Costa Rica records US$230 million first-half surplus
Boosted by a 25 percent increase in tax income, Costa Rica's government recorded a US$230 million surplus for the first half of the year.
Friday, July 18, 2008
"This is very good news. The surplus is four times what is was in the first half of 2007," Finance Minister Guillermo Zúñiga told a press conference.
If this trend is sustained, 2010 would close with a $40 million surplus over the projected revenue.
At the 2008 closing and for the third consecutive year, the financial balance of the state had a positive balance.
At the close of July there was a budget surplus of $271 million in spite of the economic slowdown.
Costa Rica recorded a fiscal surplus of US$173 million in the first four months of the year, providing the government with more funds to invest in security and agriculture, Finance Minister Guillermo Zúñiga said.
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