Costa Rica: Tax Panorama - February 2016

The 8% growth in total government revenue was not enough to reduce the financial deficit, which at the same period reached 1% of GDP.

Wednesday, March 23, 2016

From a statement issued by the Ministry of Finance in Costa Rica:

By February 2016, the increase in expense figures was lower than those shown in the growth of tax revenues. This was announced by the Ministry of Finance, when it released the fiscal results at the end of the second month of this year, when expenses grew by 7.8% and total revenue increased by 8.2% with respect to the previous year.

The growth of current expenditures up to February 2016 was 4.1%, lower than last year, which stood at 5.1%. Capital expenditures had a significant increase of 127.5%, this is explained mainly by transfers to CONAVI for the Road Infrastructure Project (PIV I).

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