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Weekly Report - 07 June 2018 (WR-18-22)

COSTA RICA: Alvarado goes straight for fiscal deficit

President Carlos Alvarado has hit the ground running in an attempt to resolve the most pressing challenge in Costa Rican politics since the turn of the millennium which has eluded four successive governments: the ever-widening fiscal deficit. Alvarado has signed four decrees, five directives, and sent two bills to the legislative assembly. All these measures are designed to rein in public spending and boost taxes in an endeavour to get public finances back on to a sound footing.

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