Caribbean & Central America - December 2015 (ISSN 1741-4458)

There are only so many times that the term ‘fiscal emergency’ can be applied to the state of Costa Rica’s finances before the words start to lose their impact. Costa Rica’s finance minister, Vice-President Helio Fallas, was using the term again in late November, insisting that fiscal reform could not be put off anymore. This has been the case for several years now and yet it is constantly put off: governments insist that the legislative assembly must implement its proposed tax reforms; legislators respond that the government must cut wasteful spending.

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