The Ministry of Finance reported that the total revenues of the Central Government reached ₡5,585.328 billion at the end of September 2026, the highest figure recorded for a third quarter in the last 20 years. However, the institution noted that these resources still prove insufficient to meet the country's needs and commitments without generating pressures on public finances.
During September, tax revenues totaled ₡711.738 billion, representing a 3% growth compared to the same month of 2025. However, the accumulated collection remains below that recorded during the same period last year.
In light of this situation, the Treasury maintains the monitoring and control measures implemented by the General Directorate of Taxation, the National Customs Service and the Fiscal Control Police, with the aim of combating smuggling and tax evasion. Furthermore, it continues to promote legislative initiatives to strengthen the powers of these agencies and improve tax collection.
Regarding the management of public finances, the Ministry highlighted that the EMBI country risk indicator stood at 137 basis points at the end of September, reflecting a favorable perception of the risk of Costa Rican debt in international markets.
On the other hand, the main rating agencies keep Costa Rica two steps away from the investment grade. Standard & Poor’s and Fitch assign a rating of BB, while Moody’s maintains a rating of Ba2, with stable, positive and stable outlooks, respectively.
The Treasury reiterated that it will continue strengthening the tax collection mechanisms and maintaining control over public spending to improve the sustainability of the Central Government’s finances.
For more context on the evolution of public finances this year, see also: Tax revenues increase and the Treasury reports a primary surplus at the end of the third quarter.