Report No. 360-CR Economic Report of Costa Rica (In Two Volumes) Volume II Statistical Appendix March 15, 1974 Latin America and the Caribbean Regional Office Not for Public Use Document of the international Bank for Reconstruction and Development International Development Association This report was prepared for official use only by the Bank Group. It may not be published, quoted or rited without Bank Croup authorization The Bank Group does not accept responsibility for the accuracy or completeness of the report. FILE COPY EQUIVALENTS AND SYMBOLS Currency Official Exchange Rate: Free Exchange Rate: US$1.00 = 6.68 Colones (0) US$1.00 - 08.60 0.00 - $0.1497 01.00 - $0.1163 01,000 = $149.7 01,000 - $116.3 01,000,000 = $149,700 61,000,000 - $116,300 Measures and Weights 1 square kilometer - 100 hectares - 247 acres 1 manzana - 0.699 hectares - 1.727 acres - 1 metric ton = 2,204.6 pounds = 21.74 quintals 1 short ton = 2,000 pounds - 0.907 metric tons 19.72 quintals 1 quintal (C.A.) = 46 kilograms - 101.5 pounds 1 coffee bag (regular) - 60 kilograms - 1.3 quintals 1 banana box = 42 pounds - 19.05 kilograms VOLUME II STATISTICAL APPENDIX I. Population, Employment and Income Distribution II. National Accounts III. Balance of Payments IV. External Public Debt V. Public Finance VI. Money and Credit VII. Agriculture VIII. Indus try IK. Prices and Wages X. Tourism and Transportation  STATISTICAL APPENDIX Table Number I. POPULATION, EMPLOYMENT AND INCOME DISTRIBUTION 1.1 Population, Birth, and Death Growth Rates, 1927-99. 1.2 Distribution of Population by Sex and Age Groups 1950-80. 1.3 Distribution of Population and Internal Migration, 1950, 1963 and 1967. 1.4 Family Planning Indicators, 1966-72. 1.5 Economically Active Population, Employment and Age Structure of Unemployed, 1950-70. 1.6 Distribution of Economically Active Population by Economic Sector and Occupational Group, 1950-67. 1.7 Sectoral Distribution of Employment, 1963 and 1967. 1.8 Visible Underemployment of Employed Population, 1967. 1.9 Unemployment in San Jose Metropolitan Area, January 1973. 1.10 Income Distribution Profile, 1971. 1.11 Family Income Classified by Per Capita Income Level and Region, 1971. II. NATIONAL ACCOUNTS 2.1 Summary of National Accounts at Constant Prices, 1960-72. 2.2 Expenditure on the Gross Domestic Product at Current Prices, 1960-72. 2.3 Gross Domestic Product by Industrial Origin, 1960-72. 2.4 Structure of Gross Fixed Capital Formation, 1960-72. 2.5 Gross Capital Formation by Sector, 1968-71. 2.6 Financing Investment, 1965-72. 2.7 Distribution of National Income, 1960-72. 2.8 Summary of National Accounts, Projections 1973-90. III. BALANCE OF PAYMENTS 3.1 Balance of Payments, 1965-7 3.2 Gross and Net Capital Flows to the Public Sector and Public Financial Intermediaries, 1965-72 . 3.3 Net International Reserves of the Banking System, 1965-73. 3.4 Value of Principal Exports, 1962 and 1966-72. 3.5 Value, Quantum and Price Indices of Exports, 1960-72. 3.6 Imports by Type of Goods, 1962-72. 3.7 Terms of Trade Index, 1960-72. 3.8 Direction of Trade, 1965-71. 3.9 Trade with CACM Countries, 1965-71. 3.10 Merchandise Exports Projections, 1973-80. 3.11 Balance of Payments, Basic Projection, 1973-90. 3.12 Balance of Payments, Alternative Projections 1973-90. - 11 - Table Number I. EXTERNAL PUBLIC DEBT 4.1 External Public Debt Outstanding as of December 31, 1972, By Creditor (Repayable in Foreign Currency). 4.2 Past Transactions and Estimated Future Service Payments on External Public Debt Outstanding as of December 31, 1972, By Creditor (Re,payable in Foreign Currency). 4.3 Past Transactions and Estimated Future Service Payments on External Public DebV Outstanding as of December 31, 1972 By Debtor (Repayaole in Fore ign Currency). 4.4 Past Transactions and Esti ted Future Service Payments on External Public Debt Outstanding as of December 31, 1972 By Creditor (Repayable in Local Currency). 4.5 Past Transactions and Estimated Future Service Payments on External Public Debt Outstanding as of December 31, 1972 By Debtor (Repayable in Local Currency). 4.6 Projected Service Payments on Total Estimated External Public Debt (Repayable in Foreign Currency, 1965-90). 4.7 External Debt, Average Terms on New Commitments and Debt Outstanding, 1965-72. V. PUBLIC FINANCE 5.1 Structure and Resources of the Public Sector. 5.2 Public Sector Operations, 1960-72. 5.3 Public Sector Operations, 1972-78. 5.4 Summary Transactions of Public Entities, 1964-72. 5.5 Summary of Principal Public Sector Intra-Sectoral Transfers, 1960-72. 5.6 Summary of Principal Public Sector Intra-Sectoral Transfers, 1972-78. 5.7 Central Government Finances, 1960-72. 5.8 Central Government Revenues, 1960-72. 5.9 Central Government Revenues, 1972-78 5.10 Central Govermient Extrabudgetary Expenditures, 1965-72. 5.11 Central Goverament Total Expenditures By Function, 1965-72. 5.12 Public Sector Domestic Bonded Debt, 1960-72. 5.13 Public Sector Bond Issues. 5.14 Public Sector Domestic Bonded Debt Outstanding with and without Repurchas, Clause, 1965-72. 5.15 Public Sector Debt Service Charges, 1960-72. 5.16 Public DirCt Investment by Sector, 1965-69. 5.17 Public Investment Program by Sector, 1970-77. 5.18 Public Direct Invastment Program, Detailed List by Sector, 1970-77. 5.19 Credit Lines by Sector, 1970-77. 5.20 Summary of the Tax System. 5.21 Number of Income Tax Returns Field, 1964-72. 5.22 Principal icome Tax Statistics, 1964-71. 5.23 Personal Income Tax Statistics by Gross Income Bracket, 1970. .24 Personal Income Tax Schedule and Effective Rates. 5.25 Personal Tncoma Tax Liability at Selected Income Levels. 5.26 company Income Tax Statistics. - iii- Table Number V. PUBLIC FINANCE (con't.) 5.27 Income Tax by Sector, 1970. 5.28 Real Property Tax Statistics, 1960-70. 5.29 Real Property Tax: Distribution of Taxpayers by Amount and Rate of Tax, 1972. 5.30 Real Property Tax Valuation: Tax Office Reappraisals, 1968-72. 5.31 Number of Firms Registered as Taxpayers under Consumption and Sales Taxes, 1968-72. 5.32 Sales Tax: Breakdown of Total Sales and Tax Due by Registered Firms,1971. 5.33 Sales Tax: Sales by Registered Firms According to Economic Sector, 1971. 5.34 Consumption Tax Liability on Domestic Sales by Rate Category, March-October 1972. 5.35 Imports and Import Duties, 1962-72. 5.36 Banana Company Income Tax, 1962-78. VI. MONEY AND CREDIT 6.1' Structure of the Financial System. 6.2 Detailed Accounts of the Financial System, 1966-72. 6.3 Private Sector Financial Assets, 1967-72. 6.14 Financial System Credit to the Private Sector, 1967-72. 6.5 Interest Rate Structure, October 1972. VII. AGRICULTURE 7.1 Number of Farms by Size, 1963. 7.2 Value of Agricultural Production at Current Prices, 1962-72. 7.3 Value of Agricultural Production at Constant 1965 Prices, 1963-72. 7.4 Coffee Production, Utilization and Exports, Crop Years, 1962-72 & 1973-80 7.5 Banana Exportable Production, 1962-72 and 1973-80. 7.6 Cattle Population, Beef Production and Exports, 1962-72 and 1973-81. 7.7 Centrifugated Sugar Production, Utilization and Exports, 1962-80. VIII. INDUSTRY 8.1 Value of Production in Manufacturing by Major Industrial Branches, 1950-72. 8.2 Value Added in Manufacturing by Major Industrial Branches, 1950, 1955, and 1960-72. 8.3 Percentage Distribution of Value Added in Manufacturing, 1950-72. - iv - VIII. INDUSTRY (con't.) 8.4 Gross Value of Industrial Production and Distribution of its Contribution to the Gross Domestic Product, 1960-71. 8.5 Industrial Production, Inputs and Sales, 1965-71. 8.6 Industrial Credit of Commercial Banks, by Amortization Period, 1965-72. 8.7 Import of Manufactured Products by Branch, 1958, 1964, 1968. 8.8 Average Nominal Tariff for Selected Products 1959 and 1967. 8.9 World Estimated Aluminum Supply/Demand Relationship, 1972-77. 8.10 Aluminum Project: Rough Estimates of Production Costs of Alumina. 8.11 .luminum Project: Rough Estimates of Costs, Profits and Taxes of Aluminum Production. 8.12 Aluminum Project Balance of Payments, 1975-2000. 8.13 Aluminum Project: National Accounts, 1975-2001. IX. PRICES AND WAGES 9.1 Price Indices, 1960-73. 9.2 Minimum Wages in Selected Trades, 1960-74. X. TOURISM AND TRANSPORTATION 10.1 Total Number of Foreign Tourists, by Zone of Origin and Type of Transportation, 1960-72. 10.2 Transportation Model Participation, 1960-70. 10.3 Length of Highways by Type and Jurisdiction, 1962-71. 10.4 Highway Income and Expenditures: Current and Capital, 1962-70. 10.5 Vehicle Fleet, 1962-71. 10.6 Composition of Port Traffic, 1966-72. Table 1.1 : COSTA RICA: POPULATION, BIRTH, AND DEATH GROWTH RATES, 1927-99 Natural Mid-year Population Year Birth Death Growth Population Growth (1,000) Rate 1927 47.1 24.0 23.1 489 1930 46.1 23.6 22.5 523 2.3 1935 43.7 23.9 19.8 581 2.1 1940 43.7 18.8 24.9 654 2.4 1945 449. 16.0 28.9 740 2.5 1950 45.2 12.5 32.7 859 3.0 1955 48.9 10.7 38.2 1,028 3.7 1960 47.5 8.9 38.6 1,254 4.0 1965 42.3 8.6 33.7 1,490 3.5 1970 33.2 6.6 26.6. 1,729 2.8 1973 n.a. n.a. n.a. 1,872 2.7 1975 31.0 5.9 25.1 1,968 2.5 1980 30.1 5.7 24.5 2,225 2.5 1985 29.6 5.6 24.0 2,512 2.4 1990 27.5 5.4 22.1 2,822 2.2 1/ Projections Source: Costa Rican Demographic Association and IBRD staff estimates. Table 1.2: COSTA RICA: DISTRUBUTION OF POPULATION BY SEX AND AGE GROOPS 1950-80 Actual Projections 1950 1955 1960 1965 1970 1975 1980 Ag gronn M F Total M F Total M F Total M F Total M F Total M F Total M F Total ( in thousands ) 0-4 83 81 164 104 101 205 126 122 248 150 145 295 - - 322 - - 277 - - 298 5-14 109 112 221 140 139 279 182 177 359 217 211 428 - - 498 - - 595 - - 595 15-19 40 41 81 47 49 96 60 61 121 71 72 143 - - 183 - - 225 - - 270 20-44 137 136 273 152 155 307 177 182 359 211 215 526 - - 493 - - 603 - - 745 45-64 45 44 89 55 52 107 65 63 128 76 75 151 - - 169 - - 203 - - 237 65 & over 15 16 31 17 17 34 19 20 39 23 24 47 - - 57 - - 60 - - 79 Total 429 430 B,591 515 513 1,028 629 625 1,25L 748 752 1,490 868 861 1,729 989 979 1,968 ,1O 1,10b 2,225 ( in percent ) 1950 1955 1960 1965 1970 1975 1980 0-14 44.8 57.1 48.4 58.5 57.8 44.3 40.2 15-64 52.6 59.6 58.5 58.5 48.9 52.4 56.2 35 & more 3.6 3.3 3.1 3.2 3.3 3.3 3.6 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Source: Bulletin of Studies & Statistics, Ministry of Industry & Trade, October 1967; and IBRD staff estimates. Table 1.3: COSTA RICA: DISTRIBUTION OF POPULATION AND INTERNAL MIGRATION. 1950, 1963 and 1967 (In percent) 1950 1963 1967 1. Total Population 100.0 100.0 100.0 Urban population 17.9 34.5 38.6 Rural population 82.1 65.5 61.4 2. Geographical Distribution, Total 100.0 Valleys - 54.5 - Atlantic - 6.0 - South Pacific Coast - 15.0 - North Pacific Coast - 18.8 - North - 5.7 - 3. Agricultural Areas, Total 100.0 100.0 Milk 10.9 10.9 - Coffee and sugar cane 49.5 49.4 - Cereals and cattle raising 31.3 32.1 - Cocoaand bananas 8.3 - 4. Internal Migration Percentage of born in province and residing elsewhere All provinces 19.1 15.9 - San Jose 11.8 9.2 - Alajuela 24.2 20.3 - Cartago 22.8 19.1 - Heredia 29.0 20.2 - Guanacaste 19.4 19.5 - Puntarenas 18.0 18.6 - Limon 16.3 15.o - Source: Censuses 1950 and 1963; and household survey 1967. Table 1.4: COSTA RICA: FAMILY PLANNING INDICATORS, 1966 - 72 I. Number of Women Receiving Family Planning Consultations 1966 1967 1968 1969 1970 1971 1972 Total 6645 10793 27271 46662 82643 19097 148281 New cases 36U 74no _!7M f 91 - Check-up - 5983 17593 34731 64417 937U 121564 Ministry of Health - - 14174 38o86 59246 89901 101356 Program New cases - 5691 9929 12696 18o64 16415 Check up - - 8483 28157 46550 71837 8491 1/ Other 6645 10793 13097 8576 23397 29196 46925 New cases 3 7W 0 7 -7 - Check up - 5883 9110 65724 17867 218724 36623 II. Results of some sample surveys on contraception MIetropolitan Heredia Limon National Area Urban Rural Urban -Rural Year 1964 1969 1964 1969 1969 Age group of omen 20-25 15-424 15-44 15-49 158- Size of the sample (Number of women) 1331 181 282 340 257 % Using a contraceptive method 51 69 524 142 25 of whichi Oral contraceptive 1 14 17 15 9 Sterilization 6 9 9 9 24 -M - 1 3 1 2 Condoms 19 124 10 4 1 Withdrawing 15 10 8 - 3 Rhythm 10 22 9 1 24 % Having used at least once 66 86 65 60 362 %Using an efficieno m contraceptive method 27 41I 39 32 17 1/ Includes the Social Security Fund and other private organizations. 