Costa Rica reduces its debt and marks a historic fiscal milestone in 2026

Costa Rica begins 2026 with positive signs in its finances: Central Government debt fell to 59.2%of GDP and interest payments dropped by 22.8%, marking a historic milestone according to the Ministry of Finance. For the fifth consecutive year, a primary surplus was recorded, although the 6.1% drop in tax revenue represents…

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Costa Rica begins 2026 with positive signs in its public finances. According to the most recent report from the Ministry of Finance , la deuda del Gobierno Central se redujo a un 59,2% del Producto Interno Bruto, retomando su tendencia a la baja y ubicándose por debajo del 60%.

One of the most relevant figures is the sharp drop in interest payments, which decreased by% 22.8% compared to the same period last year, representing a significant relief for the country's finances.

In addition, Costa Rica achieved a primary surplus of ₡10,768 million, marking the fifth consecutive year in which revenues exceeded primary expenses, a result not seen in more than a decade.

However, not all is positive. Tax revenues registered a drop of 6.1%, which highlights challenges in tax collection and limits the government's room to maneuver.

In the international environment, markets are reflecting greater confidence in Costa Rica, with a perception of lower country risk compared to other emerging economies.

In summary, the country is moving towards greater fiscal stability, although significant revenue generation challenges remain.

This is a news service prepared by ICS. For more information about the story, write to info@ics.cr or call 2519-9992 ICS, tax specialists.

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