Back

Weekly Report - 06 December 2018 (WR-18-48)

COSTA RICA: Alvarado claims major victory

President Carlos Alvarado this week was able to point to a historic victory after Costa Rica’s 57-member unicameral legislature approved his government’s tax reform proposal. Addressing the country’s widening fiscal deficit (which closed at 6.2% of GDP in 2017) had been the main priority for Alvarado’s centre-left Partido Acción Ciudadana (PAC) government since he took office in May given mounting domestic and international concern over Costa Rica’s precarious financial situation. His predecessors, Luis Guillermo Solís (PAC, 2014-2018) and Laura Chinchilla (Partido Liberación Nacional [PLN], 2010-2014), had notably both tried and failed to pass a comprehensive tax reform.

End of preview - This article contains approximately 707 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.