CR Today
Foreign investment grew 42% in the first quarter
Direct foreign investment registered a 42% growth rate compared to the same period in the previous year. According to the Minister of Foreign Trade, the figures reflect the outstanding performance of the Costa Rican Foreign Trade Promoter, [in Spanish: PROCOMER], in attracting and promoting investment.
See:
https://www.larepublica.net/noticia/inversion-extranjera-crecio
La República Newspaper
Economists from the National University of Costa Rica estimate that the fiscal deficit in 2024 will be greater than the previous year
During 2024, the fiscal deficit will be greater than that of 2023, affirm economists of the National University of Costa Rica [in Spanish: UNA]. This is supported by a decline in tax revenue and an increase in public expenditure in the first four months of the year. Consequently, they consider that the most restrictive measures of the tax revenue target must remain in effect for another year, thereby curtailing capital expenditures and salary adjustments for the public sector.
See:
https://www.larepublica.net/noticia/deficit-fiscal-del-2024
Interest rates will remain high for the rest of the year because of global inflation, affirms Gerardo Corrales
Since the Central Bank decided to limit the monetary policy interest rate to 4.75%, this will cause interest that is paid on loans to remain high during the rest of the year, as indicated by Gerardo Corrales, economist of the newspaper: Economía Hoy.
See:
https://www.larepublica.net/noticia/tasas-de-interes-seguiran-altas-por-inflacion-global
Diario Extra Newspaper
Revenue drops because of vehicle tax, in spite of a record in new car imports
In spite of the boom in new car imports, the vehicle tax is showing a decline. According to Fernando Rodríguez, an economist of the National University, 2023 provided greater access to people in terms of paying for overdo periods with no late fees, and as such, there was more tax being collected on these vehicles. The aforementioned tax represents the fourth most significant tax, which in turn has had an effect on total government revenue.
See:
https://www.diarioextra.com/Noticia/detalle/524735/recaudacion-por-impuesto-a-la-propiedad
El Observador Newspaper
Inflation in Costa Rica reached -0,03% in June and remains in negative territory, but it approaches zero-bound
For the 13th month the country has been marked by deflation. However, it is still outside of the tolerance range, for which reason the Central Bank of Costa Rica, [in Spanish: el Banco Central de Costa Rica], (CCR), estimates that in the first quarter of 2025, general and core inflation will finally be restored to the tolerance range, although this prediction has constantly changed since January 2023.
See:
https://observador.cr/inflacion-en-costa-rica
