Costa Rican Government Budget Up 17%

The $ 10.8 billion budget approved on first debate by the National Assembly represents a nominal increase of 17% compared to 2010.

Friday, November 26, 2010

The proposed budget must be approved by the National Assembly by November 30th, as required by the Constitution.

"The spending plan will be funded 55% by current income and 44.6% with domestic placement of debt securities," wrote El Financiero on their website.

More on this topic

Panama Approves Largest Budget in its History

October 2012

The National Assembly has approved a budget of $16.28 billion for fiscal year 2013.

The project, 12% higher than that of 2012, includes investments of $6.94 billion, $7.58 billion for operating expenses and $1.74 billion for servicing debt.

The budget was prepared under a scenario of economic growth of 8% and a fiscal deficit of 2.8%.

Nicaragua: 2011 Budget is $ 1.6 Billion

December 2010

The budget approved by the National Assembly is 10.8% higher than the current one.

The projected budget deficit for 2011 is $ 268.2 million which will be covered with grants and loans.

"The 2011 budget was prepared on a 3% forecast for growth of the Nicaraguan economy, inflation at 6.7 percent, a slide currency slide against the dollar of 5 percent and an average price of a oil barrel at $ 78.8 oil," Efe reported.

Record Budget in Panama

October 2011

The National Assembly has approved a state budget for the year 2012, at $14,451 million, the highest in the country's history.

The beneficiaries are ministries of the Presidency with $881 million and the Public Works with $723.4 million. The amounts allocated to the Ministry of Health are $538 million and $218 million for Education.

El Salvador: 2012 Budget is $4,400 million

September 2011

The National General Budget for 2012 will be close to $4,400 million, similar to that of 2011.

Finance Minister Carlos Caceres said the figure is practically the same as that of 2011, with the difference that the 2012 budget does not include payments for Eurobonds, which in 2011 meant $650 million.

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