The Comptroller General of the Republic, Marta Acosta, warned about the serious consequences of not approving the current fiscal plan in the second reading in the Legislative Assembly.
Although the warnings about what this would imply is a speech that Costa Ricans have heard since the administration of Laura Chinchilla and Luis Guillermo Solís, Acosta estimated that at that time the fiscal situation had not yet implied that, for the Executive Power to work, the indebtedness of an ordinary budget had to reach 53%.
That is to say, for 2019, of the 10.9 trillion colones that the government requires for its operation, more than half will be financed by debt, and only 4.7 trillion colones through taxes. Acosta stresses that 41% of that budget will be for the payment of debt and interest.
The comptroller gave her statements after the hearing with the Committee on Finance Affairs where she explained about the budget and the liquidity problems they face.
For the Comptroller, postponing the decision on the fiscal plan would not be the right path because it shows a financial deficit of 8%.
This implies that the Government would have to take money from specific items to cover the debt, including expenditures for infrastructure and social spending.
Therefore, without a law that applies new taxes and without withholding of expenditure, the Executive Power will be left without fresh resources for its operation.