Fiscal Deficit Up 70% in Costa Rica

©image: Tim Snell

State revenues are still below 2008 levels, and spending has increased considerably, mainly in salaries, social programs and pensions.

Between January and August 2010, revenues summed $3.35 billion while expenses $4.3 billion, mostly in salaries, social programs, pensions, scholarships, the special fund for tertiary education, road repairs and municipalities.

Source: Nacion.com

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