Costa Rican public debt feeding into inflation expectations
The central bank says it remains “vigilant” to tensions that may compromise its inflation target
Unrest over Costa Rican public finances continues as the central bank discusses recent economic data in a new report.
According to the preliminary figures released in September, the government registered a financial and primary deficit of 4.5% and 1.9% of GDP, respectively, up from 4% and 1.6% for 2017.
Government debt continued on its upward trajectory in September, reaching 68.2% of GDP. Last month, the central bank warned that without reform, the public debt could reach more than 70% of GDP
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