Costa Rican central bank pulled into fiscal debate

Central Bank of Costa Rica
Photo: Haakon S Krohn/Wikimedia Commons

The Costa Rican central bank has been dragged into a debate between two parts of the government about how the country’s fiscal rule should be calculated.

Two government departments, the Treasury and the comptroller general, disagree on how the fiscal rule should be calculated. The Treasury argues that the fiscal rule should be based on budgeted expenses and not executed expenses, while the comptroller thinks it should be calculated on executed expenses.

Using the former would allow the

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