QCOSTARICA – The Costa Rica economy is a time bomb, where increased debt accelerates the countdown, says a report by La Republica.
It is expected that the deficit this year will be lower than in 2015; however, the efforts made so far is like covering your eyes from the sun with one finger, writes Javier Adelfang in the article published Monday.

The country is facing an enormous economic challenge that could result in a financial crisis as debt continues to increase and little is being done to create new sources of income. Adding to the situation is the refusal of the opposition to approve the tax reform that will generate new revenue, the government’s refusal to spending cuts and a “negative” tax collection due to tax evasion,

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