Slight Financial Surplus Logged in First Few Months

May 25, 2007

Costa Rica closed out the first four months of 2007 with a financial surplus of almost $1 million, in part because of a 32.6% increase in income over the same period during 2006, according to Finance Minister Guillermo Zúñiga.

From January to April, the government’s total income reached almost $1.2 billion, and its spending was slightly less than this amount, creating a favorable balance.

During the first four months of the year, the government spent 19.4% more than last year, especially in salaries, pensions and superior education, Zúñiga said.

Its main sources of income were Customs tariffs and taxes on income and sales. The minister said the surplus is “product of a dynamic of growth in income, controlled growth of spending’’ and the dynamic of the country’s debt.

 

Facebook Comments

You may be interested

Mexico opens border to women and children from migrant caravan
Honduras
1086 views
Honduras
1086 views

Mexico opens border to women and children from migrant caravan

AFP - October 20, 2018

Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…

Venezuela accuses Costa Rica of ‘subordination’ to U.S.
Costa Rica
1846 views
Costa Rica
1846 views

Venezuela accuses Costa Rica of ‘subordination’ to U.S.

AFP - October 20, 2018

Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
2154 views
Changemakers
2154 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry Gladstone - October 20, 2018

Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…