LatinNews Daily - 23 July 2018

Costa Rica: Costa Rica’s finance ministry has released new figures which show that the country’s fiscal deficit reached 2.84% of GDP in the first half of 2018, up from 2.47% registered in the same period the previous year. The country’s fiscal deficit reached 6.2% of GDP in 2017, and it is calculated that it will reach 7.1% of GDP this year if a tax reform – a major priority for the new Partido Acción Ciudadana (PAC) government led by President Carlos Alvarado - is not passed, according to central bank (BCCR) projections.

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