More Warnings Over Fiscal Deficit

Standard & Poor’s maintained Costa Rica’s debt rating at BB, but warned that it could lower it this year if the next government (on May 8) does not take measures to resolve the fiscal problem.
In its review of the long-term debt rating and in the short term, the rating agency again pointed out that due to the absence of a fiscal reform, public finances continue to erode, limiting the possibilities of long-term growth and increasing vulnerability to external shocks.
S&P ensures that the probability of a reduction in the debt in the course of this year is 33%, if the new government in May fails to address the problem of public finances.
Persistent and high fiscal deficits could result in lower GDP growth, a higher debt

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