Monday 6 February 2023

Legislators breaking new Assembly floor by cutting annuities for officials

Paying the bills

Latest

Drivers get the scare of their lives on route 27 due to the fall of a huge stone

QCOSTARICA - A huge falling rock that narrowly reached...

Two new foci of avian influenza detected in Costa Rica

QCOSTARICA - Two foci of avian influenza were confirmed...

Daniel Ortega proposes that all countries have their “atomic weapon”

Q24N (EFE) The president of Nicaragua, Daniel Ortega, stated...

Online Casinos vs. Sports Betting: Which is Better for You?

Let's break this issue down into two main industry...

Reasons to use Crypto while gambling

Of course, it's hard not to pay attention to...

Why did the price of bread drop? Global and local conditions drive sales

QCOSTARICA - The Musmanni chain of bakeries applied a...

Ruta 27 tolls drop on February 10

QCOSTARICA - As of 12:01 am on Friday, February...

Dollar Exchange

¢567.55 Buy

¢576.23 Sell

4 February 2023 - At The Banks - BCCR

Paying the bills

Share

QCOSTARICA – One of the first laws that the legislators will approve in the new Legislative Assembly building is the one that eliminates the payment of annuities for public officials in 2021 and 2022, as a result of the weak fiscal situation triggered by the COVID-19 pandemic.

This week, legislators moved into the new Congress

Days before leaving the facilities of the old Congress, 32 legislators approved the bill, however, their second debate was truncated due to the move from the ol legislative headquarters and on Monday, in the new Legislative Assembly floor (plenario in Spanish) when the discussion and final vote is resumed.

The bill eliminates the payment of annuities to officials of the Executive Branch, including ministries and decentralized institutions, as well as to the Legislative and Judicial powers, their auxiliary institutions, and the Tribunal Supremo de Elecciones (TSE) – elections tribunal and civil registry.

- Advertisement -

These institutions will not be able to budget any annuitie payments in 2021 or 2022.

The Executive Branch estimates that this saving would be ¢44 billion colones (about US$75 million dollars) which would be injected into the National Emergency Fund to address the crisis due to the COVID-19 pandemic.

Initially, the government’s idea was to eliminate the payment of annuities in 2020, however, the proposal was not approved before June 1 when the payment was applied.

The measure will also be applied in the autonomous entities (such as ICE and AyA), State companies (such as RECOPE) and the municipalities.

The Treasury will only be able to use that money to finance expenses that, at the moment, are planned to be covered with internal debt.

- Advertisement -
Paying the bills
Avatar photo
Q Costa Rica
Reports by QCR staff

Related Articles

MOPT Minister in “hot seat” over RTV

QCOSTARICA - The Minister of Public Works and Transportation (MOPT), Luis...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.