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Costa Rica Approves Budget for 2012 and 2013

Article Summary:

Costa Rica government officials will be on a strict budget for 2012 and 2013 as the spending plan for the next two years was approved with ¢ 25,000 million less in funding.

Original Article Text From El Financierocr.com:

National budget received final approval
30/11/2011 9:00 a.m.
Leticia Vindas
The Legislative Assembly approved on second and final debate the national budget of the Republic on Tuesday night with just 17 votes in favor of National Liberation.

The spending plan for next year was approved even though the majority voted against by a provision in the Constitution which requires that the budget receives second debate later than midnight on November 29, even if the majority against said Luis Gerardo Villanueva, a member of National Liberation.

Ruling bloc voted against Francisco Chacon, Sianny Villalobos, Victor Hugo Viquez, Alicia Fournier and Elibeth Venegas.
The approved budget is ¢ 25,000 million less than the provisions of the Executive, ie 0.45% less.

The aim of the opposition “Alliance for Costa Rica” was initially cut about ¢ 54,000 million, Luis Fishman, president of the Fiscal Commission proposed a reduction of ¢ 34,000 million, while the Government’s latest proposal was ¢ 31,000 million.

Link to Original Article:

From El Financierocr.com via Google Translate

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