American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

Political debt reduction approved in second reading

October 26, 2016 by Staff News Writer

With 46 votes in favor, the Legislative Assembly approved in second reading a reduction of ¢ 25 billion on the contribution of the State to political parties.

The reduction applies to the financing of the presidential campaign of 2018 and 2020 municipal voting.

The initiative will reduce the State’s contribution of 0.19% to 0.11% of Gross Domestic Product (GDP).

Otton Solís, legislator of the Citizen Action Party (PAC) and proponent of the initiative, pointed out that the reduction amounts to $ 45 million.

A portion of the resources will be allocated to the Ministry of Public Security for hiring new police officers.

This reduction will be exclusively for the next 2 seasons, which is why legislators also promoted a constitutional reform to make a permanent cut.

The initiative was forwarded to the Executive for its approval and publication in the Official Gazette.

crhoy.com

Related articles:

  1. The Congress passed a reduction from the state contribution to electoral campaigns
  2. Paris Agreement was approved in second reading
  3. The budget reduction would affect the Ministry of Enviroment and the National Meteorological Institute
  4. CCSS approved 3,4 billion colones for 2017
  5. Two extraordinary budgets were approved
  6. Bernadita Marín: “No Ministry uses 100% of its budget”

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

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« 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