American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

Goverment proposes to reduce public spending by 25.8 billion colones

June 3, 2016 by Staff News Writer

According to the extraordinary budget submitted recently to the Legislative Assembly, the government would cut expenses in 25,800 million.

The biggest impact will hit ministries’ budgets: 19,491 million colones less than the original amount.

Other major cuts would hit other government institutions that will lose 2,219 million colones.

Pension expenses would also be reduced in 4,102 million.

During the approval of the 2016 regular budget, the government pledged to reduce between 42 and 50 billion in public spending  throughout 2016.

Source: La Nación.

Related articles:

  1. Despite income growth, public deficit remains constant
  2. Goverment approves ¢500 million project requested by congressman
  3. MEP investment of 5 billion colones fails to mitigate earthquake damage in Nicoya
  4. New taxes would reduce deficit in less than half
  5. State refinery reports loss of 6 billion of colones in 2015
  6. A bill to reduce special pensions costs makes headway in the legislative

Filed Under: News Reports

SIGN UP FOR AMERICAN EXPATRIATE IN COSTA RICA

It's free, we respect your privacy and you can unsubscribe at any time.

Connect with Social Media

  • Email
  • Facebook
  • RSS
  • Twitter
Follow @expatcostarica

Search Articles and News Reports

Articles by Publication Date

May 2025
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031  
« Apr    

News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

Costa Rica Government Silent on Travel Ban with Just 13 Days Left

News Summary

Legislators approve moratorium for registration of shareholders

President confirms gasoline give away for ethanol pilot project

Chinese company sells low cost smart phones in Costa Rica

Search continues for small plane missing in Drake

Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

Copyright © 2010 to 2025 · Link to Legal Notices and Privacy Policy