LatinNews Regional Monitor: Caribbean & Central America - 11 April 2019

* Costa Rica’s finance ministry has published new figures which show that the fiscal deficit for the first quarter of 2019 was 1.51% of GDP. Back in December 2018 the government led by President Carlos Alvarado pushed through a fiscal reform, due to come into force on 1 July 2019, which, among other things, replaces the current 13% sales tax with a 13% value-added tax (VAT) and increases the number of products and services to be taxed. Costa Rica’s finance ministry has released new figures which show the country’s fiscal deficit closed at 6% of GDP in 2018, down from the 7.2% forecast.

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