2/ Oral contraceptive, IUD, injection, condom, sterilization and vasecton15. Sources: Costa Rican Demgraphic Association and various fertility surveys. Table 1.5: COSTA RICA: ECONOMICALLY ACTIVE POPULATION, EMPLOYMENT AND AGE STRUCTURE OF UNEMPLOYED, 1950-70 1950 1963 1967 1970 ( in thousands ) Economically active population 292 408 471 535 Employment 280 379 452 508 1/ Unemployment 12 29 19 27 Age structure of unemployed: ( in percentages ) Total :100.0 100.0 100.0 n.a. 12 to l4 years 25.0 20.9 4.6 n.a. 15 to 19 years 24.5 29.3 32.5 n.a. 20 to 34 years 22.7 24.8 4o.6 n.a. 35 to 54 years 16.0 17.4 17.3 n.a. 55 to 64 years 7.1 7.4 3.8 n.a. Over 64 years 4.4 - 1.2 n.a. Unknown age o.4 0.2 - n.a. 1/ Open unemploymen Source: ILO Table 1.6: COSTA RICA: DISTRIBUTION OF ECONOMICALTY ACTIVF POPULATION BY E(INOMIC SECTOR AND OCCUPATIONAL GRO1P, 1950 -67 (in percentages) 1 9 5 0 1 9 6 3 1 9 6 7 Primary Secondary Tcortiary Primary Secondary Tertiary Primary Secondary Tertiary Total Soctors/ Sectors2! Sectors 3_ Total Sectorli/ Secoros/ Sectors 3/ Total Sectorsi/ Sectors2/ Sectors Total 100.0 100.0 100.0) 100.0) 100.0 100.01 1001.0 100.0 100.0 100.0 100.0 100.0 Professionals and technicians 1.1 0.1 0.9 11.0 5.2 0.2 1.6 15.0 5.2 0.2 1.6 13.5 Managers and administrators 3.6 - 1.9 11.0 1.3 0.1 1.8 2.8 2.1 0.2 3.7 3.7 Office workers b.1 0.6 2.6 11.6 6.2 O.s 6.7 13.0 5.9 0.6 6.0 12.6 Salesmen 5.p - - 13.0 7.6 0.1 1.9 22.3 8.4 0.1 2.6 22.4 Agriculturalists 51-3 V8.6 - - ,7.2 96.7 2.1 o.6 65.1 95.8 3.6 1.6 Miners S. 0- - - 02 0.1 0.3 - 0.4 o.6 0.2 6.0 Conductor5 of traonsortaut fallitcs 1.3 1.1 0. >. 2. 0 .3 1.8 5.6 2.8 0.3 2.6 6.0 Artisanal workers 1 . - 83.0 0. irK 0.7 66.8 2.3 13.9 1.2 63.0 6.3 Daily-paid workers 2.9 - . 6. i.0 0.2 10.9 3.0 3.9 0.k 11.8 4.4 Other 12.9 - - 62.h 14.5 3.3 6.1 28.5 12.3 0.6 5.1 31.2 1/ Includes: agriculture, forestry, hunting, fishing and ining. 2/ Includes: manufacturing, industry and constructaon. 3 / Includes: public utilities, consserce, transport, starge, coroust sunn r e Source: ILO Table 1.7: COSTA RICA: SECTORAL DISTRIBUTION OF EMPLOYMENT, 1963 and 1967 ( in thousands ) 1963 1967 n UU In in0 in Total 374.5 100.0 452.0 100.0 Agriculture 188.6 49.7 209.3 46.3 Mining 1.1 0.3 2.3 0.5 Manufacturing 43.3 11.4 59.7 13.2 Construction 20.9 5.1 18.1 h.o Public Utilities 4.2 1.1 5.0 1.1 Transport, storage and communication 14.0 3.7 17.2 3.8 Commerce 35.6 9.9 48.8 10.8 Services and other 69.8 28.4 91.8 20.3 Source: ILO Table 1 .8: COSTA RICA - VISIBLE UNDEREMPLOYMENT OF EMPLOYED POPULATION, 1967 000/man hours 000 of poten- UU of additional Equiv. unemploy- Avg. no. of hrs. worked by tial man hrs. that aa,i hours that 000 of additional ment rate implicit Persons working worked by under- underemployed would be worked if could be worked by "full time" jobs in the under- less than 36 hours employed persons persons fully employed ..aceremployed persons required enployment 000 % (a) (b) (c) = (b)/(a) (d) (e) (b) x (d) (f) = (b) x 36 (p) - ( ) - (h) = (g)/36 (i) = (h)/(a) TOTAL 656.7 I .5 12.2 23.4 1,2('j.7 11,96.0 6)5.3 1U.4 4.2 Agriculture 207.1 30.7 1L.8 23.8 730.7 1,105.2 374.5 10.4 5.0 Mining 1.4 0.3 21.5 25.0 7.5 10.8 3.3 0.1 7.1 Manufacturing 56.3 8.1 15.b 11.6 183.1 291.6 108.5 3.0 5.3 Construction 29.0 1.2 4.1 23.6 28.3 53.2 14.9 0.1 1.4 Public Utilities 5.2 0.2 3.8 25.0 5.0 7.2 2.2 0.1 1.9 Transport, Storage and Communication 48.0 3.6 7." 23.1 83.2 129.6 46.4 1.3 2.7 Commerce 18.3 1.2 6.6 22.1 26.5 43.2 16.7 0.5 2.7 Services 84.6 5.1 6.0 25.5 231.5 183.6 48.0 1.3 1.5 Other 6.8 0.2 2.9 25.0 5.0 7.2 2.2 0.1 1.5 Source: ILO. Table 1.9: COSTA RICA: UNEMPLOYMENT IN SAN JOSE METROPOLITAN AREA, JANUARY 1973 (in percentages) 2/ 3/ W Total Primary Secondary Tertiary Other Sector Sectors Sectors 1 o Total open unemployment 8.9 12.6 8.4 7.7 Males 8.6 14.6 7.9 7.3 Females 9.4 - 9.9 8.4 - Sector distribution of unemployed 100.0 4.4 27.8 Total 100.0 6.8 25.6 60.0 10.7 Males 100.0 - 23.4 56.3 11.4 Females 67.0 9.6 Age Groups Total 12-14 15-19 20-29 30-59 60 and over Age distribution of unemployed 100.0 8.2 36.3 28.2 20.7 5.9 0.7 Total 100.0 6.8 36.9 27.8 20.5 7.4 o.6 Males 100.0 10.6 35.1 28.7 21.3 3.2 1.1 Females 1/ Open unemployment defined as those persons who worked less than 12 days during the preceding month, but were actively searching for employment. 2/ Includes: agriculture, forestry, hunting, fishing and mining. 3/ Includes: manufacturing, industry and construction. 4/ Includes: public utilities, commerce, transport storage, communications and services. Source: First Semi-annual Unemployment Survey, January 1973, University of Costa Rica. Table 1.10: COSTA RICA: INCOME DISTRIBUTION PROFILE, 1971 FAMILY INCOME PER CAPITA INCOME Pcercentage Average monthlyfP Percentage Average monthly1 Percentage of Families/Population of income income ($) of income income ($) Lowest 10% 2.1 37 2.0 6 Second 10% 3.3 58 3.0 10 Third 10% 4.2 74 3.9 12 Fourth 10% 5.1 91 4.8 15 Fifth 10% 6.2 110 5.9 18 Sixth 10% 7.5 138 7.0 22 Seventh 10% 9.3 163 8.6 27 Eighth 10% 11.7 207 11.2 35 Ninth 10% 16.2 28f 15.8 SC Top 10% 34.4 617 37.8 120 TOTAL 100.0 177 100.0 32 50% lowest 20.9 74 19.6 12 Top 5% 22.8 808 25.9 163 Top 1% 8.5 1488 9.9 314 1/ Official exchange rate used: 96.65 US$1.00 Source: University of Costa Rica, Income Distribution Survey, 1971 11 Table 1.11: COSTA RICA: FAMILY INCOME CLASSIFIED BY PER CAPITA INCOME IEVEL AND REGION, 19717 Total Urban Rural Total families 100 100 100 Per Capita Income (in us $) 0 - 180 27 10 39 180 - 360 34 27 38 360 - 45o 9 - - 450 - 600 10 14 6 6oo - 9oo 8 15 3 over 900 3 7 - 1/ Based on survey of monthly family income divided by size of family, multiplied by 12, and divided by 6.65 (official exchange rate). Source: University of Costa Rica, Income Distribution Survey, 1971.  Table 2.1: COSTA RICA - SUMMARY OF NATIONAL ACCOUNTS AT CONSTANT PRICES, 1960-72 (in millions of dollars at 1967-69 prices and exchange rates) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 I. Consumption 411.7 414.2 429.7 499.3 490.0 498.2 536.7 574.6 607.8 634.5 706.1 732.6 746.8 II. Gross investment 90.9 94.9 111.1 134.7 101.7 180.9 152.4 160.6 166.6 209.1 200.7 233.5 234.9 III. Gross national expenditure (= I + II) 902.2 909.1 939.8 590.0 591.7 679.1 689.1 735.2 774.5 843.6 906.8 966.1 981.7 IV. Net balance goods and non factor services -39.1 -32.9 -31.0 -47.6 -50.0 -86.5 -96.5 -53.8 -30.9 -34.0 -56.7 -69.4 -38.3 Exports (102.8) ( 99.6) (111.8) (111.5) (126.4) (129.5) (194.0) (165.0) (215.4) ( 233.7) (270.2) (282.L) (325.0) Imports (-137.9) (-132.,) -142.8) (-199.1) (-176.4) (-216.0) (-210.5) (-218.8) (-246.3) (-267.7) (-326.9) (-351.7) (363.4) V. Gross domestic product (= III + TV) 467.1 476.2 908.8 542.4 941.7 992.6 632.6 681.4 743.6 809.6 890.1 896.7 943.4 VT. Gains from terms of trade 16.4 13.9 15.7 18.4 25.5 18.6 17.1 11.2 - 2.4 - 8.8 - 4.5 - 25.7 -27.8 VII. Gross domestic income (= V + VI) 483.9 490.1 924.5 560.8 567.2 611.1 649.7 692.6 741.2 800.8 849.6 871.1 919.6 VIII. Gross domestic savings (= VI - I) 71.8 75.9 98.8 105.5 77.2 112.9 113.0 118.0 133.3 166.3 139.5 138.5 196.6 IX. Net factor income payments - 4.2 - 3.0 - 9.3 - 9.4 - 12.1 - 14.5 - 15.6 - 17.3 - 18.8 - 16.0 - 13.3 - 11.3 - 20.9 X. Gross national product (= V + IX) 462.9 473.2 499.5 533.0 529.9 578.1 617.0 664.2 724.8 793.6 836.7 885.4 922.4 XI. Gross national income (=X + VI) 0?9.3 487.1 915.2 991. 4 999.0 996.6 634.1 679.3 722.4 784.8 832.2 899.8 894.6 XII. Current transfers received net 4.7 7.9 9.2 10.1 10.7 9.1 F.9 6.9 8.7 8.2 5.5 6.1 7.1 XTII. Gross national savings (- XI + XIT - I) 72.? 80.8 94.7 106.2 79.8 107.9 106.3 109.7 123.2 198.9 131.7 133.2 194.9 XTV. Exports - capacity to import (TVa - VI) 119.2 113.9 127.9 130.0 191.9 148.1 171.1 176.2 213.0 224.9 269.7 296.7 297.2 Source: Ceptral Bank and IBRD estimates. Table 2.2: COSTA RICA: EXPENDITURE ON THE GROSS DOMESTIC PRODUCT AT CURRENT PRICES, 1960-72 (in millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Consumption 2,372.4 2,461.4 2,587.2 2,797.3 3,101.1 3,227.3 3,532.9 3,841.7 4,159.3 4,468.8 5,188.5 5,688.2 6,210.2 Private (1,938.6) (1,991.1) (2,090.7) (2,202.8) (2,479.5) (2,554.4) (2,801.6) (3,054.0) (3,301.5) (3,490.5) (4,039.1) (4,343.1) (4,719.1) Public 1/ (33.8) (470.3) (496.5) (594.5) (62' .6) (62.9) (731.3) (787.7) (857.8) (978.3) (1,149.4) (1,345.1) (1,491.1) Gross domestic investment 530.5 578.3 692.1 838.5 643.8 1,135.3 961.2 1,046.2 1,138.6 1,489.6 1,522.6 1,996.9 2,126.3 Private (422.9) (417.9) (535.1) (590.9) (501.3) (671.4) (682.7) (727.4) (827.4) (900.1) (1,098.3) (1,302.5) (1,390.8) Public 1/ (101.7) (108.4) 127.9 (133.9) (158.2) (225.3) (180.0) (186.6) (184.4) (255.3) (291.6) (439.2) 589.0 Change in stocks (5.9) (520) (29.1) (113.7) (-15.7) (238.6) (98.5) (132.2) (126.8) (334.2) (132.7) (255.2) (146.5) Net exports of goods and n.f.s. -136.2 -119.8 -104.9 -207.8 -145.0 -412.7 -251.4 -292.6 -237.7 -304.5 -441.7 -741.4 -609.8 Exports of goods and n.f.s. (612.6) (616.8) (728.6) (755.0) (887.1) (896.2) (1,072.2) (1,168.3) (1,445.1) (1,552.0) (1,841.2) (1,945.0) (2,448.5) Imports of goods and n.f.s. (748.8) (736.6) (833.5) (926.8) (1,032.1) (1,308.9) (1,323.6) (1,460.9) (1,682.8) (1,856.5) (2,282.9) (2,686.4) (3,058.3) GDP at market prices 2, 2j 9 3 3 3,599.9 3,99. 4,242.7 4,595.3 53653.9 6 6,943.7 7 Less: net factor income -23.1 -26.3 -56.3 -50.8 -67.0 -83.4 -93.4 -109.3 -124.9 -108.4 -87.6 -98.4 -164.0 GNP at market prices 2,743.6 2,893.6 3,118.1 3,413.2 3,532.9 3,866.5 4,149.3 4,486.0 4,935.3 5,545.5 6,181.8 6,845.3 7,562.7 Less: net indirect taxes 301.4 282.6 319.3 340.0 353.4 396.1 423.6 429.1 484.3 544.5 714.6 755.6 903.3 GNP at factor cost 2,442.2 2,611.0 2,798.8 3,073.2 3,179.5 3,470.4 3,725.7 4,056.9 4,451.0 5,001.0 5,467.2 6,089.7 6,659.4 Less: depreciation 143.6 143.9 162.9 176.0 181.0 217.0 252.1 269.5 294.8 319.9 373.6 396.1 441.8 National Income 2,298.6 2,467,1 2,635.9 2,897.2 2,998.5 3,253.4 3,473.6 3,787.4 4,156.2 4,681.1 5,093.6 5,693.6 6,217.6 Gross domestic savings 394.3 458.5 587.2 666.7 498,8 722.6 709.8 753.6 900.9 1,185.1 1,080.9 1,255.5 1,516.5 Gross national savings 371.2 432.2 530.9 615,9 431.8 639.2 616.4 644.3 776.0 1,076.7 993.3 1,427.1 1,352.5 Gross national savings 3 399.6 468,6 564.0 666.2 489.9 689.4 666.5 697.0 815.9 1,102.5 1,016,4 1,465.2 1/ Public consumption and investment from Table 5.2 2/ n.f.s. = non-factor services. 3/ Including net current transfers. Source: Central Bank and Tables 5.2 Table 2.3: COSTA RICA: GROSS DOMESTIC PRODUCT BY INDUSTRIAL ORIGIN, 1960-72 Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 (in millions of current colones) GDP AT MARKET PRICES 3 2,919.9 3,174.4 3,464.0 3 3,949.9 4,242.7 5,060.2 6,2694 7,726.7 Agriculture, fishing 672.6 764.0 806.5 8753 879.0 971.2 998.6 1,092.3 1,204.2 1,388.7 1,447.7 1,525.9 1,674.9 Manufacturing, mining 476.8 4663 532.9 606.1 649.5 699.6 778.2 874.0 980.2 1,076.5 1,210.7 1,338.9 1,670.9 Construction 130.1 150.4 172.0 183.2 150.3 186.2 200.2 198.8 229.9 236.1 283.2 361.5 399.6 Electricity, gas and water 33.6 37.2 39M7 46.6 51.9 59.2 65.0 69.8 80.3 99.2 107.6 127.0 144.4 Transport, storage and communication 105.2 110.5 118.2 130.2 143,5 155.9 159.1 184.0 204.1 237.5 252.1 290.5 321.8 Trade 504.7 486.7 537.7 574.4 604.2 661.2 706.1 717.0 788.2 871.1 1,044.3 1,160.7 1,293.6 Banking, insurance and real estate 70.7 74.3 73J 79.4 93.1 103.3 114.3 131.9 151.9 182.1 214.7 236.0 275.9 Dwellings 255,7 272.6 293,9 315,7 328.6 341.0 353.6 367.4 384.2 401.2 423.2 443.5 471.9 Public administration 253.0 274.3 292.3 319.9 338.4 379.9 442.8 491.6 557.7 612.4 681.9 807.3 930.2 Services 264.3 283.6 308,1 333.2 361.4 392.4 424.8 468.5 499.5 549.1 604.0 652.4 718.5 (percentages) GDP AT MARKET PRICES 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Agriculture, fishing 24.3 26.2 25.4 25.3 24.4 24.6 23.6 23.8 23.8 24.6 23.1 22.0 21.6 Manufacturing, mining 17,2 16.0 16.8 17.5 18.0 17.7 18.3 19.0 19.4 19.0 19.3 19.3 19.4 Construction 4.7 5.2 5,4 5.3 4.2 4.7 4.7 4.3 4.5 4.2 4.5 5.2 5.2 Electricity, gas and water 1.2 1.3 1.3 1.3 1.5 1.5 1.5 1.5 1.6 1.8 1.7 1.8 1.9 Transport, storage and communication 3.8 3.8 3.7 3.8 4.0 4.0 3.8 4.0 4.0 4.2 4.0 4.2 4.2 Trade 18.3 16.7 16,9 16.6 16,8 16.8 16.7 15.6 15.6 15.4 16.7 16.7 16.7 Banking, insurance and real estate 2.6 2.5 2.3 2.3 2.6 2.6 2.7 2.9 3.0 3.2 3.4 3.4 3.6 Dwellings 9.2 9.3 9.3 9.1 9.1 8.6 8.3 8.0 7.6 7.1 6.8 6.4 6.1 Public administration 9.1 9.3 9.2 9.2 9.4 9.6 10.4 10.7 10.6 10.8 10.9 11.6 12.0 Services 9.6 9.7 9.7 9.6 10.0 9.9 10.0 10.2 9.9 9.7 9.6 9.4 9.3 Source: Central Bank Table 2.L : COSTA RICA: STRUCTURE OF GROSS FIXED CAPITAL FORMATION, 1960-72 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 (in millions of current colones) Gross fixed capital formation 524,6 526.3 663.0 724.8 659.5 896.7 862.7 914.0 1,011.8 1,155.4 1,389.9 1,741.7 1,979.8 By a,ency General governmentl/ 8h.1 80.1 65.9 81.6 91.6 101.8 111.8 122.7 129.2 180.3 192.4 273.9 379.L State enterprisesI/ 17.6 28.3 62.0 52.3 66.6 123.5 68.2 63.9 55.2 75.0 99.2 165.3 209.6 Private sector 422.9 417.9 535.1 590.9 5ol.3 671.4 682.7 727.4 827.4 900.1 1,098.3 1,302.5 1,390.8 By type Construction 288.8 304.0 368.8 390.3 296.8 416.3 393.5 395.9 491.0 466.1 578.6 724.2 n.a. Machinery and equipment 235,8 222.3 294.2 334.5 362.7 480.4 469.2 518.1 520.8 689.3 811.3 1,017.5 n,a. (in percentages) Gross fixed capital formation 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 By agency General government 16.0 15.2 9.9 11.3 13.9 11.4 13.0 13.4 12.8 15.4 13.8 15.7 19.2 State enterprises 3.4 5.4 9.L 7.2 10.1 13.8 7.9 7.0 5.5 6.5 7.1 9.5 10.6 Private sector 80.6 79.4 80.7 81.5 76.0 74.9 79.1 79.6 81.8 77.9 79.0 74.8 70.2 By type Construction 55.0 57.7 55.6 53.8 45.0 46.4 45.6 43.7 48.5 40.3 41.6 41.5 n.a. Machinery and equipment 45.0 42.3 44.4 46.2 55.0 53.5 54.4 56.3 51.5 59.7 58.4 58.5 n.a. 1/ From Table 5.2. Source: Central Bank and Appendix Tables 5.2 and 5. 