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Costa Rica imposes 20 percent cuts on public spending to avert fiscal crisis

Wednesday, February 16, 2011

The Costa Rican government of Laura Chinchilla set up a series of sharp cuts in public sector spending.

The cuts have been imposed to thwart a fiscal crisis. They mean immediate reductions of 20 percent in budgets of state institutions.

Cuts are being imposed in areas such as travel expenses and transport, support and consultancy services; food and drink; advertising and propaganda, and general expenses.

Original source (in Spanish): La República