If the bill presented by legislator Epsy Campbell is successful, public universities would be required to reserve 50% of their quota of the most demanded majors. Campbell explained that the top 10 students from each institution will be prioritized. However, they would not be exempt from complying with the requirements and tests for admission in […]
Archives for June 2, 2016
Three companies are vying for building interoceanic railway
Three companies are vying for the concession to build a 200-mile interoceanic railway in northern Costa Rica. The railway route would cover in 4 hours the distance from Limón, on the Caribbean coast, to Guanacaste, on the Pacific. The project, valued at $16 million, is intended to transport goods. The bidding process office reported that […]
Congress overrides Ligia Fallas obstacles
The congress unanimously invalidated obstacles imposed by legislator Ligia Fallas on the operation of the three committees with legislative authority. With 41 votes in favor, the congress rejected 10 motions filed by Fallas to cripple all projects by passed on by the plenary to these parliamentary bodies. Afterwards, the three commissions returned to work on […]
President said a fiscal deficit of 10.5 percent calls for “violence”
President Luis Guillermo Solís said that if his tax reform is not approved, the next government could face a deficit of 10.5 percent. The key piece of the government deficit proposal is higher taxes. A measure that has not advanced because of the opposition in the legislature. The tax reform will allow the government to […]
OECD considers fiscal deficit is Costa Rica’s main risk
According to Christian Daude, senior economist at the Organisation for Economic Co-operation and Development (OECD), Costa Rica’s top priority should be finding a solution to the fiscal deficit. Daude noted that there is little progress in the discussion of measures to reduce the fiscal deficit. The legislative is embroiled to decide what to reform. At the […]
Goverment approves ¢500 million project requested by congressman
The government included an allocation of 500 million colones in the extraordinary budget, which will be used to build the first stage of the municipal gymnasium of Paraiso in Cartago, the town of congressman Jorge Rodriguez, from the party Unidad Social Cristiana (PUSC). When asked by the press, Rodriguez acknowledged that he had directly asked […]