16. Table 2.5: COSTA RICA: CROSS CAPITAL FORMATION BY SECTOR, 1968-71 1968 1969 1970 1971 (in millions of colones) Total 1138.6 1489.6 1522.6 1996.9 Agriculture 191.0 170.0 177.8 207.9 Industry 239.6 459.3 287.3 421.4 Construction 27.3 81.4 103.3 137.5 Flectricity 72.9 69.0 89.6 135.3 Transportation 148.2 251.3 275.2 329.7 Commerce and banking 121.7 127.6 213.5 200.6 Pousing 178.8 146.0 191.7 292.7 Other services 159.1 185.0 184.2 271.8 (percentages) Total 100.0 100.0 100.0 100.0 Agriculture 16.8 11.4 11.7 10.4 Industry 21.0 30.8 18.9 21.1 Construction 2.Li 5.5 6.8 6.9 Flectricity 6.L 4.6 5.9 6.8 Transportation 13.0 16.9 18.1 16.5 Commerce and banking 10.7 8.6 14.0 10.0 Fou sing 15.7 9.8 12.6 14.7 Other services 14.0 12.h 12.1 13.6 Rource: Central Bank. Table 2.6: COSTA RI_: FINANCING OF INVESTMENT, 1965-72 J2760 195n4 755 R5 195 7 I V ib) Y(0 19(1 U 5(2 (in millions of colones) Gross domestic investment 531 644 1,135 961 1,046 1,139 1,490 1,523 1,997 2,126 Financed by Domestic capital, net 394 499 723 710 754 901 1 185 1,08 1 256 1,517 Net domestic savings 27 317 0 7T 57 707 1,077 Public (79) (41) (30) ( 4) (18) (110) (120) (232) (120) (215) Private (171) (277) (476) (454) (466) (496) (745) (475) (74o) (862) Depreciation 1/ 144 181 217 252 270 295 320 374 396 440 Foreign capital, net 2/ 151 148 362 183 455 305 417 363 849 656 Public, medium and long-term, net n.a. n.a. I27 117 17 TU M 13 70 77 Direct investment, net n.a. n.a. 1 97 111 32 162 175 151 159 Other n.a. n.a. 137 -26 174 59 95 -5 358 48 Change in international reserves -14 -3 5o 68 -163 -67 -112 79 -108 -47 (as a percentage of domestic investment) Foreign capital, net 28.4 23.0 31.9 19.0 43.5 26.8 28.0 23.8 42.5 30.9 Public medium and long-term, net n.a. n.a. 19.7 T.7 TT T17 10.7 12.7 17.0 21.1 Direct investment, net n.a. n.a. 0.1 10.1 10.6 2.8 10.9 11.5 7.6 7.5 Domestic capital, net 74.2 77.5 63.7 73.9 72.0 79.1 79.5 71.0 62.9 71.4 Net domestic savings 7- 9 I9 77 T 77T W-7 3 7 3-T 793 73 Public (14.9) (6.4) (2.6) (0.4) (1.7) (9.7) (8.1) (15.2) (6.0) (10.1) Private (32.2) (43.0) (42.0) (47.3) (44.6) (43.5) (50.0) (31.2) (37.0) (40.6) (as a percentage of GDP) Foreign capital, net 5.5 4.1 9.2 4.3 9.9 6.0 7.4 5.8 12.2 8.5 Public medium and long-term, net n.a. n.a. 7.6 3.7 77 3.1 77 7.7 Direct investment, net n.a. n.a. - 2.3 2.4 0.6 2.9 2.8 2.2 2.1 Domestic capital, net 14.2 13.9 18.3 16.7 16.4 17.8 21.0 17.2 18.1 19.6 Net domestic savings 10.i 105 1770 11.3 -17 13.9 Public (2.9) (1.1) (0.1) ( -) ( -) (0.2) (0.2) (0.4) (0.2) (0.3) Private (6.1) (7.7) (12.7) (10.0) (10.5) (11.8) (15.1) (10.9) (12.2) (13.6) 1/ Residual. T/ Includes all loans of over one year to the public sector, public financial intermediaries, and guaranteed by the Government to the private sector. Grants and loans disbursed in foreign currency, but repayable in local currency also included (Table 3.2). Source: Central Bank and Appendix Tables 2.4, 3.1, 3.2, 5.2 and 6.1. Table 2.7 : COSTA RICA: DISTRIBUTION OF NATIONAL INCOME, 1960-71 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 (in millions of current colones) National income 2,298.6 2,467.1 2,635.9 2,897.2 2 3 3,473.6 3,787.4 4 4,681.1 5,093.6 5 Wages and salaries 1,153.3 1,218.6 1,328.7 1,432.2 1,543.2 1,700.1 1,864.7 1,959.6 2,180.3 2,418.1 2,681.7 3,091.9 Interest 9L4 98.0 98.0 106.3 124.3 148,9 148.8 170.7 192.9 253.4 311.8 367.5 Rent 184.8 202.5 213,5 231.2 243.2 237.1 232.6 259.0 248.2 258.4 269.3 271.4 Dividends and profits 836.2 920.9 944,7 1,089.2 1,025.9 1,106.3 1,156,0 1,359.8 1,437.4 1,651.4 1,731.8 1,875.5 Direct taxes on industry 28.4 29.7 53.8 38.6 61.0 58.6 66,6 73.6 97.2 113.2 128.8 134.9 Government income from property 34.9 29.5 52.7 38.1 42.8 50.4 559 55.6 67.0 76.3 75,6 82.5 Less: interest on public debt 16,2 17.7 19.6 21.4 25.9 28.4 27.4 40.3 32.3 51.7 59.9 71.4 interest on consumer debt 14.2 14,4 15.9 17.0 16,0 19.6 23,6 30,' 34.5 58,0 45.5 58.7 (percentages) National income 100,0 100.0 100.0 100.0 100.0 100,0 100.0 100,0 100,0 100,0 100.0 100.0 Wages and salaries 50.1 49.3 50.4 49.4 51.4 52.2 53.6 51,7 52.4 51.6 52.6 54.3 Interest 3.9 3.9 3.7 3.6 4.1 4.5 4,2 4.5 4.6 5.4 6.1 6.4 Rent 8.0 8.2 8.0 7.9 8,1 7.2 6.6 6,3 5.9 5.5 5.2 4.7 Dividends and profits 36.3 37.3 35.8 37.5 34.2 34.0 33.2 35.9 34.5 35,2 33.9 32.9 Direct taxes on industry 1.2 1.2 2.0 1.3 2.0 1.8 1.9 1.9 2.3 2.4 2.5 2.3 Government income from property 1.5 1.1 1.2 1.3 1.4 1,5 1.6 1,4 1,6 1.6 1.4 1.4 Less: interest on public debt 0.7 0.7 0 0,7 0,8 0.8 0.7 1,0 0,7 1.1 1.1 1.2 interest on consumer debt 016 0.5 0.6 0.5 015 0.6 066 0.8 0,8 0.8 0.8 1,0 Source: Central Bank  Table 2.8: COSTA RICA - SUMARY OF NATIONAL ACCOUNTS, PROJECTIONS, 1973-90 /1 Page 1 of 2 pages (in millions of dollars at 1967-69 prices and exchange rates) 1973 1974 1975 1976 1977 1978 1979 1980 1981 1985 1990 I. BASIC PROJECTION I. Consumption 753 799 844 887 952 1,002 1,058 1,112 1,179 1,465 1,867 II. Gross investment 281 280 291 306 310 327 345 36 376 4446 581 III. Gross national expenditure (= I + II) 1,D35 1,079 1,135 1,195 . 1,261 1,329 1,402 1,7 1,551 1,909 2,h48 IV. Net balance goods and non factor services - 41 - 32 - 34 - 33 36 36 39 38 37 - 29 9 Exports (336) ( 361) ( 376) ( 397) ( 53) ( 178) ( 505) ( 533) ( 562) ( 667) ( 920) Imports (-377) (-393) (-410) (-130) (-417) (-442) (-166) (-495) (-525) (-696) ( 911) . Gress domestic product (- III + IV) 993 1,056 1,101 1,160 1,225 1,292 1,363 1,438 1,517 1,879 2, 57 VI. Gains from terms of trade - 23 - 25 - 26 - 27 - 28 - 30 - 30 - 31 - 33 - 39 - 8 VII. Gross domestic incone (= V + VI) 969 1,020 1,075 1,133 1,196 1,262 1,333 1,106 1,18 1,80 2,409 VIII. Gross domestic savings (= VI - I) 216 222 231 257 245 260 276 295 305 376 54, IX. Net factor incme payments - 21 - 25 - 29 - 33 - 38 - 42 - 47 - 53 - 60 - 87 1 ) X. Gross national product (= V + IX) 972 1,020 1,072 1,127 1,186 1,249 1,316 1,385 1,157 1,792 2,33L XI. Gross national income (= X + VI) 948 995 1,045 1,100 1,158 1,219 1,285 1,353 1,523 1,754 7,286 XII. Current transfers received, net 8 8 7 8 8 9 8 9 10 10 10 XIII. Gross national savings (= XI + XII - I) 203 201 209 221 215 226 236 250 255 299 29 II. ALTERNATIVE I: HIGH EXPORT & HIGH GROWTH I. Consumption 753 798 853 885 950 986 1,048 1,100 1,165 1,571 7,918 II. Gross investment 281 280 291 306 316 339 365 393 14 499 668 III. Gross national expenditure (= I + II) 1,035 1,078 1,135 1,191 1,256 1,325 1,513 1,592 1,577 1,970 2,/86 IV. Net balance goods and non factor services - 41 -32 - 33 - 30 - 31 - 32 - 45 - 56 -46 - 80 - Exports (338) (36) ( 379) ( 403) ( 426) ( 469) ( 581) ( 520) (553) ( 677) ( 960) ' Imports (-379) (-396) (-512) (-533) -457 (-501) (-529) (-566) (-599) (-757) (-1 717) V. Gross domestic product (- III + IV) 993 1,056 1,101 1,161 1,225 1,293 1,367 1,1,6 1,532 1,935 7,588 VI. Gains from terms of trade - 2 - 25 - 27 - 27 - 29 - 32 - 32 - 35 - 35 - 13 - 56 VII. Gross domestic income ( V + VI) 969 1,021 1,075 1,133 1,196 1,261 1,335 1,113 1,196 1,891 2,532 VIII. Gross domestic savings (= VI - I) 216 223 231 249 256 275 288 313 333 420 613 IX. Net factor income payments - 21 - 26 - 29 - 33 - 38 - 12 - 56 - 53 - 60 - 91 - 134 I. Gross national product (- V + IX) 972 1,020 -1,072 1,128 1,187 1,252 1,321 1,93 1,571 1,852 2,5h XI. Gross national income (= X + VI) 948 995 1,046 1,100 1,158 1,219 1,289 1,350 1,536 1,799 2,398 XII. Current transfers received, net 7 8 7 8 8 9 8 8 . 9 10 10 XIII. Gross national savings (- XI + XII - I) 202 205 210 223 226 262 250 269 281 339 190 III. ALTERNATIVE II: STANDARD EXPORT - HIGH GROWTH & ALlJMINUM PROJECT I. Consumption 753 799 866 895 956 991 1,055 1,121 1,195 1,526 2,011 II. Gross investment 281 279 315 376 425 4732 477 586 113 498 667 III. Gross national expenditure (= I + II) 1,03 1,078 1,161 1,270 1,382 1,563 1,531 1,605 1,609 2,025 2,681 IV. Net balance goods and non factor services - 41 - 32 - 52 - 87 -122 -128 -129 - 37 10 - 3 - 7 Exports ( 336) ( 361) ( 376) ( 397) ( 517) ( 556) ( 166) ( 555) ( 66) ( 788) ( 1,o51) Imports (-377) (-393) (-28) (-84) (-539) (-58) (-595) (-612) (-635) (-791) (-1,051) V. Gross domestic product (= III - IV) 993 1,06 1,109 1,183 1,259 1,335 1,042 1,5'8 1,619 2,021 2,675 VI. Gains from terms of trade -2 - 25 - 27 - 27 - 28 - 31 - 30 - 37 - 43 - 49 - 51 VII. Gross domestic income (= V + VI) 970 1,020 1,082 1,156 1,231 1,303 1,371 1,481 1,576 1,972 2,617 VIII. Gross domestic savings (= VI - I) 216 222 236 261 273 312 316 360 380 446 602 II. Net factor income payments - 21 - 25 - 29 - 34 - 41 - L9 - 5 6 - 82 -108 -140 - 194 I. Gross national product 972 1,020 1,080 1,158 1,217 1,2865 1,345 1,435 1,510 1,881 2,480 XI. Gross national income (= X + VI) 948 995 1,053 1,121 1,189 1,25 1,315 1,398 1,467 1,832 2,12 XII. Current transfers received, net 8 8 7 8 8 9 8 9 9 10 10 XIII. Gross national savings (- XI + XII - I) 202 203 211 234 2h0 272 269 287 281 317 117 Table 2.8: COSTA RICA - SUMMARY OF NATIONAL ACCOUNTS, PROJECTIONS, 1973-90 /1 Page 2 of 2 pages (in millions of dollars at 1967-69 prices and exchange rates) 1973 1974 1975 1976 1977 1978 1979 1980 1981 1985 1990 IV. ALTERNATIVE III: HIGH EXPORT GROWTH & ALUMINUM PROJECT I. Consumption 753 798 845 391 951 981 1,039 1,099 1,170 1,476 1,928 II. Gross investment 281 279 315 377 525 571 576 484 513 499 667 III. Gross national expenditure (- I + II) 1,035 1,078 1,160 1,267 1,375 1,552 1,515 1,583 1,583 1,975 2,595 IV. Net balance goods and non factor services - 41 - 32 - 51 - 85 -116 -118 -114 - 65 35 56 79 Exports ( 338) ( 363) ( 379) ( 502) ( 526) ( 569) ( 585) ( 579) ( 672) ( 851) ( 1,150) Imports (-379) (-395) (-530) (-587) (-552) (-587) (-598) (-655) (-637) (-795) (-1,061) V. Gross domestic product (= III + IV) 993 1,056 1,109 1,183 1,259 1,335 1,501 1,518 1,619 2,021 2,675 VI. Gains from terms of trade - 25 - 25 - 26 - 27 - 28 - 32 - 31 - 38 - 55 - 53 66 VII. Gross domestic income (- V + VI) 969 1,021 1,083 1,156 1,231 1,302 1,369 1,579 1,573 1,968 2,609 VIII. Gross domestic savings (= VI - I) 216 222 236 265 279 321 330 379 503 592 680 IX. Net factor income payments - 21 - 25 - 29 - 35 - 41 - 48 - 54 - 80 -104 -125 - 148 X. Gross national product (=V + IX) 972 1,020 1,080 1,158 1,218 1,286 1,357 1,537 1,514 1,897 2,526 XI. Gross national income (= X + VI) 948 994 1,053 1,121 1,189 1,255 1,315 1,399 1,569 1,84h 2,559 XII. Current transfers received, net 7 8 7 8 8 9 8 9 10 10 10 XIII. Gross national savings (= XI + XII - I) 202 205 215 258 256 282 284 309 309 378 541 1 Projections were made using the IBRD Minimum Standard Model for Costa Rica. The following are the basic assumptions. I. BASIC PROJECTION: - GDP: assumes output at constant prices will grow by 5.3% in 1973-75, 5.4% in 1976 and 5.5% in 1977 and subsequent years. - Exports and imports: see tables 3.11 and 3.12. - Gross investment: assumes the ICOR will remain high at 5.3 because of the large share of public investment in total investment in 1973-75, falling gradually thereafter: 1973-74 1975 1976 1977 1978-81 1962-83 1984-85 1986-90 - Gains from terms of trade: see tables 3.11 and 9.12. Assumes that coth import and export prices will increase oy 2 perent after 1972. - Net factor income payments: see tables 3.11 and 3.12. - Current transfers received: see tables 3.11 and 3.12. II. ALTERNATIVE I: (same as in basic except:) - GDP: same growth as in basic projection up to 1977, in 1978, 5.6%; in 1979: 5.7%; in 1980: 5.8%; in 1981: 5.9%; and 6% in 1982 and thereafter. - Exports and imports: see table 3.12. III. ALIERNATIVE II and III: Analyse impact of aluminum project on economy: - GDP: GDP directly generated from the aluminum project (see table 8,13) added to high growth assumption of GDP. - Exports: Aluminum exports added to normal exports: the Alternative II, normal exports equal to oasic projection; in Alternative II, normal exports equal Alternative I projection. For alumi.nium exports projections see table 8.12. - Imports: same assumptions as in basic projection, except that imports for investment related with aluminum project (see table 8.13) are added exogenously. - Gross investment: same assumptions as in basic projection except that investment related with aluminum project (tee tacle 8.13) is added exogenously. Source: IBRD mission estimates. Table 3.1: COSTA RICA: BALANCE OF PAYMENTS, 1965-72 I in millions of current US dollars) Actuals est. 1965 1966 1967 1968 1969 1970 1971 1972 Exports of Poods and non-factor services 136.8 163.4 173.5 210.6 230.0 284.7 284.1 339.5 Merchandise, f.o.b. 111.7 135.7 143.3 170.0 189.6 231.0 224.0 278.3 lourism receipts 10.5 12.5 13.7 16.5 17.4 22.1 24.2 27.4 Other non-factor services 14.6 15.2 16.5 24.1 23.0 31.6 35.3 33.8 Imports of goods and non-factor services -199.6 -201.0 -215.5 -243.5 -273.7 -350.3 -389.2 -415.1 erchandise, crif. -178.8 180.0 -192.8 215.1 -246.1 318.6 -351.3 -373.7 Tourism payments -10.1 -10.2 -11.8 -13.1 -11.9 -12.7 -16.2 -19.3 Other non-factor services -10.7 -10.8 -10.9 -15.3 -15.7 -19.0 -21.7 -20.0 rEtource balance -62.8 -37.6 -42.0 -32.9 -43.7 -65.6 -105.1 -75.6 Factor income, net -13.4 -14.9 -17.0 -18.6 -16.4 -14.3 -12.5 -23.9 Receipts 0.5 0.6 0.5 0.8 1.5 1.0 0.6 1.0 Payments -13.9 -15.5 -17.5 -19.4 -17.9 -15.3 -13.1 -24.9 Tnterest 1/ -5.5 -8.4 -8.4 -8.6 -8.8 -11.5 -11.9 -14.5 Public med. and long term (-4.1) (-4.7) (-4.9) (-5.5) (--6.5) (-7.0) (-8.13 (-10.3) Other (-1.4) (-3.7) (-3.5) (-3.1) (-2.3) (-4.5) (-3.8) (-4.2) Direct investment income -8.4 -7.1 -9.1 -10.8 -9.1 -3.8 -1.2 -10.4 ransfers net 8.4 8.5 8.8 8.6 8.4 5.9 6.7 8.1 Current account balance -'7.8 -44.0 -50.2 -42.9 -51.7 -74.0 -110.9 -91.4 Private capital 40.0 31.6 65.5 41.8 63.0 55.3 89.6 55.2 Direct investment, net 0.1 14.6 16.2 4.5 24.1 26.3 22.0 22.0 other long term, net 9.9 15.0 5.1 6.3 3.7 11.7 11.9 6.4 Import payment arryars - - 22.5 2.4 -24.9 - 83.5 11.1 Other short term 2 30.0 2.0 21.1 28.6 60.1 17.3 -27.8 15.4 Medium and long term loans to public sector, net 19.3 4.3 7.2 7.9 5.2 10.6 28.0 34.0 Central government, net3/ 8.4 0.5 1.7 -5.4 -2.9 5.1 13.4 20.8 Drawings (12.5) (6.5) (6.9) (4.3) (5.1) (17.2) (23.8) (33.3) Amortizations (4.1) (6.0) (5.2) (9.7) (8.0) (12.1) (10.4) (12.5) Local governments, net2/ - - - - - - 1.0 -0.1 Drawings (-) (-) (-) (-) (-) (-) (1.0) (0.5) Amortizations () (-) (-) (-) (-) (-) (-) (0.6) Autonomous institutions, net/ - - - - - 0.5 3.6 0.3 Drawings (-) (-) (-) (-) (-) (0.5) (3.6) (1.2) Amortizations 3-) (-) (-) (-) (-) (-) (-) (0.9) Public enterprises, net- 10.9 3.8 4.4 10.5 0.5 2.9 7.9 10.4 Drawings (11.6) (6.5) (7.9) (15.9) (4.0) (6.2) (11.3) (13.8) Amortizations (0.7) (2.7) (3.5) (5.4) (3.5) (3.3) (3.4) (3.4) Loans repayable in local currency - - 1.1 2.8 2.8 2.1 2.1 2.6 Med and long term loans to financial public intermediaries, net 4.4 -2.3 1.9 %.1 0.8 -2.2 1.7 4.6 Subscription to international agencies, net -3.4 0.1 -0.1 -0.3 0.2 -1.4 -0.3 -1.5 Allocation of SDR's - - - - - 4.2 3.4 3.4 International reserves, net (increase -) 7.5 10.3 -24.3 -9.6 -17.5 11.7 -11.5 -4.0 1/See able 4. 7/Includes errors and omissions. 3/Includes loans repayable in foreign currency only. See Table 4.3. 4/Loans disbursed in foreign currency but repayable in local currency. Source: Central Bank, IMF -ables 4.1 to 4.5 and IBPD mission estimates. Table 3. 2: COSTA RICA: CROSS AND NET CAPITAL FLOWS TO THE PUBLIC SECTOR AND PUBLIC FINANCIAL INTERMEDIARIES, 1965-72 ( in millions of US dollars ) Actuals 1965 1966 1967 1968 1969 1970 1971 1972 Cross disbursements 33.7 16.9 24.9 30.5 23.9 29.0 49.6 62.3 IBRD/IDA 12.4 5.9 7.5 0.3 0.1 4.9 9.7 13.3 IDB 1.8 1.5 1.1 1.5 1.0 - 0.6 1.1 CABEI (BCIE) 1.2 2.6 0.1 0.9 1.8 7.8 5.3 5.2 USAID 6.4 3.5 2.9 3.6 3.9 2.7 4.1 9.0 Other governments 0.1 - 0.4 2.6 3.4 2.5 1.2 1.8 Suppliers 0.1 0.8 0.1 0.7 0.6 3.6 4.4 7.5 Financial institutions 10.6 2.6 11.6 7.9 10.3 5.4 22.2 21.8 Other public loans 1.1 - 0.1 10.2 - - - - Loans repayable in local currency n.a. n.a. 1.1 2.8 2.8 2.1 2.1 2.6 Net disbursements 23.7 2.0 9.1 11.0 6.0 8.4 29.7 38.6 IBRD/IDA 10.5 4.8 6.1 -1.5 -1.8 2.9 7.6 11.2 IDB 1.6 1.1 0.6 1.0 0.4 -0.8 -0.3 0.1 CABEI (BCIE) 1.2 2.5 - 0.7 1.5 7.5 4.6 3.0 USAID 5.8 2.5 2.8 3.4 3.8 2.6 4.0 8.8 Other governments - -0.1 -1.2 -1.3 -2.6 -1.4 -1.3 -0.6 Suppliers -0.5 0.4 -0.3 0.4 0.3 3.2 3.7 6.4 Financial institutions 4.2 -7.3 0.8 -0.8 2.5 -6.4 9.9 6.8 Other public loans 0.9 -1.9 -0.8 6.3 -0.9 -1.3 -0.6 - Loans repaybale in local currency n.a. n.a. 1.1 2.8 2.8 2.1 2.1 2.6 Net transfers 19.6 -3.7 4.2 5.7 0.7 1.7 21.5 28.3 IBRD/IDA 9.5 4.0 4.7 -3.5 -3.8 0.8 5.1 6.9 IDB 1.4 0.8 0.3 0.6 - -1.2 -0.9 -0.4 CABEI (BCIE) 1.2 2.4 -0.1 0.6 1.4 6.9 3.7 2.8 USAID 4.7 1.6 2.7 3.2 3.6 2.4 3.7 8.4 Other governments -0.3 -0.4 -1.9 -2.5 -3.5 -2.3 -1.9 -2.6 Suppliers -0.6 0.4 -0.3 0.4 0.2 3.1 3.3 6.1 Financial institutions 3.2 -9.9 -1.3 -1.9 0.3 -8.0 7.7 4.5 Other public loans 0.5 -2.6 -1.0 6.0 -1.7 -2.1 -1.3 - Loans repayable in local currency n.a. 1.1 2.8 2.8 2.1 2.1 2.6 Source: Tables 3.1, 4.2 and 4.4. Table 3.3 : COSTA RICA: NET INTERNATIONAL RESERVES OF THE BANKING SYSTEM, 1965-73 December 31 February 1965 1966 1967 1968 1969 1970 1971 1972 1972 1973 (in millions of dollars) Total -3.4 -13.7 10.6 20.2 37.7 26.0 37.5 41.5 35.2 38.8 Central Bank -0.7 -10.9 3.5 10.8 29.2 16.5 18.3 29.0 21.0 22.9 Gold and foreign exchange 19.9 17.1 19.2 20.7 27.3 11.8 31.9 40.1 38.9 36.2 Net IMF position -15.0 -15.5 -15.5 -9.7 2.0 6.0 0M3 0.3 0.3 0.3 Foreign liabilities -5.6 -12.5 -0.2 -0.2 -0.1 -1.4 -3.9 -11.4 -18.2 -13.5 Commercial banks -2.7 -2.8 7.1 9.4 8.5 9.6 9.2 12.5 14.2 15.9 Foreign assets 4.5 4.5 8.2 10.5 9.6 10.9 10.8 19.1 15,9 20.2 Foreign liabilities -7.2 -7.3 -1.1 -1.1 -1.1 -1.3 -1.6 -6.6 -1.7 -4.3 (in weeks) Coverage of imports1I Net reserves -1.0 -4.0 2.9 4.9 8.0 4.2 5.6 5.8 5.2 5.4 Gross reserves 2.7 1.8 3.2 5.2 8.2 4.7 6.4 8.3 8.2 7.9 1/ Number of weeks' imports (at the rate recorded during the preceding 12 months) represented by the level of international reserves. Source: Central Bank Table 3.4: COSTA RICA: VALUE OF PRINCIPAL EXPORTS, 1962 AND 1966-72 1962 1966 1967 1968 1969 1970 1971 1972 (in millions of dollars) Total exports, f.o.b. 92.7 135.7 143.3 170,0 189.6 231.0 224.6 278.3 Agricultural goods 88.2 102.2 110.5 127.2 143.8 173.5 162.9 209.8 Coffee 48.4 52.6 54.8 55.3 55.8 73.1 59.3 77.8 Bananas 26.9 29.2 30.9 42.8 51.5 66.8 64.0 85.3 Beef 2.7 5.5 8.6 12.0 15.1 18.0 20.5 27.9 Sugar 2.8 8.7 8.4 8.7 9.1 10.1 12.9 10.8 Cacao 4.9 3.1 3.1 3.0 7,1 1.9 1.5 3.0 Other 2.5 5.9 4.7 5.4 5.2 3.6 4.7 5'0 Manufactured goods 2.4 27.4 29.8 40.7 42.2 53.4 58.6 65.7 Pharmaceutical goods - U.9 1.4 1,3 1.9 4.4 5.6 6,4 Fertilizers - 2.4 2.8 4.4 3,0 2.4 3.9 6.1 Tires - 1.3 1.5 1.4 1.8 1.9 3.3 3.2 Clothing, shoes and synthetic textiles - 3.9 3.6 2.7 3.0 6.0 5.1 7.2 Refrigerators and freezers - 0.3 0.4 1,2 1.3 1.8 2.2 2.8 Margarines and fats - 0.4 0.7 1.8 1.1 1.5 1.4 2.1 Plastic goods - 0,4 0.4 0.6 0.9 1.0 1.9 2.0 Dry batteries - 0.2 0.8 1.4 1.3 1.7 1.9 2.0 Metal containers - - - 0.9 1.8 1,6 1,7 1.8 Processed woods - 1.6 1.0 1.2 1.5 1,2 1.4 1.7 Beverage concentrates - - 0.5 1.3 1.8 2.3 2.0 1.6 Insecticides and fungicides - 0.3 0.3 0.4 0.4 0.6 0.8 1.4 Pulp and paper products - - - 0.1 0M3 1,1 1.1 1.3 Transmitors and radio receivers - 0.6 1.0 1.1 1.0 1.4 1.4 1.2 Furniture and accessories - 1.2 1.2 1,2 1.0 1.1 0M6 09 Galvanized sheets - 1.3 1.5 1.9 1.6 1.5 1.8 1.8 Other - 12.6 12.7 22.9 18,5 21.9 22.5 22.2 Other exports 2.1 7,9 3.0 2.1 3.6 4.1 3.1 2.8 (in percentages) Total exports, f.o.b. 100.0 100,0 100.0 100.0 100.0 100.0 100,0 100,0 Coffee 52.2 38.8 38,2 32.5 29.4 31,6 26.4 28,0 Bananas 29.0 21.5 21.6 25.2 27.2 28.9 28.5 30M7 Beef 2.9 4.1 6.0 7.1 8.0 7.8 9.1 10,0 Sugar 3M0 6.4 5.9 5.1 4,8 4,4 5,7 3.9 Manufactured goods 2.6 20,2 20.8 23.9 22.3 23.1 26.1 23.6 (Pharmaceuticals) (-) (0.7) (1.0) (0.8) (1.0) (1.9) (2.5) (2.2) (Fertilizers) (-) (1.8) (2.0) (2.6) (1.6) (1.0) (1,7) (2.2) (Clothing, shoes and synthetic tex.) (-) (2,9) (2.5) (1.6) (1,6) (2.6) (2.3) (2.6) (Tires) (-) (1,0) (1,0) (0.8) (0.9) (0.8) (1.5) (1.1) (Refrigerators and freezers) (-) (0.2) (0.3) (0.7) (0.7) (0,8) (1.0) (1.0) Source: Central Bank and Directorate General of StatisticG and Censuses. Table 3. 5 : COSTA RICA: VALUE, QUANTUM AND PRICE INDICES OF EXPORTS, 1960-72 (1962 100) 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971- 1972 Total exports f.o.b. Value 91 91 100 101 122 119 145 153 181 202 246 240 293 Quantum 92 90 100 100 115 115 140 151 196 218 247 257 305 Price 99 101 100 101 106 103 103 101 93 93 100 93 96 Coffee Value 91 93 100 94 99 96 109 113 114 115 151 122 Quantum 83 89 100 96 91 84 98 116 121 121 123 111 Price 110 104 100 97 110 114 110 98 95 96 123 109 Bananas Value 75 77 100 96 105 105 108 115 159 191 248 267 Quantum 93 79 100 89 100 109 123 127 190 240 309 339 Price 81 98 100 107 105 96 88 90 84 79 80 79 Cacao Value 119 97 100 87 83 45 63 64 60 144 39 26 Quantum 99 85 100 81 78 58 66 61 48 84 28 23 Price 120 114 100 107 107 78 96 105 125 172 140 114 Beef Value 158 102 100 185 221 118 201 316 441 555 662 758 Quantum 189 122 100 185 222 115 139 230 380 433 465 491 Price 83 84 100 100 100 103 145 138 116 128 143 154 Sugar Value 65 112 100 133 184 167 312 301 312 326 364 347 Quantum 62 120 100 168 162 172 292 282 283 284 305 371 Price 105 94 100 109 114 97 107 107 110 115 119 94 Fertilizers 100 Value 2 - - 199 2,233 1,170 803 921 1,455 994 792 1,184 Quantum 2 - - 199 1,995 1,008 718 818 1,300 987 804 1,293 Price 111 100 - 100 112 116 111 112 112 100 99 92 1/ To November 1971, except total. Source: Central Bank Table 3. 6: COSTA RICA: IMPORTS BY TYPE OF GOODS, 1962-72 Actuals E 196_2_ __1963__ 1964 1965 19 19 1967 1968 1969 1970 1971 1972 (in millions of dollars) Total imports, c.i.f. 113.3 123.8 138.0 178.8 180.0 192 .8 215.1 246.1 318.6 351.3 373.7 Consumer goods 33.0 37.3 47.0 55.8 60.4 60.8 7. 81,5 103.0 111.7 103. Non-durable s 21.5 23.7 29.7 3. 37.3 7.7 533 69.7 -77.1 70.7 Durables 11.2 13.6 17.4 21.2 23.1 20.2 22.4 28.1 33.3 37.6 32.7 Raw materials 36.8 76.3 41.o 57.6 55.7 64.6 79.3 87.0 111.4 120.4 16.4 For agriculture 6.0 7.7 7 73 77 W. 7.9 -9. 9.2 9.0 9.8 For industry and mining 28.0 31.8 35.7 51.8 48.9 58.1 71 .4 78.5 102.2 111.4 126.6 Lubricants and fuels 7.0 7.0 7.5 8.2 8.3 6.2 4.1 4.4 6.3 6.9 8.3 Construction materials 9.3 0.7 9.3 11.5 10.4 10.1 12.6 12.9 17.3 16.8 15.1 Capital goods 27.3 31.2 33.8 45.1 43.7 49.0 42.3 59.4 78.7 93.9 109.7 For agriculture 2277 3.1 37 .- T. 7f? T . -.9 9.0 9.0 For industry and mining 9.0 10.2 11.2 15.8 14.6 17.1 13.4 17.5 25.7 25.4 25.0 For transport 6,9 8.8 9.1 10.6 12.3 14.7 12.2 21.1 23.2 30.7 43.7 For construction 3.3 4.2 4.8 4.3 5,5 3.9 3.7 6.7 10.2 13.1 15.7 For other 5.5 5.3 5.6 10.8 7.8 9.1 8.1 b.8 13.4 15.7 16.3 Balance of payments adjustment - - - 0.6 1.5 2.1 1.2 1.0 1.9 1.6 0.8 (in percentages) Total imports, c.i.f. 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Consumer goods 29.1 3D.1 33.9 31.3 33.8 31.9 35.4 33.3 32.3 31.8 27.7 Raw materials 32.5 61.6 29.6 32.3 31.2 33.9 37.1 35.5 35,0 34.3 36.5 Fuels and lubricants 6.2 5.7 5.4 4.6 4.6 3.3 1.9 1.8 2.0 2.0 2.2 Construction materials 8.2 7.0 6.7 6.5 5.8 5.3 5.9 5.3 5.4 4.8 4.0 Capital goods 241 25.2 24.4 25.3 24.5 25.7 19.8 24.2 24.7 26.7 29.4 Source: Table 2.1, 7.2 and 8.1; and Central Bank. Table 3.7-: COSTA RICA: TERMS OF TRADE INDEX (Average 1967-69 100) Export Import Terms of Trade price price index index index 1960 105.06 87.67 119.84 1961 105.28 89.50 117.63 1962 104.10 88.50 117.63 1963 106.79 88.48 120.70 1964 111.04 89.01 124.75 1965 109.19 92.40 118.17 1966 108.57 95.50 113.68 1967 106.68 98.49 108.31 1968 97.50 98.86 98.62 1969 97.63 102.26 95.47 1970 104.96 107.15 97.95 1971 98.24 110.65 88.78 1972 102.53 114.23 89.76 Source: Central Bank and IBRD. Table 3-g COSTA RICA: DIRECTION OF TRADE, 1965-71 1965 1966 1967 1968 1969 1970 1971 Exports Imnports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance ( in millions of US dollars) Total 111 7 178.8 -67.1 135.7 180.0 44.3 143.3 192.8 49.5 170.0 215.1 - 5.1 189.6 246.1 -56.5 231.0 318.6 -87.6 224.6 351.3 -126.7 America 30.0 10L.l -27..L 92.6 jl330 -?I, 10-2.3 t26.9 -24.6 121.0 152.0 -27.0 136.3 560.7 -24.4 154.1 208.3 -54.2 153.3 225.0 -71.7 USA 55.8 71.0 -11.2 56.8 65.7 -12.9 65.2 73.8 - 8.5 79.2 80.7 - 1.5 88.7 85.5 3.2 97.3 109.8 -12.5 91.1 114.0 -22.9 CACM countries 18.3 14.7 3.6 15.5 23.2 2.0 26.9 34.2 - 7.3 36.1 48.8 -12.6 37.7 51.2 -13.5 46.1 68.7 -22.6 47.1 76.5 -29.4 Panama 1.9 1.2 0.7 2.7 2.8 -0.1 4.2 2.4 1.8 5.0 3.2 1.8 5.3 3.3 2.0 6.8 2.7 4.1 8.7 3.4 5.3 Mexico - 2.8 -2.8 0.5 h.1 -3.6 - 3.1 - 3.1 0.7 4.5 - 3.8 1.2 4.3 - 3.1 0.3 6.6 - 6.3 1.4 5.7 - 4.3 Canada 0.8 5.3 -L.5 1.2 5.5 -4.3 1.0 4.4 - 3.4 2.0 2.8 - 0.8 1.0 2.6 - 1.6 1.3 4.7 - 3.4 2.3 7.1 - 4.8 Venezuela - 2.1 -2.1 0.2 2.2 -2.0 0.2 3.1 - 2.9 0.2 6.0 - 5.8 0.1 6.5 - 6.4 0,1 7.6 - 7.5 0.1 9.5 - 9.4 Colombia 0.3 3.3 -3.0 0.5 1.6 -1.1 - 2.1 - 2.1 - 2.1 - 2.1 0.2 1.9 - 1.8 0.2 2.9 - 2.7 0.5 3.2 - 2.7 Other 2.9 6.7 -3.8 5.2 1.8 0.4 4.8 3.8 1.0 1.7 3.9 - 2.2 2.1 5.4 - 3.3 2.0 5.3 - 3.3 2.1 5.6 - 3.5 Asia _D_t 15.3 -17.7 -L4 17.2 -25.7 6.5 17.5 -11.0 10.0 16.6 - 65 4.1 23.7 -19.5 11.2 30.6 -19.4 7.1 42.9 -35.6 Japan 0.6 16.7 -16.3 1.3 15.7 -14.4~ 1.5 16.4 -14.9 2.0 14.9 -12.9 1.9 22.0 -20.1 11.1 28.5 -17.1 7.0 39.5 -32.3 Other - 1.1 1.4 0.2 1.5 -1.3 5.0 1.1 - 3.9 8.0 14.9 -12.9 1.9 22.0 -20.1 0.2 2.1 - 1.9 0.1 3.6 - 3.5 Europe .31. S 12 ). -1 -5.2 32.7 47.2 -14.5 35.3 45.0 - 9.7 48.2 60.3 -12.1 65.7 77.5 -11.8 64.0 81.6 -17.6 Gemany (Federal Republic of) 12.9 17.3 -L.1 15.9 17.7 -1.8 11.2 14.8 - 3.6 10.5 16.4 - 5.9 13.2 19.8 - 6.6 19.0 26.4 - 7.4 21.0 26.9 - 5.9 Belgium 3.0 3.4 -0.6 k.6 2.9 1.7 2.6 2.8 - 0.2 2.3 3.1 - 0.7 4.2 4.2 - 4.2 6.4 - 2.2 5.6 4.8 0.8 Finland 0.8 0.2 D.6 2.2 0.1 2.1 3.4 0.2 3.2 3.1 0.3 2.8 4.7 0.5 4.2 6.2 0.5 5.7 6.3 0.7 5.6 France 1.2 7.1 -3.9 1.7 4.0 -2.b 1.6 3.0 - 1.4 1.7 2.5 - 3.8 1.9 2.2 - 0.3 2.0 4.1 - 2.1 z.3 3.6 - 1.4 Netherlands 7.1 7.8 3.3 7.0 7.3 3.7 5.3 2.8 2.5 7.3 3.1 4.3 6.5 3.3 3.2 12.2 5.5 6.7 10.7 5.2 5.5 Italy 1.1 3.2 -2.1 2.2 2.7 -0.7 1.8 2.9 - 1.1 1.8 3.3 - 1.4 7.1 4.3 2.8 6.4 5.6 0.8 7.2 5.0 2.2 United Kingdom 0.5 8. -7.R 0.7 8.5 7.8 0.5 12.4 -11.9 0.4 8.9 - 8.4 0.6 15.2 -14.6 0.8 15.5 -14.7 0.6 16.9 -16.3 Sweden 2.9 3. -0.3 6 h 1.6 2.8 4.4 1.7 2.7 3.9 1.8 2.1 4.4 2.8 1.6 4.6 3.3 1.3 4.0 4.5 - 0.5 USSR - - - - 0.7 -0.7 - 1.5 - 1.5 1.7 - 1.7 3.3 - 3.3 6.3 - 6.3 2.3 - 2.3 Other 1.7 5.3 -3.6 2.6 4.9 -2.3 1.9 5.1 - 3.2 2.4 5.8 - 3.4 2.3 8.0 - 5.7 4.r 2.2 - 6.2 4.0 13.9 - 9.9 Other - 0.4 -0.4 0. 