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| dc.title | Costa Rica: Preconditions for the Establishment of a Fiscal Rule that includes a Structural Fiscal Balance Component |
| dc.contributor.author | Rivas, Carlos Gabriel |
| dc.contributor.orgunit | Fiscal and Municipal Management Division |
| dc.coverage | Costa Rica |
| dc.coverage | Central America |
| dc.coverage | The Caribbean |
| dc.coverage | South America |
| dc.date.available | 2013-08-09T00:00:00 |
| dc.date.issue | 2013-07-01T00:00:00 |
| dc.description.abstract | This paper discusses whether the preconditions for implementing a fiscal rule that includes a structural fiscal balance component are met in Costa Rica. It concludes that from the 11 preconditions, the country does not meet one, and three others are fulfilled only partially: Costa Rica needs a tax reform in order to ensure debt sustainability; international reserves should be increased further; public infrastructure requires more investment; and some financial institutions need to be recapitalized to guarantee the soundness of the financial system. |
| dc.format.extent | 60 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0006961 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Costa-Rica-Preconditions-for-the-Establishment-of-a-Fiscal-Rule-that-includes-a-Structural-Fiscal-Balance-Component.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Monetary Policy |
| dc.subject | Fiscal Policy |
| dc.subject | Fiscal Rule |
| dc.subject | Public Expenditure |
| dc.subject | Government Revenue |
| dc.subject.jelcode | E62 - Fiscal Policy |
| dc.subject.jelcode | H60 - National Budget, Deficit, and Debt: General |
| dc.subject.keywords | Fiscal Policy, Fiscal Rules, Structural Fiscal Balance Rule |
| dc.type | Discussion Papers |
| idb.identifier.pubnumber | Discussion Papers |