Costa Rican public debt feeding into inflation expectations

Central Bank of Costa Rica

Unrest over Costa Rican public finances continues as the central bank discusses recent economic data in a new report.

According to the preliminary figures released in September, the government registered a financial and primary deficit of 4.5% and 1.9% of GDP, respectively, up from 4% and 1.6% for 2017.

Government debt continued on its upward trajectory in September, reaching 68.2% of GDP. Last month, the central bank warned that without reform, the public debt could reach more than 70% of GDP

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