World Bank supports Costa Rican spending cuts

The World Bank expressed support Thursday for the spending cuts proposed by the government of Costa Rica to address the country’s fiscal deficit, which has reached 6.2 percent of GDP.
Finance Minister Rocío Aguilar visited the Legislative Assembly Wednesday to present a package of drastic cuts that includes a public hiring freeze, salary freezes for senior public officials, and reductions to the government’s budget for travel expenses, propaganda, travel and events.
“The major challenges that Costa Rica

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