Weekly Report - 19 April 2012 (WR-12-15)

COSTA RICA | Fiscal reform abandoned. Hopes raised by the preliminary approval [WR-12-14] of Costa Rica’s fiscal reform last month have once again proven in vain - this time conclusively. On 10 April the supreme court’s constitutional (IV) chamber found the fiscal reform “unconstitutional”. Based on procedural mistakes and “substantial” errors, the ruling is one of the biggest setbacks to President Laura Chinchilla since taking office in May 2010. It is unlikely that the ruling Partido Liberación Nacional (PLN) will be able to rescue the bill because it would have to return to the committee stage and all (2,500) motions would have to be debated again before another (first) vote can take place.

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