As of Tuesday, the Costa Rican government’s debt to the Social Security System (Caja) has been paid off. The National Treasurer’s Office of the Finance Ministry handed over ¢16.2 billion ($32 million) of internal debt to the Caja.
This was the last payment by the government to pay the Caja the ¢85 billion ($167 million) owed to the system. The first payment took place on Aug. 13 for ¢54 billion ($106 million). Six days later the government paid an additional ¢15 billion ($29.4 million).
“We achieved our promise with the Caja. We reaffirmed our interest to overcome the financial difficulties that the Caja is facing,” said Finance Minister Fernando Herrero in a ministry press release.