End of preview - This article contains approximately 110 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 11 December 2020
In brief: Costa Rica gov’t warns of steep drop in tax take
* Costa Rica’s finance ministry has released new figures which show that to November 2020, there was a drop in revenue of ₡487.59bn (US$810m), equivalent to 1.4% of GDP. This represents a drop of 11.6% in tax take compared with November 2019. The ministry said that this was the biggest fall in the last 13 years. The figures also show that the fiscal deficit closed November 2020 at 7.7% of GDP. In a 1 December report the Organisation for Economic Co-operation and Development (OECD) said it expects Costa Rica’s fiscal deficit to widen to around 9.5% GDP in 2020, up from 6.96% in 2019.
- CUBA: Gov’t confirms end to dual currency
- PERU: Congress moves to end immunity
- In brief: Pandemic controls hit businesses hard in Venezuela
- BRAZIL: Country’s international isolation increases
- In brief: Brazil’s retail sector accumulates positive result in 2020 so far
- In brief: Costa Rica gov’t warns of steep drop in tax take
- MEXICO: Coparmex warns of risks posed by Banxico reform
- In brief: Pension reform approved in Mexico
- ARGENTINA: Fernández backs judicial reform recommendations
- In brief: Argentina to auction US-dollar-denominated bonds