reserve […]
Costa Rica News, Summarized in English and Linked to the Source
2017 will be a tough year
Increases in interest rates, pressures on the exchange rate and increases in domestic prices, especially influenced by increases in fuel prices, are expected in 2017. All these factors could hinder not only the collection of taxes, but the government’s ability to finance at low cost. Helio Fallas, vice president of the Republic and finance minister, […]
Costa Rica got used to seeing murders and executions in public places
If Costa Rica were a boxer, murders and violence would have it cornered; It would be near a powerful knockout and it would require more than courage to stand up. This analogy fits perfectly with a country that got used to seeing murders in public places and executions in daylight. It is not a stupid […]
A subject raped an 11-year-old child in Puntarenas
A subject raped an 11-year-old child in Puntarenas. The man, after committing the crime, tried to escape but after several complaints, the security forces managed to catch him. The details of the event are handled by the Judicial Investigation Agency (OIJ) that is in charge of the investigation. The suspect, surnamed Duarte, was sent to […]
Students from the UCR are helping children in Upala!
Students from the University of Costa Rica (UCR) are preparing their next summer vacation: they will organize camps in Upala, an area affected by hurricane Otto. The main objective is that children in the area have other support that goes beyond the school cafeterias while adults are still reconstructing housing and services. We know that […]
Authorities managed to slow fiscal deficit
Through administrative measures and low inflation, authorities from the Ministry of Finance managed to slow the growth of the fiscal deficit. In November 2016, the difference between expenditure and government revenue reached 1.35 trillion colones, a lower figure when compared to last year, when it amounted to 1.44 billion colones. During 11 months, the Treasury […]