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Costa Rica's economy was historically based on agriculture, and this has had a large cultural impact through the years. Costa Rica's main cash crop, historically and up to modern times, was Bananas. The coffee crop had been a major export, but decreased in value to the point where it added only 2.5% to the 2013 exports of the country. [61]
The pattern of public expenditure and revenue in Costa Rica is typical of a middle income country. According to the CIA World Factbook, in 2012, central government revenue was US$6.949 billion, while expenditure was $8.937 billion. [1] In recent years, expenditure has grown faster than income, producing deficits.
The Ministry of Finance of (Spanish: Ministerio de Hacienda)) Costa Rica is the government ministry of Costa Rica in charge of governing the fiscal policy on public resources, according to the principles of economy, efficiency and effectiveness.
Costa Rica (UK: / ˌ k ɒ s t ə ˈ r iː k ə / ... Other fiscal reforms were also recommended to moderate the budget deficit. [62] Many foreign companies ...
Map of Costa Rica. The World Bank and Costa Rica have two active projects as of December 2018. The World Bank has been able to claim Costa Rica as a developmental success. Although Costa Rica has been actively working on reform to better the country and has the lowest poverty rate in Central America, it still remains a developing nation, due to a slowdown in economic expansion, lack of job ...
The Economic Miracle of Ochomogo refers to the unprecedented economic growth between 1949 and 1980 that the Costa Rican economy underwent after the great economic and social reforms imposed by the Founding Junta of the Second Republic in 1949 as the aftermath of the 1948 Costa Rican Civil War. During this period life expectancy doubled from 47 ...
The Reform State; COVID-19 pandemic in Costa Rica; Costa Rica Portal: The Constitution of Costa Rica is the supreme law of Costa Rica. ... fiscal, monetary, credit ...
The president of Costa Rica, Carlos Alvarado Quesada, announced Chaves as the new Minister of Finance on 30 October 2019; however, it was not until 26 November of that year that he took office and indicated that his priorities would be to ensure compliance with fiscal laws, increase the collection of existing taxes, combat tax evasion and continue with the containment of public spending.