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

ECONOMIC OVERVIEW: COSTA RICA

Solís warns of need for higher tax revenue: While President Luis Guillermo Solís has indefinitely postponed discussion of public sector salary reform (see related article) on 31 July he argued that new sources of government income were urgent. The country could not cope “one year more” without the legislative assembly approving new taxes. Solís made his appeal ahead of a series of extraordinary sessions of congress in which the executive will have the authority to determine the agenda of legislative bills up for discussion.

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