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Weekly Report - 17 August 2017 (WR-17-32)

COSTA RICA: Closing the fiscal deficit

The government led by President Luis Guillermo Solís presented a bill to strengthen public finances to the legislative assembly on 10 August. It follows the declaration by Solís days earlier that urgent measures were necessary to prevent Costa Rica succumbing to “liquidity difficulties” [WR-17-31]. The economy grew by 4.1% in the first half, the central bank announced this week, but the fiscal deficit for 2017 is projected at 6.1% of GDP.

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