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Costa Rica faces new challenge as tax income collapses

Monday, August 13, 2018


A trend toward slower growth in the government's income from taxes has been causing serious concern since mid-year.

The increase is a mere 1 percent a year, the lowest since June 2009 at the height of the international crisis and very much lower than the 6.8 percent recorded in the first half of 2017.

So the Finance ministry has another problem on its plate. More bond issues will be required, though the confidence of investors has already been stretched.