Costa Rica had a 2007 surplus
Thursday, January 17, 2008
For the first time in more than five decades, Costa Rica ended 2007 with a fiscal surplus of $173.5 million, equivalent to 0.65 percent of gross domestic product,the Ministry of Finance reported today.
Guillermo Zuniga, minister of this portfolio, explained in a press conference that this surplus is due to a strong increase in the collection of taxes, which this year totaled 4,105 million dollars, 28.5 percent more than in 2006.
Sin embargo, los gastos también crecieron, pasando de 3.356 millones de dólares en el 2006 a 3.934 millones el año pasado, un 17,2 por ciento más.
Source: aldia.co.cr
Source: aldia.co.cr
More on this topic
Colon Free Zone: Surplus of $877.2 million in Five Months
September 2012
During the first five months of 2012, the Colon Free Zone in Panama registered a trade surplus of $870.2 million.
A press release from the Ministry of Economy and Finance of Panama reads:
Bank of Guatemala with surplus
September 2008
2007 was the first time in almost 30 years that the Bank of Guatemala reported a surplus ($28 million) in its Income Statement.
Returns being generated by international reserves show that 2008 will also close with a surplus in the financial balances.
Costa Rica records US$230 million first-half surplus
July 2008
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.
"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.
Costa Rica records US$173 million fiscal surplus through April
May 2008
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.
Thanks to the surplus, Costa Rican will face no problems in achieving its state spending objectives for this year, Zúñiga said. Besides agriculture and security, more funds would also be available to fight poverty.
Key entities
Guillermo Zúñiga Treasury Secretary of Costa Rica
Insight
Economics Finance
RELACIONADO
Economics
Treasury Secretary of Costa Rica
Guillermo Zúñiga
Banking
Central Bank of Costa Rica
Daily Update Government PurchasesDownload brochure (only in spanish)Trade Inteligence Subscriber Access NewsletterContact Us MarketDataMexico Español
2008-2022 © CentralAmericaData.com
Trade InteligenceWho we areContact Us