Monday 14 June 2021

Which Public Institutions Spend Most On Wages?

The Ministerio de Educación (MEP) – Ministry of Education – tops the list of the 10 top public institutions spending the most on wages, followed by the Caja Costarricense del Seguro Social (CCSS) – Social Security in Enlgish.

According to the report by El Financiero, the MEP spends ¢991.7 billion colones annually on wages, while the CCSS ¢976.1 billion. See chart below.

Following the list (in order) are the Poder Judicial (Judiciary) with ¢255.2 billion; the Universidad de Costa Rica (UCR) – Costa Rica’s main university with ¢132.7 billion; the Ministerio de Seguridad (nation’s security), with ¢123.6 billion; the Banco Nacional (BN) at ¢111.9 billion; the Banco de Costa Rica (BCR), ¢93.4 billion; the Banco Popular, ¢95.9 billion; the Ministerio de Justicia*, ¢62.5 billion; and the Fuerza y Luz (power and light company), ¢59.3 billion.

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However, if ordered by public institution with its percentage of the annual budget consumed by salaries, the Poder Judicial tops the list with 88%, the MEP with 63% and CCSS with 40% of its spending on salaries.

The Banco Nacional, Banco de Costa Rica and Banco Popular are the country’s three of four State owned banks and have a combined salary spending of ¢268 billion.

MEP-encabeza-lista_ELFIMA20130924_0014_1

Source: El Financierio

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* In Costa Rica the Ministerio de Justicia is responsible, among others, for the country’s prison system, the comprehensive prevention of violence and crime, the promotion of culture of peace through alternative dispute resolution, and to be the legal representative of the Government of Costa Rica, as well as being a consultant of the Public Administration.

The literal translation of Justicia is Justice. Howeveer, this is not to be mistaken with, for example, the Department of Justice in the United States, that is the primary federal criminal investigation and enforcement agency, or Canada’s Minister of Justice that is responsible for the Department of Justice and is also Attorney General of Canada.

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FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

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