Costa Rica’s President Says Cutting the Deficit Will Be His Legacy
- Carlos Alvarado says he’ll take tough, unpopular measures
- Government can pass $1.78 billion IMF deal, Alvarado says
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Costa Rica’s president says he’ll bring an end to years of excess government borrowing, even if it hurts his popularity.
With just over a year left in office, Carlos Alvarado is fighting to pass spending cuts and tax increases, and narrow the fiscal deficit which brought the country to the brink of crisis two years ago. He’s also pushing for approval of a program with the International Monetary Fund.