1.0 -0.7 2.3 0.6 1.7 0.5 0.4 0.1 1.1 0.5 - 0.6 0.1 0.3 - 0.2 1.0 0.2 0.8 Balance of payments adjustment -0.1 0.6 -0.5 0.2 1.5 -1.3 -0.5 0.6 - 1.1 - 0.8 1.2 - 2.0 - 0.1 1.0 - 1.1 -0.2 1.9 - 2.1 - 0.8 1.6 - 2.4 in percent of total) USA 50.0 79.7 )I.9 38.7 45.4 38.3 46.6 37.5 46.8 34.7 42.1 34.5 46.0 32.5 CACM countries 16. 6.2 18.8 12.7 18.8 17.7 21.3 22.7 19.9 20.8 20.0 21.6 21.0 21.8 Other America 3.1 12.0 7.5 11.7 7.1 9.8 5.6 10.5 5.2 9.8 4.6 9.4 6.7 9.8 Japan - 91 1.0 8,7 1.0 8.5 1.2 6.9 1.0 8.9 4.8 8.9 3.1 11.2 Other Asia - 9.5 6.1 0.8 3.5 0.6 4.7 0.8 1.2 0.7 0.1 0.7 - 7.7 Germany (Federal Republic of) 11.5 9.7 5.2 1.8 7.8 7.7 6.2 7.6 7.0 8.0 8.2 8.3 9.3 7,7 Netherlands 6.1 2.1 0.3 4.7 3.7 1.5 4.3 1.4 3.4 1.3 5.3 1.7 4.8 1.5 United Kingdom 0.L 4.7 0.3 6.4 0.2 4.1 0.3 6.2 0.3 4.9 0.3 4.8 Other Europe 9.6 12.8 12.9 9.5 11.0 8.9 10.1 7.7 14.7 8.9 14.6 9.4 14.1 9.3 Other - 0.2 0.2 o.6 1.6 0.3 0.3 0.2 0.6 0.2 - 0.1 0.4 0.1 Sourcet feneral Bureau of Statistics and Censuses. Table 3.9: COSTA RICA: TRADE WITH CACM COUNTRIES, 1965-71 (In millions of US dollars) 1965 1966 1967 1968 1969 1970 1971 Exports, f.o.b. 18.3 25.2 26.9 36.2 37.7 46.1 47.1 Guatemala 4.3 4.7 5.6 8.0 8.8 11.1 15.4 El Salvador 4.7 6.1 6.1 8.6 8.7 10.5 11.5 Honduras 3.0 4.4 4.4 6.1 7.8 11.6 4.8 Nicaragua 6.3 10.0 10.8 13.5 12.5 12.9 15.4 Imports, c.i.f. 14.7 23.2 34.2 48.8 51.2 68.7 76.5 Guatemala 5.3 9.1 11.3 15.8 17.6 21.5 27.1 El Salvador 4.8 7.7 12.3 16.0 14.2 20.1 21.5 Honduras 1.4 2.0 3.2 5.2 5.8 7.1 1.6 Nicaragua 3.2 4.4 7.4 11.8 13.6 19.9 26.3 Trade Balance 3.6 2.0 -7.3 -12.6 -13.5 -22.6 -29.4 Guatemala -1.0 -4.4 -5.7 - 7.8 - 8.8 -10.5 -11.7 El Salvador -0.1 -1.6 -6.2 - 7.4 - 5.6 - 9.6 -10.0 Honduras 1.6 2.4 1.2 0.9 2.0 4.5 3.2 Nicaragua 3.1 5.6 3.5 1.6 - 1.1 - 7.1 -10.9 Source: General Bureau of Statistics and Censuses. Table 3.10: COSTA RICA: MERCHANDISE EXPORTS PROJECTIONS, 1973-80 1973 1974 1975 1976 1977 1978 1979 1980 1972-76 1976-80 1972-80 ( in millions of current dollars ) Total exports (basic projection) 298.2 322.1 337.0 360.3 379.7 405.4 430.0 460.7 Coffee 86.0 98.9 95.4 98.4 96.4 98.0 98.7 98.7 Bananas 82.4 85.4 89.2 93.1 96.5 100.6 104.3 108.8 Beef 29.8 30.2 33.4 37.1 40.9 45.2 49.8 54.7 Sugar 16.0 15.8 17.0 182 19.6 21.1 22.8 24.5 Cacao 3.5 3.7 4.0 4.3 4.6 4.9 5.3 5.6 Manufacturing 72.3 79.5 89.0 99.7 111.7 125.1 140.1 156.9 Other 8,2 8.6 9.0 9.5 10.0 10.5 11.0 11.5 Total exports (low) 294.9 315.0 324.1 340.5 351.9 368.3 382.3 400.9 (Manufacturing) (69.0) (72.4) (76.1) (79.9) (83.9) (88.0) (92.4) (97.1) Total exports (high) 299.4 325.0 340.3 366.7 390.1 420.7 451.3 489.4 (manufacturing) (73.5) (82.4) (92.3) (106.1) (122.1) (140.4) (161.4) (185.6) ( growth rates ) Basic projection 7.3 8.0 4.1 6.4 4.8 6.1 5.3 6.4 6.7 6.4 6.5 High level 7.7 8.6 4.7 7.8 6.4 7.8 7.3 8.4 7.2 7.5 7.3 Basic Assumptions: Coffee: see Table 7 4 Bananas: see Table 7.5 Beef: see Table 7.6 Sugar: see Table 7. 7 Cacao- Assumes a 5% increase in volume and 2% increase in price per annum. Manufacturing- Basic 10% increase per annum till 1974, and 12% till 1980. High: 12% till 1975 and 15% till 1980. Other: 5% increase per year. Source: Appendix Tables 7.4 to 7.7 and IBRD mission estimates. Table 3.11: COSTA RICA - BALANCE OF PAYMENTS, BASIC PROJECTION, 1973-90 (in millions of current dollars) 1973 1974 1975 1976 1977 197d 1979 1980 1981 1985 1990 Exports of goods and n.f.s. 364 399 424 458 491 530 572 621 672 928 1,422 Merchandise f.o.b. /1 2 9 337 330 7 3 791 631 Tourism receipts /2 31 36 42 48 99 63 73 84 97 170 343 Other n.f.s. /3 35 41 45 50 56 62 69 76 864 127 214 Imports of goods and n.f.s. / -440 -468 -497 -532 -572 -616 -663 -713 -768 -1,029 -1,486 Merchandise c.i.f. / -9 -UT -7T -T47 -7 ---7 -Z -77 -7 7 -1,279 Tourism payments /5 -21 -23 -26 -28 -31 -34 -38 -41 -45 -66 -106 Other n.f.s. /9 -23 -24 -27 -29 -32 -35 -39 -43 -47 -69 -111 Resource Balance -76 -69 -73 -74 -81 -86 -91 -92 -96 -101 - 64 Factor income, net -24 -31 -39 -41 -48 -94 -62 -71 -82 -128 -200 Receipts - 1 T T1 T T T T 1 Payments -23 -30 -34 -40 -47 -93 -61 -70 -80 -127 -199 Interest -13 -17 -20 -29 -30 -39 -42 -49 -98 -98 -163 Public medium and long term /6 (-11) (-14) (-15) (-18) (-21) (-25) (-29) (-34) (-40) (-69) (-107) Other (- 2) (- 3) (- 5) (- 7) (- 9) (-10) (-13) (-13) (-18) (-33) (- 56) Direct invesovent income /7 -12 -14 -19 -16 -18 -19 -20 -22 -24 -30 - 37 Transfers, net /8 9 9 9 10 10 11 11 12 13 15 17 Current account balance -91 -91 -99 -105 -119 -129 -142 -151 -165 -214 -247 Private capital, net 42 56 66 60 64 70 75 80 92 118 107 Direct investment, net /9 2I -76 267 7 T 26 2 7 7 71 -7- Other long tenn, net /10 8 9 10 11 12 13 14 i5 16 20 29 Import payment arrears /11 -30 -35 -30 - - - - - - - - Other short term /12 31 96 60 22 29 29 33 36 46 64 13 Medium and long term loans to public sector, net 39 25 38 50 61 65 74 78 80 105 153 Drawings /13 ( 59) ( 93) ( 71) ( 83) ( 94) (100) (106) (114) (123) (170) ( 256) Amortizations /6 (-20) (-28) (-33) (-33) (-33) (-35) (-32) (-36) (-43) (-69) (-103) Other capital, net /14 -2 - 2 - 2 - 2 - 2 - 2 - 2 - - 2 - 2 - 2 International reserves, net (increase = -) 12 12 - 3 - 3 - 4 - 4 - - 5 - - 7 - 11 /1 See Table 3.10 up to 1980 (basic projection). Thereafter, assumed to grow oy 6.9% yearly. 72 Assumed to grow by 15% yearly. 73 Assumed to grow by 11% yearly. 74 Assumes a minimum elasticity of imports to GOP of 0.7 in 1973, 0.8 in 1974-79, 0.9 in 1976 and 1.0 thereafter. Merchandise imports are a residual. / Assumed to grow by 10% yearly. 76 See Table 4. 77 Assumed to increase by 5% of previous year direct investment. 78 Assumes a continued slow increase in pensioners remittances. 79 Arbitary value in line with past. 1973 values increased by 15 million due to unusual private capital inflows recorded during the first half of 1973. /10 Arbitary based on past trends. 711 Assumes that import payment arrears will be gradually repayed by 1979. 712 Residual 8% interest assumed on short term debt. 713 See Table 4. 1973-77 figures result from detailed public investment program on Table 9; after 1977 assumed to grow by 8.9%, on similar terms than the 1973-77 average. /14 Marginal net reserves to imports assumed at 10%. During 1973-74 some reserve losses are assumed to partly finance repayment of import payment arrears. Source: IBRD mission estimates. Table 3.12: BALANCE OF PAYMENTF, ALTERNATIVE PROJECTIONS, 1973-90 (in millions cf current dollars) 1973 1977 1975 1976 1977 81976 1979 19b0 1981 1985 1990 I. HIGH EXPORT & HIGH GROWTH /1 Exports of goods and n.f.s 366 402 427 464 501 562 593 650 707 1,000 1,566 Imports of goods and n.f.s. -442 -470 -500 -535 -576 -644 -694 -757 -818 -1,117 -1,654 Resource balance - 76 - 63 - 73 - 71 - 75 - 82 -101 -107 -110 - 117 - 87 Factor income, net - 25 - 31 - 35 - 41 - 48 - 53 - 61 - 71 - 83 - 135 - 218 Transfers, net 9 9 9 10 10 11 11 12 13 15 17 Current account balance - 92 - 90 - 99 -102 -113 -124 -151 -166 -181 - 237 - 289 Private capital, net 43 55 66 58 58 68 84 96 109 142 151 Medium and long term loans to the public sector, net 39 25 38 50 61 65 7h 78 80 105 153 Other capital, net - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 -2 - 2 - 2 International reserves, net (increase=-) 12 12 - 3 - 4 - 4 - 7 - 5 - 6 - 6 - 8 - 13 II. STANDARD EXPORT & HIGH GROWTH & ALUMINIUM PROJECT /2 Exports of goods and n.f.s. 364 399 424 4568 491 547 572 694 821 1,092 1,608 Imports of goods and n.f.s. -440 -468 -517 -592 -669 -738 -770 -850 -866 -1,170 -1,714 Resource balance - 76 - 69 - 93 -134 -178 -191 -198 -156 - 45 - 78 - 107 Factor income, net - 25 - 31 - 35 - 43 - 52 - 6h - 74 -111 -149 - 207 - 318 Transfers, net 9 9 9 10 10 11 11 12 13 - 15 - 17 Current account balance - 92 - 90 -119 -167 -220 -243 -261 -255 -180 - 269 - ,08 Private capital, net 43 55 63 95 106 124 165 173 100 161 242 Medium and long term loans to the public sector, net 39 25 63 81 124 128 101 92 83 119 1B1 Other capital, net - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 International reserves, net (increase = -) 12 12 - 5 - 7 - 8 - 7 - 3 - 8 - 1 - 9 - 13 III. HIGH EXPORT & HIGH GROWTH & ALUMINUM PROJECT /2 Exports of goods and n.f.s. 366 402 427 464 501 562 593 723 856 1,164 1,752 Imports of goods and n.f.s. -442 -470 -519 -594 -672 -741 -773 -853 -870 1,175 1,732 Resource balance - 76 - 68 - 92 -130 -171 -179 -180 -130 - 1II - 11 - 20 Factor income, net - 25 - 31 - 35 - 43 - 53 - 62 - 72 -107 -143 - 183 - 242 Transfers, net 9 9 9 10 10 11 11 12 13 15 - 17 Current account balance - 92 - 89 -119 -163 -213 -230 -241 -226 -143 - 179 - 205 Private capital, net 43 54 63 91 99 111 145 144 64 71 40 Medium and long term loans to the public sector, net 39 25 63 81 124 128 101 92 83 119 181 Other capital, net - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 - 2 International reserves, net (increase=-) 12 12 - 5 - 7 - 8 - 7 - 3 - 8 - 2 - 9 - 14 /1 See Table 2.8 for basic assumptions - main difference with oasic projection (taole 3. ) is a higher growth rate of industrial exports, and a higher growth rate of GDP after 1975. Merchandise exports, see table 3.10 up to 1980 (high level projection), after 1980 assumed to grow by 7.5% yearly. /2 See table 7. for aluminium projec balance of payments. These projections show the direct and indirect impact of the aluminium pro- ject on the balance of payments. Source: IBRD mission estimates. Table 4.1: COSTA RICA EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31,1972 DEBT REPAYABLE IN FOREIGN CURRENCY Page 1 of IN THOUSANDS OF U.S. DOLLARS DEBT OUTSTANDING DECEMBER 31s1972 TYPE OF OFFICIAL LENDING CREDITOR COUNTRY UNDISO TYPE OF CREDITOR DISBURSED BURSED TOTAL BELGIUM 504 504 CANADA 5 * 5 FRANCE 49 49 ITALY 258 360 618 JAPAN 65 " 65 vExICn 2>227 2?227 NETHERLANDS 38 - 38 SPAIN 4,999 301 5,300 S.FDEN 325 - 325 SWITZERLAN 219 36 515 UNITFO KItiOU-4 14 - 14 USA 5p811 - 5p11 SUPPL-IERS 14,574 897 15#471 BAHAMAS 1240 - l240 CANADA 4U0 - 400 CERMANY (Ff.RFP.rF) 83 * 83 F-AN AM A 67 * 87 SWITZERLAND 161 - 161 UNITEO KlIGOC4 454 - 454 USA 23P929 600 24P529 Table 4.1: COSTA RICA: EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31s1972 DEBT REPAYABLE IN FOREIGN CURRENCY Page 2 of 3 IN THOUSANDS OF Ut.S DOLLARS DEBT OUTSTANDING DECEMBER 31sl972 TYPE OF OFFICIAL LENDING CRFOITOR COUNTRY UNDIS- TYPE OF CREDITOR DISBURSED BURSED TOTAL MULTIPLE LFN0ERS 6o0U6 - 6,006 PRIVATE BANKS 32,360 600 32s960 FRANCE 297 - 297 UNITED KINcUm 496 - 496 PUBLICLY ISSUED BONDS 793 - 793 USA 8>152 * 8,15? NATIONALIZATION 8,152 8>152 UNITED KINGUOM 20570 - 2,570 OTHER PRIVATE FINANCIAL INSTs 2P570 2s570 SCTE 19P734 12P490 32232 IRRD 54,934 43,595 98s529 IDA 4,86b " A4868 IDR 5P868 558 6,426 LnANS FROM INTL* ORGANIZATIONS 85#404 56P651 142,055 GERMANY (FED.REF%OF) * 2#172 2,172 POLAND 30 30 M4ANIAP REPUBLIC OF - 640 640 AID 38p3U9 20243 58.552 LKPORT IMPORT BANK 9Y787 1,808 11,595 USA 4bpU96 22#051 70,147 LOANS FROM GOVERNMENTS 46,126 24P863 72P989 TOTAL EXTERNAL PUBLIC DEBT 191P979 83,011 274,990 Table 4.1 : COSTA RICA 1 EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31si972 DEBT REPAYABLE IN FOREIGN CURRENCY Page 3 of 3 IN THOUSANDS OF U.S. DOLLARS DEBT OUTSTANDING DECEMBER 31sI972 TYPE OF OFFICIAL LENDING CREDITOR COUNTRY UtDI!S* TYPE OF CREDITOR DISBURSED BURSED TOTAL NOTEI DEBT WITH A MATURITY OF OVER ONE YEAR: EXCLUDES INF NET DRAWINGS OF S.D.R. 7.8 MILLIONS, EQUIVALEIT TO (u.s.$ 8.5 MILLION). Source: ECONOMIC AND SOCIAL DATA DIVISION ECONOMIC ANALYSIS & PROJECTIONS DEPARTMENT JULY 11, 1973  Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY CRDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 1 of 22 IN THOUSANDS OF U*Ss DOLLARS TOTAL DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONSP DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) C8) 1965 77P349 129#745 25.291 33,697 10*039 4s053 14P092 *26 1966 100P986 144971 12*497 16P941 14903 4*672 19#575 "10657 1967 102*491 140*908 18p149 23#794 15P877 4p859 20p736 0188 1968 110*071 141p992 49#768 27#704 19*563 5P512 25#075 "IP860 1969 118#335 170p337 35,833 21*121 17*879 6s519 24s398 *3# 790 1970 121P650 184#501 57.900 26*914 20P637 6P969 27#606 *120 1971 128P019 219PY44 35,146 47P731 20#179 8*072 28P251 149 1972 155#669 235P060 63*428 59*481 23#672 10P098 33#770 174 1973 191#979 274,990 24p030 19s746 10745 30#491 m1p909 1974 194*140 253*335 * 18s062 18#279 10s397 28*676 1975 193P923 235*056 * 14s873 17*941 9p953 27p894 1976 190#854 217p114 - 10#600 17p315 9*488 26#804 1977 184*139 199*799 7P557 14*359 8p900 23s259 - 1978 177P337 185P440 4,198 10s382 tp422 18P804 1979 171p153 175*058 - 1969 10*489 8s067 18#557 - 1980 162#632 164*568 1 p 115 10*484 7P760 1tS244 * 1981 153*?63 1540084 - 821 11*208 7P372 18P580 * 1982 142PA76 14P*876 - * 11*556 6p789 18p345 a 1983 131*320 131p320 - 11p183 6p151 17p334 u 1984 120*137 120p137 " " 10,802 !.p528 16*330 - 1985 109335 109A335 11*177 4P916 16;093 * 1986 98*158 98*158 10*462 4290 14751 * 1Q7 87*696 87P696 - 8s339 3*747 12*066 1988 79p357 79P357 - " 8*529 3*2b5 11814 * 19h9 70*828 70P828 " 7P833 20818 10s651 * 1990 6?