LatinNews Daily - 16 March 2021

In brief: Costa Rica’s fiscal deficit inches up

* Costa Rica’s finance ministry has released new figures which show the country’s fiscal deficit as of February was ¢451.18bn (US$740m), representing 1.2% of GDP – an increase of ¢89.7bn on the deficit registered at the same point in 2020 when it represented 1.09% of GDP. According to the same press release, interest payments represented 75% of the deficit, equivalent to 0.91% of GDP. As of February this year, public debt was ¢25,133bn (67% of GDP). Last year, following the impact of the coronavirus (Covid-19) pandemic, Costa Rica posted a fiscal deficit of 8.1% of GDP, and a public debt of 67.5% of GDP.

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