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Government will study suggestions on fiscal plan

May 17, 2018 by Staff News Writer

The Executive Power announced this Thursday that it will begin the study of all the observations, suggestions, and even changes that the different political parties want to make to the fiscal plan that Carlos Alvarado inherited from Luis Guillermo Solís.

The government created a commission of technicians from the ministries of the Presidency and the Treasury to determine what they accept and what they discard from the proposals that the political parties made to the new government days before the start of its administration.

In this analysis, issues such as the 2% tax on added value (VAT) that is to be imposed on the products of the basic basket, as well as 4% on private education and health services, will be studied. There will also be discussion about the exemption to capital gains of bonds traded on the stock market.

What we are looking for is to have a comprehensive document, which technically analyzes all the concerns expressed by the different fractions, including their effect on the expected collection, to advance in a project that allows to clean up the public finances and avoid the risks that the high fiscal deficit entails for all the population and the country in general,”

explained the Minister of the Presidency, Rodolfo Piza.

The hierarch explained that after the analysis a document will be presented to the legislators with the accepted changes. He insisted that measures to contain the spending will be announced soon that will be applied by the government.

In recent days the Executive said that it will reform the guideline of use of places in public administration left by the previous government and that develops a protocol that will determine when ministers and deputy ministers may travel abroad.

With the Plan for Strengthening Public Finances, the government expects to reduce the fiscal deficit from 6.2% of the Gross Domestic Product (GDP) to 3% at the end of the Alvarado government.

crhoy.com

Related articles:

  1. Solís will ask Antonio Álvarez to rekindle fiscal plan
  2. Government ended 2017 with historical fiscal deficit
  3. President Solís: “The fiscal plan cannot be delayed any longer”
  4. New version of fiscal project would generate 2.4% of GDP
  5. Costa Rica has the highest fiscal deficit in Central America
  6. Central Bank restates risks of fiscal deficit and dollarization

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