*995 62*995 - - 7*073 2#388 9P461 * 1991 55*922 55*922 - 6p693 2p015 8,709 - 199? 49*028 49*228 * 4#127 1P61'2 5,81. * Table 4.2:COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 2 of 22 IN THOUSANDS OF U*S& DOLLARS SUPPLIERS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED NENTS MENTS PRINCIPAL INTEREST TOTAL MENTS cl) C2) C3) (4) CS) (6) (7) (8) 1965 10065 1824 83 56 596 92 688 - 1966 525 1s311 1p050 824 448 6 454 *5 1967 900 1i908 429 135 379 22 401 -1 1968 657 1.957 2P870 658 287 35 322 1969 1.028 4540 377 636 288 51 339 1970 1375 4#629 1#317 3P555 421 80 501 1 1971 4s510 5#526 10#644 4#422 809 325 1134 1972 8*125 15*361 1.207 7.546 10098 344 Is442 1 1973 14#574 15P471 ?66 3.518 10175 4694 50 1974 11#871 12.002 * 131 2#885 963 3P847 * 1975 9A118 9#118 2P609 739 3.347 * 1976 6P509 6A509 * * 2#422 527 2P949 1977 4P087 4.087 * 2o299 324 2.623 1978 1.788 1.788 * a 861 138 998 - 1979 928 928 * - 862 71 932 1980 66 66 * 52 5 57 1981 15 15 * * 10 1 11 a 1982 5 5 * * 5 a 5 * Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 3 of 22 IN THOUSANDS OF U.S. DOLLARS PRIVATE BANKS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS, DISBURSED INCLUDING COMMIT- DISBURSE= SERVICE #AYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS cl) C2) C3) (4) (5) (6) (7) (8) 1965 23s694 25.229 100195 10o635 6#380 995 7P375 1966 27#949 29>044 4#670 4p190 9>880 1,574 11*454 m200 1967 ??P259 23o634 10530 9P625 10#939 IP854 12P793 1968 20'945 23P225 15p345 5P881 8P095 1.041 9s136 1969 18*731 30s475 2P700 10s335 7P225 1*796 9#021 03#825 1970 21so41 22*125 6,640 5#399 10P786 1#593 12,379 01 1971 16P453 17*978 22,042 22*391 12o122 20073 14#195 *224 1972 26#723 27*674 20p111 20s241 14604 2P156 16,760 -221 1973 32P360 32P960 * 280 70603 2P281 9#883 62P248 1974 22a889 23s109 - 130 6#327 1s739 8#065 - 1975 16P693 16P783 - 90 6P399 1#222 7s622 1976 10s384 10,384 * * 5s852 690 6P542 1977 4,532 4P532 * 3#038 283 3,321 * 1978 1p493 1,493 * * 355 97 452 * 1979 1138 1*138 - * 154 78 232 a 1980 984 984 * * 153 66 218 - 1981 832 832 - * 153 53 206 * 1982 679 679 - * 153 41 194 * 1983 526 526 * * 53 31 83 * 1984 474 474 - * 53 28 80 * 1985 421 421 - 53 24 77 * 1986 368 368 - * 53 21 74 " 1987 316 316 - * 53 18 71 * 1988 263 263 * * 53 15 68 - 1989 211 211 * * 53 12 64 1990 158 158 * * 53 9 61 - 1991 105 105 * * 53 6 58 1992 53 53 * * 53 2 55 - Table 4.2: COSTA RICA:EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 4 of 22 IN THOUSANDS OF U#S& DOLLARS PUBLICLY ISSUED BONDS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONSP DISBURSED INCLUDING COMMIT- DISBURSEW SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS c) (2) (3) (4) (5) (6) cy) ca) 1965 6P864 6#864 * * 340 183 523 *122 1966 60402 6#402 - * 1#325 556 1#881 *684 1967 4#393 4,393 - - 341 62 403 W388 1968 3*664 3*664 * 705 148 853 *41 1969 2P91A 2#918 - - 580 69 649 -36 1970 2#30? 2p302 P * 1021 91 1P112 -24 1971 10?57 1s257 - * 288 43 331 10 1972 979 979 - 177 27 204 *9 1973 793 793 - * 626 20 646 024 1974 143 143 143 2 145 * 1975 * a 1976 * - 1977 * * 1978 --a- - Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31Pi972 , BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 5 of 22 IN THOUSANDS OF U.S* DOLLARS PRIVATELY PLACED BONDS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELa LATIONSP DISBURSED INCLUDING COMMITO DISBURSE* SERVICE PAYMENTS ADJUSTo YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) C7) (8) 1965 2,042 2PO42 1#101 1P101 32 174 206 1966 3p111 3*111 500 500 611 189 800 1967 3.000 3.000 * 500 114 614 a 1968 2P500 2#500 a * 2#500 92 2#592 1969 m w w m o f a Table 4.2: COSTA RICA : EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 6 of 22 IN THOUSANDS OF UsSs DOLLARS NATIONALIZATION DEBT OUTSTANDING TRANSACTIONS DURING PERIOD CANCEL* BEGINNING OF PERIOD CANCEN LATVNSs DISBURSED INCLUDING COMMITe DISBURSE* SERVICE PAYMENTS ADJU*T* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) c ) 1968 - * 10s500 100500 IP000 99 10099 - 1969 95000 9P500 299 731 10030 1970 9p201 9201 - * 323 707 1.030 1971 8#877 8.877 - 349 681 1.030 1 1972 8.529 8P529 * 377 654 1#031 1973 80152 80152 a * 406 624 1,030 * 1974 7P746 7,746 - * 437 592 1#029 a 1975 7p309 7#309 - * 414 558 972 * 1976 6P895 6#895 - * 446 526 972 1977 6#449 6#449 - * 481 491 972 * 1978 5P968 5P968 * * 519 452 971 * 1979 5P449 5#449 * * 560 412 972 * 1980 4.889 4P889 * 604 367 971 * 1981 4.285 4.285 * 652 320 972 * 19e2 3P633 3P633 * * 703 268 971 * 3 .1 r,9/ Table 4.2: COSTA RICA:ExTERNAL PUBLIC DEBT AS or DECEMBER 31#1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 7 of 22 IN THOUSANDS OF UsS* DOLLARS OTHER PRIVATE FINANCIAL INSTs DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMITe DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) CT) (8) 1967 - 2#000 2#000 1o 100 1968 20000 2s000 3#000 2#000 650 242 892 -1p000 1969 3i350 3*350 * 650 258 908 1970 ?P700 2P700 * * 910 226 IP136 1971 l*790 1.790 1,350 * 210 165 375 1972 1'580 2#930 - 1*350 360 205 565 - 1973 2s570 2#570 * 511 212 722 * 1974 2P059 2*059 * - 511 169 679 1975 10548 1s548 * * 511 125 636 - 1976 1,038 1p038 511 82 593 * 1977 527 527 - * 211 45 256 * 1978 316 316 - - 211 25 236 1979 105 105 105 5 110 * Table 4.2: COSTA RICAEXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972 , BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 8 of 22 IN THOUSANDS OF U.S* DOLLARS LOANS FROM INTL. ORGANIZATIONS B CIE DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMIT* DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 * 906 10000 Ip200 34 34 - 1966 10200 1,906 3*917 565 101 68 169 1967 1s664 59722 190 141 118 112 230 1968 1.687 5.794 4#813 905 154 80 234 *3 1969 2o437 10s450 6p080 1#750 255 124 379 4 1970 3,933 16.279 11.325 7P769 324 582 906 1 1971 11.379 27P281 - 5,279 681 947 1#628 1972 15,977 260600 7P070 5#194 10437 991 2P428 - *1 1973 190734 32P232 a 4#888 10971 p149 3.120 * 1974 22#651 30A261 f 3.470 20207 1.254 3,461 - 1975 23#914 28.054 1 .775 2*357 1*268 3s625 1976 23P332 25#697 * 1,182 1#874 1*205 3.079 1977 22#640 23#823 * 742 1966 1#153 3,119 * 1978 21P416 21P857 * 343 1#810 1#083 2s893 1979 19P949 20.047 * 98 1.743 998 2P741 1980 18P304 18s304 * * 1703 907 2s610 1981 16'601 16#601 * 1.703 813 2*516 1982 14#897 14897 * * 1703 719 2#423 1983 13.194 13p194 *o 1703 626 2#329 1984 11#491 11.491 * 1449 537 10985 1985 10.0o4 10.042 o 1449 462 1s911 - 1986 8#594 8594 * 1449 367 1o836 * 1987 7P145 7.145 * 1#433 313 1746 1988 5.712 5.712 * 1.266 240 1#506 1989 4#446 4#446 * 1.031 179 1#210 - 1990 3*415 3.415 * * 735 129 863 - 19 1 ?.80 2*6, * * 523 98 621 - Table 4.2: COSTA RICAEXTERNAL PUBLIC DEBT Ab OF DECEMBER 301972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 9 of 22 IN THOUSANDS OF U.Si DOLLARS LOANS FROM INTLe ORGANIZATIONS IBRD DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELm LATIONSP DISBURSED INCLUDING COMMITO DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) 3) (4) (5) (6) (7) (8) 1965 18#038 41s231 " 11#407 1#793 962 2*755 - 1966 27#650 39P438 - 5i181 10100 830 iP930 *119 1967 31P732 38P219 6#215 1F444 1P409 2.853 1968 36P502 36P775 3#000 273 lp830 2P038 3.868 1969 34#945 37,945 18#500 83 1907 10997 3#904 * 1970 33'121 54538 150700 4#942 10990 2#126 4.116 1971 36P072 68#247 " 9P681 2P073 2.481 4P554 1 1972 43#681 66P175 34#400 13.299 2#046 4P288 6#334 * 1973 54,934 98P529 * 7P853 2.503 3s668 6P171 - 1974 60P284 96#026 * 8067 20788 3P996 61784 1975 65#563 93#238 a 0#930 3P096 4,341 7#437 * 1976 71#397 90,142 * 6P714 3P767 4719 8P486 1977 74p344 86p375 a 4,915 4047 4*912 8s959 - 1978 75.212 82P328 a 3s309 4308 4#965 9,273 1979 74,13 78.020 * 1.871 4P570 40896 9P466 1980 710514 73P450 p 115 40883 4716 9599 1981 67P746 68-567 821 5#207 4468 9.675 1982 63.360 63,360 0 " 5,534 4#179 9#713 1983 57,826 57P826 " 5P668 3.822 9o490 * 1984 5?P158 52#158 * 0 6P033 3s449 9,482 - 1985 46p125 46,125 * 6P425 3,055 9.480 1986 39P700 39#700 " " 6.120 2P645 64765 * 1987 33#580 33#580 - " 4s650 2.263 6A913 1988 28P930 28P930 *5#000 1.933 6.933 1989 23#930 23.930 * 7 4700 1#584 6.284 1990 19,230 19#230 * 4230 1.*257 5#487 * 1991 15.000 150000 - 4055 970 5P025 1992 10o945 10.945 - 1,680 726 2P406 Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 10 of 22 IN THOUSANDS OF U.S* DOLLARS LOANS FROM INTL* ORGANIZATIONS IDA DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS. DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENT4 PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 10658 5#500 * 980 * 15 15 1966 ?P638 5.500 650 * 21 21 1967 3.288 5*500 1s262 26 26 *850 1968 4#550 4650 * * * 33 33 0100 1969 4.550 4550 * * 34 34 * 1970 4*550 4P550 * * * 34 34 1971 4s550 4550 * 23 34 57 * 1972 4527 4.527 * 47 34 81 388 1973 4.868 4.868 * 46 36 82 - 1974 4P823 4#823 * * 46 36 82 * 1975 4#777 4#777 * 46 36 81 * 1976 4W732 4#732 * a 46 35 81 * 1977 40686 4o686 * * 46 35 81 1978 4o641 4641 * 46 35 80 * 1979 4.595 4.595 * * 46 34 80 * 1980 4o550 4o550 * a 46 34 80 a 1981 4.504 4504 * * 91 34 125 * 1982 4P413 4.413 * a 137 33 169 1983 4277 4P277 * * 137 32 168 * 1984 4.140 41140 * * 137 31 167 1985 4004 4.004 * * 137 30 166 1986 3s867 3.867 *137 29 165 1987 3*731 3#731 137 28 164 1988 3.594 3#594 137 27 163 1989 3.458 3P458 137 26 162 a 1990 3.321 3P321 * a 137 25 161 1991 3'185 3P185 * * 137 24 160 a 1992 3.048 3#048 - a 137 23 159 Table 4.2: COSTA RICA:EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972, BY CREDITOR DEBT REPAYASLE IN FOREIGN CURRENCY PAGE 11 of 22 IN THOUSANDS OF U.S. DOLLARS LOANS FROM INTLs ORGANIZATIONS 108 DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* * LATIONS, DISBURSED INCLUDING COMMIT* DISBURSE- SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) c?) (8) 1965 ?P037 7.625 * 10816 203 216 419 1966 3P650 7.422 IP860 i1497 364 261 625 "400 1967 4.784 8.518 1P139 483 320 803 1968 5440 8035 1P545 551 352 903 030 1969 6.433 7.454 1,020 570 399 969 *1 1970 6P883 6P883 2.200 842 388 1*230 * 1971 6'041 8s241 * 629 926 375 1P301 66 1972 5.744 7P381 10079 955 361 1316 * 1973 5868 6s426 242 949 366 1#314 * 1974 5P161 5,477 * 198 977 327 1#304 * 1975 4383 4P501 - 118 485 291 776 * 1976 4p016 4016 * * 485 268 753 * 1977 3P531 3.531 * * 485 236 721 1978 3.046 3.046 * - 485 204 689 - 1979 2.561 2#561 a 485 172 657 * 1980 2.076 2,076 485 140 625 * 1981 1591 1*591 - * 485 108 592 - 1982 10106 1.106 * 409 75 454 1983 697 697 * * 174 52 227 * 1984 523 523 * - 174 38 213 * 1985 349 349 - " 174 24 199 * 1986 174 174 - 174 10 185 * Table 4.2: COSTA RICA:EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 12 of 22 IN THOUSANDS OF UsS. DOLLARS LOANS FROM INTL* ORGANIZATIONS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMITe DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (1) (8) 1965 21,?33 55.262 1P000 15*403 1.996 1#227 3#223 1966 35.138 54#266 50777 7t93 1.565 1s180 2.45 -519 1967 41P468 57P959 190 8P757 2#045 1.867 3P912 0850 1968 48.179 55P254 7.813 2P723 2.535 2P503 5.038 "133 1969 48o365 60s399 24s580 2.653 20732 2,554 5#286 3 1970 48p487 82P250 29.295 12.711 3P156 3p130 6P286 1971 58.042 108#319 0 15P589 3*7U3 3.837 7540 67 1972 69o929 104683 41,470 19#572 4P485 5.674 10,159 387 1973 85o404 142#055 * 12.983 5s468 5.3219 10,687 1974 92P919 136P587 11s?35 6,017 5P614 11F631 1975 98.637 130s570 * 10s823 5#984 5#936 11.920 1976 103P476 124586 7.896 60171 6P228 12P400 1977 105p201 118#415 5#657 6P543 6337 12.881 1978 104315 111#872 3.652 6P649 6.286 12P935 * 1979 101.318 105.223 1,969 6.844 6@100 12s943 1980 96P443 98.379 * 1115 7.117 5P797 12.913 1981 90P442 91#263 * 821 7#486 5P423 12,909 1982 83#777 83.777 - 7#783 50007 12#789 * 1983 75#994 75#994 * U 7#682 4P531 12p213 * 1984 68p312 68o312 * * 7.792 0055 11.847 - 1985 60.520 60.520 U * 8P184 30571 11.756 U 1986 52#335 52#335 * * 7.879 3.071 10s951 - 1987 44456 44.456 - * 6s219 2.604 8P823 - 1988 38.236 38#236 * 6.403 2#199 8s602 U 1989 31833 31.833 * 5.868 1s788 7*656 - 1990 25.966 25#966 * U 5101 1s411 6s512 - 1991 20P865 20.865 * U 4.715 1.091 5.806 1992 16150 16.150 U U 2p141 822 2*963 * Table 4.2: COSTA RICA:EXTERNAL PUBLIC DEBT AS OF DECEMBER 31st972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 13 of 22 IN THOUSANDS OF U*S* DOLLARS LOANS FROM GOVERNMENTS EL SALVADOR DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL& LATIONSP DISBURSED INCLUDING COMMITO DISBURSEM SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) c( ) (8) 