Costa Rica's 2026 Extraordinary Budget Worsens Fiscal Deficit, Primary Surplus Erased

Costa Rica's Contraloría warns that the second extraordinary budget for 2026 will cause the financial result to deteriorate by half a point of GDP, increasing the deficit from 4.3% to 4.8% of GDP, and eliminating the primary surplus for the first time since 2021. This marks a significant fiscal reversal after years of consolidation, raising concerns about debt sustainability and market confidence.