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Nicaragua Slashes Budget Due To Socio-Political Unrest

The Asamblea Nacional de Nicaragua (Nicaragua’s National Assembly) on Tuesday approved a drastic cut to the national budget because of the economic impact of months of anti-government unrest. The legislators approved a 9.2% reduction of the Ley Anual de Presupuesto General de la República 2018...

Legislative Committee Approves Cuts in Budget

QCOSTARICA - The Fiscal Affairs Committee of the Legislative Assembly passed out a second Extraordinary Budget cutting ¢62 billion colones from the bloated budget it approved last November. The 2015 budget was a record ¢7.9 trillion colones, heavily lobbied by President Solis but opposed by...

Government Planning ¢61 Billion Cut

QCOSTARICA - Finance Minister Helio Fallas announced this week that the government plans to make ¢61 billion colones in spending cuts to the budget it will submit to the Legislature in the comin days. In November, the Solis Administration maneuvered through with legislative slight...

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