1965 977 977 * 30 67 97 1966 947 947 * U 34 65 99 1967 913 913 - * 40 47 87 1968 873 873 * * 33 15 48 1969 840 840 840 39 879 1970 * a a * Table 4.2: COSTA RICA:EXTERNAL PUBLIC DEST AS OF DECEMBER 31#1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 14 of 22 IN THOUSANDS OF U.S* DOLLARS LOANS FROM GOVERNMENTS GERMANY (FED#REP.OF) DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELw LATIONSP DISBURSED INCLUDING COMMIT- DISBURSEM SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS cl) (2) (3) (4) (5) (6) (y) (8) 1968 * 1,750 * * * * * 1969 * I750 * * 162 1970 * 1#912 l * a * 1971 1.912 a * * 260 1972 * 2p172 a * * * 1973 * 2.172 888 a 0 * 314 1974 888 2,486 711 166 25 191 1975 1p433 2#320 * 532 166 42 207 1976 10799 2#154 * 355 166 53 218 1977 1p988 1.988 a a 166 58 224 1978 1p823 1sd23 * * 166 53 219 * 1979 1.657 1#657 * a 166 48 214 * 1980 is491 1.491 a 166 43 209 * 1981 1#326 1#326 * a 166 39 204 * 1982 1sP60 1P160 a a 166 34 199 * 1983 994 994 a * 166 29 194 1984 829 829 a 166 24 189 * 1985 663 663 a " 166 19 184 * 1986 497 497 * a 166 14 179 - 1987 331 331 166 9 174 * 1988 166 166 a a 166 4 169 * Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31*197Z BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 15 of 22 IN THOUSANDS OF U&Sa DOLLARS LOANS FROM GOVERNMENTS GUATEMALA DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSD DISBURSED INCLUDING COMMIT" DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 986 986 26 68 94 1966 960 960 * 16 89 105 1967 944 944 26 49 75 1968 918 918 - " 29 31 60 1969 890 890 * * 890 49 939 1970 * * - Table 4.2: COSTA RICAXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972 , BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 16 of 22 IN THOUSANDS OF U6So DOLLARS LOANS FROM GOVERNMENTS HONDURAS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS# DISBURSED INCLUDING COMMITO DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) cy) ca) 1965 1P546 1*546 112 112 46 111 157 - 1966 1*612 1*612 * 58 111 169 1967 1,554 1*554 * 48 148 196 - 196 1.0506 1#506 * 48 122 170 1969 10457 1*457 * * 1*457 70 1o527 1970 * * * * Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31p1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 17 of 22 IN THOUSANDS OF-UsSs DOLLARS LOANS FROM GOVERNMENTS POLAND DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS# DISBURSED INCLUDING COMMITa DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) C2) (3) (4) (5) (6) (7) (8) 1969 * 76 m " " 1970 * 76 - 76 15 2 17 1971 61 61 * * 15 3 18 -1 1972 45 45 * 15 3 18 1973 30 30 * * 15 2 17 * 1974 15 15 * * 15 1 16 Table 4.2: COSTA RMCA EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY CREDOIOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 18 of 22 IN THOUSANDS OF U&S* DOLLARS LOANS FROM GOVERNMENTS ROMANIAP REPUBLIC OF DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMIT* DISBURSE& SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL NENTS (1) (2) (3) (4) CS) (6) (7) (8) 1972 - 640 * * 1973 640 301 91 "5 86 1974 210 549 " 192 91 13 104 - 1975 310 457 102 91 19 110 * 1976 321 366 45 91 19 111 1977 274 274 * - 91 16 108 1978 183 183 91 11 102 1979 91 91 91 5 97 * Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 310 1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 19 of 22 IN THOUSANDS OF U6S* DOLLARS LOANS FROM GOVERNMENTS USA - AlD DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS, DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 2.832 13#600 5800 6,205 96 103 199 96 1966 9.037 19#400 500 3,161 151 160 311 "249 1967 1?p198 199500 5#000 2.896 52 118 170 52 1968 15,094 24500 8P490 3#599 160 211 371 "687 1969 15.697 32.143 80100 3,899 111 167 278 -92 1970 22P596 40.040 20#000 2.698 114 227 341 *1,798 1971 25.294 58p128 610 40091 117 276 393 36 1972 29P353 580657 * 8956 121 427 548 16 1973 38P309 58552 m 70227 - 592 592 1974 45.536 58P552 w 4#940 223 734 957 * 1975 50.253 58.329 a 3#326 361 846 1#207 * 1976 53217 57#967 w 2.304 514 974 1.487 - 1977 55P007 57#453 * 1.900 550 10017 1567 * 1978 56P358 56P904 * 546 653 1,084 1#737 - 1979 56.251 56#251 a * 838 1.121 1.959 1980 55.413 55#413 - 1522 1303 24825 - 1981 53.891 53#891 ** 1871 1.407 3#278 - 1982 520020 52P020 * * 1875 1.359 3#234 1983 50P145 50.145 I* 1880 1.311 3,191 * 198A 48.265 48.265 * * 885 1#263 3,148 * 1985 46P380 46P380 * 1,890 1.214 3.104 1986 44P489 44#489 1 896 1.165 3.o61 1987 42*593 42.593 * * 1.901 1,116 3.018 - 1988 40.692 400692 * 1907 1.067 2#975 1989 38785 38.785 - * 1913 1018 2s931 1990 36.871 36P871 * * 1,920 968 2888 * 1991 34952 34.952 * * 1926 919 2.845 1992 33#026 33.026 I * 1.933 868 2p801 Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31o1972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 20 of 22 IN THOUSANDS OF Us$& DOLLARS LOANS FROM GOVERNMENTS USA - EXPORT IMPORT BANK DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS# DISBURSED INCLUDING COMMITe DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS c1) (2) C3) (4) (5) (6) (7) (a) 1965 15.610 21.415 7,000 185 497 1#033 1s530 1966 15.305 27P918 * 373 815 742 1#557 1967 14s862 27P103 * 381 1.507 478 1.985 1968 13#735 25P595 - 2P343 3#521 973 4P494 1969 12,559 22P075 3P398 20807 735 3#542 2 1970 13s14g 19.266 718 2P475 39891 913 4804 1971 11.735 16P096 500 1238 2P566 669 3P235 1972 10.406 14.030 a 1#816 2#435 608 3s043 1973 9.787 11.595 1 1585 1.509 625 2.134 1974 9P863 10.086 223 1464 547 2.011 1975 8#622 8P622 * 1*407 466 10873 1976 7.p16 7.216 I * 1142 390 1532 1977 6#073 6.073 - r 980 327 1.307 1978 5.093 5.093 * 878 275 1.153 1979 4.216 4216 - * 870 227 1#097 1980 30346 3,346 * * 872 179 10051 1981 2.474 2.#474 - 871 130 1,0001 1982 IP603 1.603 - * 872 81 953 1983 731 731 - 644 36 680 * 1984 87 87 * 87 6 93 Table 4.2: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972, BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 21 of 22 IN THOUSANDS OF U.S* DOLLARS LOANS FROM GOVERNMENTS USA DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS, DISBURSED INCLUDING COMMIT- DISBURSEO SERVICE PAYMENTS ADJUST* YEAR ONLY UNOISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) C2) (3) (4) (5) (6) (7) (a) 1965 18,442 35*015 12-800 6#390 593 s136 1#729 96 1966 24P342 47>318 500 3*534 966 902 1P868 m249 1967 27s060 46o603 5p000 3*277 1i559 596 2#155 51 1968 28#829 50*095 8s490 5#942 3*681 10184 4865 0686 1969 31s?56 54*218 8#100 7P297 2P918 902 3*820 *94 1970 35P744 59,306 20*718 5p173 4p005 I140 5P145 "IA?95 1971 37s029 74#224 1110 5P329 2o683 945 3P628 36 1972 39P759 72s687 10*772 2*556 1*035 3P591 16 1973 48s096 70s147 8 812 1#509 1*217 2p726 1974 55399 68P638 * 5P163 1*687 1*281 2#968 * 1975 58*875 66A951 - 3P326 1o768 1*312 3,080 1976 60*433 65*183 - 2P304 1o656 1s364 3*020 - 1977 61*081 63P527 - 1*900 1*530 1*344 2#874 * 1978 61s451 61,997 * 546 1*531 1*360 2*891 - 1979 60s466 60s466 a * 1*708 1*348 3*056 1980 58*758 58#758 a 2*394 1*482 3,876 1981 56*365 56*365 a - 2P742 1s537 4278 - 1982 53*623 53*623 a - 2P747 10440 4*187 * 1983 50*876 50*876 - - 2P524 10347 3*871 - 1984 48*352 48*352 - " 1*972 10269 3A241 * 1985 46*360 46P380 - 8 1a90 1,214 3s104 - 1986 44*489 44489 IP 1896 1*165 3*061 1987 42593 42#593 0 1*901 1P116 3*018 * 1988 40*692 40p692 a 1*907 1s067 2P975 * 1989 38*785 38*785 * 1*913 1*018 2*931 1990 36#871 36o871 * * 1s920 968 2#888 - 1991 34,95? 34952 - - 1*926 919 2P845 1992 33#026 33*026 a * 933 868 2#801 * Table 4.2 COSTA RICA : EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972 , BY CREDITOR DEBT REPAYABLE IN FOREIGN CURRENCY PAGE 22 of 22 IN THOUSANDS OF U.S* DOLLARS LOANS FROM GOVERNMENTS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS, DISBURSED INCLUDING COMMITO DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 20951 38.524 12P912 6#502 695 1#382 2P077 96 1966 27#861 50s837 500 30534 0074 1P167 2s241 *249 1967 30P471 50.014 5s000 3P277 1.673 840 2P513 51 1968 32P126 53.392 10.240 S942 30791 1352 5143 "686 1969 34.443 59P155 8P176 7P297 6P105 10060 7,165 68 1970 35.744 61o294 20s718 5.249 4020 1#142 5.162 -^&795 1971 37P090 76s197 1110 5.329 2#698 948 3.646 295 1972 39#804 74.904 640 10.772 2.571 1.038 3.609 16 1973 48.126 72.989 100001 1.615 1.213 2P829 314 1974 56.512 71#687 * 6.066 1.959 1.319 3.279 1975 600618 69.728 U 3P960 2,025 1.372 3.397 1976 62.553 67P703 * 2,704 1o913 1.436 3p349 1977 63P344 65.790 * 1900 1,787 1s419 3*206 * 1978 63.457 64#003 * 546 10788 1.424 3#212 1979 62015 62.215 *a 1.965 1.402 3#367 * 1980 60#250 60.250 * 20559 1.525 4.085 1981 57P690 57#690 * a 2.907 1575 4#483 1982 54#783 54#783 M * 2.913 1.473 4,386 * 1983 51P870 51.870 W a 2o690 1.376 4.066 * 1984 49.180 49.180 * 2,138 IP292 3#430 1985 47#049 47.042 a 0 2.056 1#233 3.289 * 1986 44.*986 44#986 a a 2062 10179 3.241 * 1987 42925 42s925 * a 2.067 1P125 3s192 * 1988 40.858 40.858 a * 2.073 1.071 3.144 - 1989 38o785 38P785 1 1#913 10018 2.931 1990 36P871 36s871 * * 1920 968 2#888 1991 34.952 34P952 * * 1926 919 2P845 1992 330026 33.026 a 1.933 868 2P801 Source: Economic and Social Data Division, IBRD Table 4.3 COSTA RICA:EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 311972, BY CREDITOR - FOR LOANS ISSUED DURING THE PERIOD JANUARY 1# 1900 - DECEMBER 31,1972 DEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF U.Sa DOLLARS Page 1 of 10 DEBT OUTSTANDING DECEMBER 31i1972 CURRENCY DISBURSED CREDITUR COUNTRY UNDIS" TYPE OF CREDITOR DISBURSED BURSED TOTAL DISBURSED IN LCAL CURRENCY 6.8O5 3,127 10--012 bCIE 6pb65 3,12 r 1O012 DISBURSED IN LCAL CURRENCY 40b4 5#429 9.913 DiS8URSEU IN FUREIGN LURRENCY 21.622 22P931 44753 1b 25i.*U6 21*36U 54266 LOANS FROM INTL* ORGANIZATIONS 32.791 31#487 644278 DISBURSED IN LOCAL CURRENCY 1" 1* S viIZ E LA N U 18 18d CURRENCY OF UISSURSEMENT UNKNiWN Ys2U0 3 7#203 USA 7,2U0 3 7*203 LOANS FROM GOVERNMENTS 7*218 3 1s221 TOTAL EXTERNAL PUBLIC DEBT 40#009 31#490 710499 NOTEs DEBT WITH A MATURITY OF OVER ONE YEAR Table li,3COSTA RICA : EXTERNAL PUBLIC DET AS OF DECEMBER 31o1972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY 1. 1900 * DECEMBER 31.1972 DEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF U&So DOLLARS TOTAL Page 2 of 10 DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELO LATIONS# DISBURSED INCLUDING COMMIT" DISBURSEs SERVICE PAYMENTS ADJUSTO YEAR ONLY UNDISBURSLD MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 2 12p4UU 1171 241 286 527 20-932 1966 12P1du 33oU91 3P523 3'200 323 366 689 "150 1967 14.907 36o141 1v37u 4,880 508 439 947 *52 196b 19.228 36,951 10031 5.156 843 504 1347 .162 1969 23#382 36,977 11F160 op180 1,0025 789 1p814 -1,378 19t0 28#428 45*t34 6.431 50188 P1,496 990 2#08t 1io 1971 32,011 52.559 12P80d 4s845 1,899 1o174 3s073 -119 1912 34p639 63P349 10p4di I506 2p213 1.350 3,563 "122 1973 410009 71P499 - 1O391 2*859 1,347 4.206 - 1914 41--541 6d#t4U 7 #643 3,472 1,60d 5P080 1975 5 1711 65p167 5#U65 3,905 1#740 5726 - 1976 Z2o791 611d2 3780 4#253 1#764 6v017 * 1977 J2s31 . 56*929 2,942 4288 1.737 6*025 1970 50972 52p641 1#414 4278 1s685 5pY63 1979 4d.10Y 4d,364 255 4,311 1,583 5894 1930 44053 44.053 p 4222 1,441 5.662 - 1931 39341 39,831 m * 4,318 1,292 5.610 * 1932 35.514 35#513 * 4o096 1p141 5.237 1933 31,417 31,417 * - 3#817 10005 4.821 * 1984 27p601 27601 - * 3#6o8 873 4#561 - 19d 23p912 23P912 3.530 743 4273 1986 2U.4d3 20383 - - 2,999 620 3s619 A9,7 17,3d4 17f3d4 - " 2.300 51d 2-818 1988 15.084 15,004 - " 2p121 442 2.563 1939 12*963 12.963 5 * 2,046 373 2P419 1990 100917 10917 P 1.834 309 2#143 1991 9.083 9PU83 P 1659 251 1F910 - 1992 7,424 7,424 - * 1,356 196 1#553 - Table)4. 3 COSTA RICA s EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31 1972 BY CREDITOR t . A 1S IJ u v I-,u TML FLH10uU JA NuANY 1s 19uv 0 * LCLwLae i03972 OLUT HLFAYAbLL IN LOCAL CUkRLNCY IN THOUSANDS OF U@Ss DOLLARS LOANS FROM INTLe ORGANIZATIONS Page 3 of 10 UCIE DISBURSED IN IDCAL CURRENCY DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS* DISBURSED INCLUDING COMMIT- DISBURSEO SERVICE PAYMENTS ADJUST; YEAR ONLY UNUISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) C2) (3) (4) (5) (6) (1) (8) 1965 l 00ou * * * 197 1966 197 1P197 783 " 22 4 26 1967 175 1*958 w 10000 28 11 39 * 1968 -o147 1,930 986 676 19 19 98 196 1*744 2.o36 10160 562 b3 94 177 2 1970 2*225 3#915 1*331 78 67 119 186 1Q71 2*236 5P179 3.008 1,104 66 146 234 Is72 3P255 8>101 2*185 3P905 274 242 516 * 1973 6*685 10.*12 1 1#486 485 469 954 * 1974 7*b86 9,527 828 593 541 1s133 U 1975 8,122 8935 - 301 628 560 1188* 1916 70795 b,307 " 231 663 543 1@206 - 1977 7p363 7044 171 621 518 1s139 * 1978 60913 7s023 * 90 580 49U 1#070 * 1979 6p423 6*443 " 20 560 456 1#036 19d0 5.864 5.t64 5 " 415 994 * 1981 5*?34 5*284 - * 580 371 951 * 1982 4,705 4p705 580 328 9G8 19q' 4#125 4P125 U * 580 285 864 * 1964 3P546 3,546 " 500 241 821 U 1985 2*966 2 966 " 500 198 778 * 1986 2p3d7 21tW7 U 525 156 681 * 19d7 1#861 1se61 - 423 116 538 * 1986 1p439 1*439 320 90 410 U 1989 1s119 1i119 U * 239 69 309 1990 800 .8U " 170 53 223 1991 709 709 * U 122 41 164 * 192 587 57 U 122 31 153 " Table 43 COSTA RICA: EXTLRNAL PUBLIC DEUT AS OF UECLMBLR 31s1972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY 1 1900 u DECEMbER 31.1972 DEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF UsSo DOLLARS LOANS FROM INTL* ORGANIZATIONS Page 4 of 10 108 DISHIRSED IN LOCAL CURRENCY DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL; LATIONS DISBURSED INCLUDING CUMMIT* DISBURSE- SERVICE PAYMENTS ADJUSTa YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) C5) (6) (b) (8) 1965 - * 47v 273 50 31 81 98? 