American Expatriate Costa Rica

Legislators ratified 2 extraordinary budgets

After a second-reading approval, legislators ratified the first 2 extraordinary budgets for the second half of the year.

The first budget is for 103 billion colones, which includes a reduction of ¢ 25,818 million, corresponding to increases in salaries and pensions that will not be used because they were calculated based on a rate higher than inflation by the end of 2015.

The second budget is for 21,850 million colones and corresponds to funds that the government, by law, must turn to municipalities for maintenance of the cantonal road network.

crhoy.com