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Costa Rica’s President Says Cutting the Deficit Will Be His Legacy
Bloomberg 8 hrs ago Michael McDonald
(Bloomberg) Costa Rica’s president says he’ll bring an end to years of excess government borrowing, even if it hurts his popularity.
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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.
“One of the legacies I want to leave this country and particularly the future generations is fiscal stability and fiscal responsibility,” he said in a video interview. “Put all the political capital on me. It’s my fault, if you will, but this needs to be enforced.”