Slight Financial Surplus Logged in First Few Months
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.
You may be interested
Costa Rica, Panama refuse to acknowledge Venezuelan election resultsAFP - May 21, 2018
Costa Rica and Panama were two of 14 countries in the Americas to announce they would not acknowledge the results…
5 questions for US painter Suzahn KingElizabeth Lang - May 20, 2018
Suzahn King's paintings, known for their intricate details, are currently focused on her surroundings in Costa Rica, a country she…