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Costa Rica Abandons Hope of Meeting Fiscal Deficit Goal in 1996

LADB Article ID: 55561
Category/Department: Costa Rica
Date: 1996-08-22
By: LADB Staff

After months of urging spending cuts on government departments and autonomous state agencies, the Treasury Ministry announced that there was no hope of pushing the fiscal deficit down to 0.5% of GDP, a goal that the government had set in an agreement with the International Monetary Fund (IMF).

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