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Costa Rica is the region's toughest fiscal nut to crack

Monday, September 17, 2018

The fiscal deficit in all of the Central American countries has grown, except for Nicaragua because if faces serious problems of public spending as a result of its crisis on several fronts.

But deficit concerns are highest in Costa Rica, because no consensus has yet emerged on a structural fiscal reform and it has the biggest deficits, and highest spending and interest payments in all of the region.

This year the Costa Rican government is expected to end the year with a 7 percent deficit, meaning that the nation's debt will reach 53.4 percent of GDP.