No tax reduction in Costa Rica
- Tuesday, December 30, 2008
The increase in spending will also generate a greater deficit, but the advantage, according to Zuniga, is that the works will be financed with external funds.
Source: Nacion.com
Source: Nacion.com
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High Debt Limits Public Investment August 2019
The proportion of public debt to GDP is about to reach 60%, the maximum limit allowed by law, which will force the government to restrict capital spending in the coming years, in order to avoid further deterioration of public finances.
The Treasury authorities indicated that at the end of 2019 the country's public debt will represent 59% of production, adverse scenario for investment, because according to the fiscal rule, when the proportion reaches 60% will affect capital spending, since the government must begin to contain expenditures. -
The Fall of Public Investment in Costa Rica March 2013
In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.
Nacion.com reports that "The Comptroller General's Office warned, in its report on the 2013 public budget, of a reduction facing planned investment in the non-financial public sector in respect to production, especially between 2010 to 2013. " -
Guatemala: Strategy to Increase Investment Unveiled August 2010
The plan will enable the state to invest more resources in infrastructure, security, human capital and innovation.
The strategy presented by the Guatemala's "National Competitiveness Program" (Pronacom), suggests modifying the country's tax on income (ISR in Spanish) so that more individuals are eligible, as well as bring into force the so-called anti-evasion law (currently in congress). -
Fiscal situation worries El Salvador officials July 2008
The government of El Salvador is proposing to increase the level of public investment.
The nation's fiscal situation is one of the biggest problems the new governemt will face, according to an economic analysis done by Carlos Acevedo, an economist from the United Nations Development Program (UNDP); Roberto Rubio, executive director of the National Foundation for Development; and economist Alex Segovia.