1966 891 1.407 54U 508 60 37 97 * 1967 1339 1ot87 20U 197 74 51 125 *t 196d 1P462 2P012 - 259 138 54 192 19610 1.583 1os73 2p520 6 151 68 219 * 1970 1438 4,-242 700 # 38 198 79 277 3 1971 2.581 4,747 2p400 1,022 239 133 372 1912 3.363 6s907 2#870 985 264 162 426 1973 4p064 90513 * 1781 328 128 456 1974 5p537 90185 1-271 363 167 529 1975 6#445 8*622 859 411 193 604 * 1976 6.593 6,411 693 416 206 622 £917 rp1t0 7,995 504 416 213 629 * 1974 77256 7P579 " 249 416 215 631 1979 1.091 7#163 " 72 416 210 626 193U 6p747 6,747 416 198 614 1981 6i332 6P332 455 184 640 * 1982 5P876 5S676 * 450 170 620 * 1983 5P427 5P427 * 444 156 600 1984 4983 4#983 - 444 142 586 1985 4539 4,0539 * 444 128 572 * 1986 4094 4.094 - 418 114 533 1937 3.676 3po76 - - 411 102 512 1)88 3P266 3P266 * 3V9 89 468 - 1989 2P867 2s67 * 399 77 476 * 1990 2''66 2P468 - 361 65 446 1991 2.087 2>O87 * . 381 53 434 * 1992 1705 1.705 * a 319 41 300 * Table 4.3 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY l 1900 - DECEMBER 31#1972 DEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF USe DOLLARS Page S of 10 LOANS FROM INTL* ORGANIZATIONS 1D DISBURSED IN FOREIGN CURRENCY DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL& LATIONSP DISBURSED INCLUDING COMMIT* DISBURSEN SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (6) 1965 * 10#93v 891 91 83 174 9#452 1966 4*403 20'291 2p2ulj 2P256 141 142 283 1 1967 6.519 22>351 1p170 3#666 276 196 472 - 196,j 9909 23.245 f 3pb23 345 246 593 * 1969 13.388 22p9000 7'480 4.007 442 434 876 -10270 197u 16'953 2b8668 040k; 3P089 duo 561 1#361 1 1971 19>243 34P269 704ou 2s319 10129 656 10785 1972 20P432 40.039 5#43u 2*606 1s215 710 1#933 1973 21,822 44P/53 71021 1,444 499 1,943 - 1974 27t499 43.309 5. 544 1,894 670 2>5b3 c Iv7t 31p'49 41,415 3,905 2,309 78U 3,089 1976 32P145 39s106 2'856 2,514 630 3#345 1977 33s0i7 36s592 - 2*267 2#566 846 3P412 " 1976 32,788 34,026 10075 2,573 844 3#417 1979 31269 31P452 " 163 2*5?0 808 3s388 1960 28pt312 28,812 2,567 743 3s331 i98i 26#2'5 26P2O5 0 5 2,666 674 3*339 198a 23s619 23s619 2,633 603 3#235 - 1983 20966 20986 0 " 2#553 535 3*088 1964 16#434 1di434 * - 2,416 469 2*885 1985 16*018 10P018 " 2,249 405 2*654 - 19 6 1p1709 13*169 1#923 347 2p270 1937 11s146 11p84o " 1.467 301 1#768 " 1986 10379 10379 1#402 263 1s665 198 o977 dos917 ** 1408 227 1635 1990 7-569 7,jb9 1,262 191 1#474 - 1991 6,2a7 6s287 1# 1155 158 1313 1992 5,131 5>131 * 914 126 1*041 Tqble 4.3 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, B CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY 1# 1900 - DECEMBER 31s1972 UEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF U*S9 DOLLARS Page 6 of 10 LOANS FROM INTL* ORGANIZATIONS 108 DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELf LATIONSo DISBURSED INCLUDING COMMIT* DISBURSE- SERVICE PAYMENTS ADJUST" YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 " 11.400 Ip164 141 114 255 10,439 1966 5#294 21.698 2s740 2s764 201 179 380 1 1961 10850 24.238 1p370 3.863 350 247 597 "1 1968 11.311 25p257 4.082 463 302 785 1969 140971 24773 10.00U 4.U13 593 502 I095 *1#270 1970 1di391 32.910 7.100 4s427 998 640 1s638 4 1971 21*824 39P016 c80 3#341 1s368 789 2.157 02 1972 23.795 47.446 8p300 3P591 1.479 880 2#359 01 1973 259406 54266 8P902 1#773 626 2o399 1974 31-035 52.493 " 6#815 2.256 836 3#093 - 1975 3/P594 50237 " 4#764 2*720 973 3s693 1976 39#638 47.517 - 3P549 2P930 1,036 3#966 " 1977 40.*257 4 4sel " o 2o771 2,982 0059 4.041 1978 40P046 41s605 1 1#324 2P989 1,0059 4#048 1979 3b#3d0 38#615 - 235 2P996 ,017 4#013 1930 35P619 35.619 3U003 942 3.945 19d1 32.616 32.616 " 3*121 858 3.979 1982 29.495 29.495 - 3#062 773 3.855 * 19d3 26#413 26P413 * 2.997 691 3.66 1984 23p416 23.416 " 2#860 611 3#471 1985 20556 20#556 U U 2.693 534 3P226 1986 17A864 17.864 U U 2P341 462 2#803 * 1987 15.522 15.522 P 1.878 402 2.280 * 1988 13P645 13.045 1 U 0801 352 2.153 * 1989 11sd44 11#844 * 1,897 304 2.110* 1990 10037 10037 P 1s664 25e 1.919 1991 8.373 b.373 1 . 0537 210 1s747 1992 6P837 6.837 a * 1.233 167 1#400 Table 4.3 COSTA RICA: EXTERNAL PUBLIC UEdT AS OF DECEMBER 31sI972 , BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY 1# 1900 - DECEMBER 31#1972 DEBT REPAYABLE IN LOCAL CURRENCY Page 7 of 10 IN THOUSANDS OF U*Ss DOLLARS LOANS FROM INTL. ORGANIZATIONS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL; LATIONS, DISBURSED INCLUDING COMMITO DISBURSE- SERVICE PAYMENTS ADJUSTO YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 " 12,400 1164 141 114 255 10s636 1966 5491 ' 22o695 3P523 2.764 223 183 406 1 1967 dp033 26*196 1370 4863 378 258 636 *1 1956 12s518 27u1b7 986 4,758 562 321 663 -2 i969 16*715 2Y0609 11.160 4P575 676 596 IP272 -11268 1970 20'616 36'b25 6*431 4>505 1065 759 1.824 4 191 24p06U 44o195 12.8U6 4.445 1s454 937 2P391 2 1972 27s050 55p547 10485 7.496 1p753 1#122 2P875 *1 1973 32P791 64o278 - 10s388 2.257 1,095 3P353 19/4 40922 62,021 0 7s643 2,849 1,377 4P226 1915 45,716 59#172 m 5#065 3*348 1.532 4,s681 * 1Y76 47s432 55pt23 - 39780 3,593 1,579 5*172 - 1971 41o619 52023u - 2o942 3p603 10570 5180 1976 46p958 48P627 1#414 3#569 1,549 5118 1919 44p8u3 4505d 255 3,576 1,473 5*049 19tf 41p483 41p463 " 3A563 1.357 4P939 * 1981 31900 379U0 0 0 3,700 I,229 0,930 1982 34P2UU 34p2UO " 0 3P662 1s101 4P763 * 1963 3U,536 3Qo530 * - 3P576 976 4#552 1984 26P96? 2b>Y62 " " 3,439 653 4#292 0 i905 23P522 23i522 p 3,2?2 732 004 19136 20#250 20*25U " 286b6 617 3s484 1967 17P364 17P384 " 2.300 516 20818 196 15.084 15PU84 2* 2121 442 2*563 * 1969 12p963 12P963 " 2,046 373 2P419 i99u 10#911 1uP9 -17 *o 1b4 309 2s143 * 1991 9.033 9,u83 * 1,659 251 1,910 a 1992 7#424 70424 u 1.356 190 1#553 - Table 4.3 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31PI972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY Is 1900 - DECEMBER 31P1972 DEBT REPAYABLE IN LOCAL CURRENCY Page 8 of 10 IN THOUSANDS OF U*Se DOLLARS LOANS FROM GOVERNMENTS SWITZERLAND DISBURSED IN ILCAL CURRENCY DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL& LATIONS* DISBURSED INCLUDING COMMITO DISBURSE" SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) C7) (8) 1968 * a 45 * * * 1969 45 20 a 197U 20 45 - 25 9 a 9 1971 36 36 * a 9 " 9 a 1972 27 27 - " 9 9 a 1973 18 1a 9 " 9 a 1974 9 9 - * 9 a 9 a Table 4.3 COSTA RICA : EXTERNAL PUBLIC DEbT AS OF DECEMBER 31#1972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIOD JANUARY 1* 1900 * DECEMBER 31s1972 DEBT REPAYABLE IN LOCAL CURRENCY Page 9 of 10 IN THOUSANDS OF U*S* DOLLARS LOANS FROM GOVERNMENTS USA DISBURSED IN LOCAL CURRENCY DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONSP DISBURSED INCLUDING COMMIT- DISBURSE- SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS HENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 - " " 7 lo 172 272 10#296 1966 6p689 10196 " 436 100 183 283 -151 1967 6,874 9>945 " 17 130 181 311 "51 1966 6710 9,764 398 2L1 183 464 -160 1969 6-667 9'i23 1S#85 349 193 542 -110 1970 7F792 b64 " 65b 422 231 653 -114 19y1 7,915 t>328 400 436 237 673 :117 1972 7o762 7,e75 - 10 451 228 679 0121 1973 1s?00 7j2U3 - 3 593 252 845 * 197a 6*6.'U 6p610 615 230 645 * 197, 5,995 5.995 - * 637 208 845 * 1976 5#358 5s358 d b 660 185 845 * 19774 8 ,6 Y4*0 6t4 161 845 * 1978 4p014 4,.u14 - * 709 136 b45 - 1979 303u5 3.305 * 735 110 845 1960 2,570 2s570 639 84 723 - 1-b 1>931 IP931 " 618 62 660 I902 la314 1p314 - - 434 40 475 1983 879 b79 - - 240 29 269 " 1 )84 639 639 249 20 269 - 19bt 390 390 - 0 258 11 269 0 b6 132 132 - 132 2 135 * Table 4.3 COSTA RICA : EXTERNAL PUBLIC DEbT AS OF DECEMBER 31,,1972, BY CREDITOR FOR LOANS ISSUED DURING THE PERIUD JANUARY 1* 1900 - DECEMBER 31#1972 DEBT REPAYABLE IN LOCAL CURRENCY Page 10 of 10 IN THOUSANDS OF U*S* DOLLARS LOANS FROM GOVERNMENTS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL; LATIONS> DISbURSED INCLUDING COMMIT1 DISBURSE- SERVICE PAYMENTS ADJUST" YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MLNTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 * " 7 100 172 272 10#296 1966 6-689 10196 436 100 183 283 .151 1961 6*d74 9,945 17 130 181 311 *St 1966 61710 9#764 45 396 261 133 464 -160 1V69 6>6o7 9P368 1P605 349 193 542 -110 197Q 7*812 6a909 683 431 231 662 -114 1971 7>951 8.364 400 445 237 682 *117 1972 7#789 70uU2 10 460 22d 688 -121 1973 7P218 7P221 " 3 602 252 854 1974 6#619 6019 624 230 854 1975 5P995 5P995 U * 637 20b 845 * 1976 5P358 5.#358 " 660 185 845 1977 4P698 4698 " 6b4 161 845 1978 4P014 4PU14 7U9 136 845 * 1979 3#305 3p305 " 5 735 110 845 * 1980 2o57U 2P570 639 64 723 1981 1931 1#931 * 618 62 680 1982 1s314 1,314 * * 434 40 475 - 1983 879 679 a * 240 29 269 1914 639 b39 0 0 249 20 269 1985 390 390 " 258 11 269 1986 132 132 " a 132 2 135 Source: Economic and Social Data Divison, IBRD. Table 4. COSTA RICA:EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31P1972, BY DEBOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U*S# DOLLARS Page 1 of 9 DEBT OUTSTANDING DECEMBER 31P1972 UNDIS" TYPE OF DEBTOR DISBURSED BURSED TOTAL CENTRAL GOVT. (DIRECT) 83#125 46.067 129*192 CENTRAL BANK lIP969 9P220 21P189 CENTRAL GOVT. (AUTONOM AGENCIE) 4P368 2251 6#619 LOCAL GnVTs (DIRECT) 954 a 954 PUBLIC CORPORATION 69P865 23P570 93P435 OFFICIAL DEVELOPMENT BANK 21#698 1#903 23P601 TOTAL EXTERNAL PUBLIC DEBT 1910979 83s011 274s990 NOTEI DEBT WITH A MATURITY OF OVER ONE YEAR Table. COSTA RICA : EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972 , BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U*S# DOLLARS Page 2 of 9 CENTRAL GOVTs (DIRECT) DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELo LATIONSP DISBURSED INCLUDING COMMIT* DISBURSE' SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS c1) (2) (3) (4) CS) (6) (7) (8) 1965 41,491 63#046 13,888 12P505 40060 2,097 6p157 *25 1966 49*916 72,849 5.492 6P517 6P042 2*301 8p343 *934 1967 49P856 71#365 1#240 6P899 5*215 2P192 7P407 "1,186 1968 51P?03 66#204 16#597 4p305 9#701 2P160 11#861 *829 1969 45P932 72.271 9P740 5,137' 7P979 1#533 9s512 *127 1970 43#163 73#905 52#877 170198 12#116 1#879 13P995 "I815 1971 48.339 112P851 23s439 23P811 10s410 2*453 12P863 44 1972 61#834 125s924 15P420 33*338 12#549 4J021 16#570 397 1973 83125 129*192 * 16#797 7*279 3P951 11*230 "A*i74 1974 90s868 120*138 * 11#034 7#284 4*013 11296 1975 94*619 112*855 * 7P327 7*640 3P905 11P544 1976 94#306 105#215 * 4*955 7#274 3P664 10*938 1977 91P987 97#941 - 3*556 5*288 3P390 8s677 1978 900?55 92#653 * 1#643 3P670 3*195 6#865 1979 88*228 88P983 - 657 3*801 3*067 6*868 - 1980 85#084 85*182 * 56 3*773 3*093 6*866 1981 81*366 81*408 * 42 4*160 3*059 1s219 1982 77p249 77P249 4*251 2*878 To129 1983 720998 72*998 * 3*833 2#700 6*532 1984 69P165 69*165 3*645 2*541 6*185 1985 65*520 65P520 * 3*593 2*389 5P982 1986 61P927 61s927 * * 3*633 2*241 5*875 - 1987 58#794 58*294 * 3s674 2*091 5*765 1988 54620 54*620 * 3*569 1*938 5P507 1989 510050 51#050 * 3.380 1*793 5*173 - 1990 47s670 47P670 * * 3*140 1*657 4P796 1991 44P531 44*531 * 2.980 1*536 4*515 * 1992 41*551 41*551 * * 2*838 1*416 4*255 - Table 4UCOSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972 , BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U#Ss DOLLARS Page 3 of 9 LOCAL GOVT* (DIRECT) DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSP DISBURSED INCLUDING COMMITO DISSURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) c?) (8) 1970 * 1P000 * * * 1971 * 1000 22 1.022* 92 92 1972 1#022 1#022 500 500 568 159 727 1973 954 954 - 151 59 210 1974 803 803 * * 235 49 283 1975 568 568 * * 318 30 348 1976 250 250 * * 167 13 179 1977 83 83 * a 83 2 86 Table 4.4 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31#1972, BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U&Ss DOLLARS Page 4 of 9 AUTONOMOUS AGENCIES DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONSs DISBURSED INCLUDING COMMIT* DISBURSEO SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) c3) (4) (5) (6) (7) (8) 1968 * 10750 * 0 * * 1969 * 1750 640 17 0 * * 162 1970 17 2#552 300 452 a * 1971 469 2#852 3P620 3#588 40 491 531 260 1972 4#017 6-692 792 1#216 864 330 1#194 *t 1973 4368 6#619 * 967 965 311 1276 314 1974 4#370 5#968 * 711 1#048 271 1,320 - 1975 4#033 4919 * 532 1#048 222 1P270 1976 3.516 3P871 * 355 1#266 143 1#409 1977 2P605 2P605 * * 404 96 500 1978 2#201 2#201 * * 377- 75 451 * 1979 1s825 1#825 * * 309 57 366 1980 1.516 1.516 - * 175 45 221 1981 1.340 1340 * 175 39 215 1982 1.165 1.165 * 171 34 204 - 1983 994 994 * 166 29 194 1984 829 829 * 166 24 189 1985 663 663 * 166 19 184 1986 497 497 * 166 14 179 1987 331 331 * * 166 9 174 - 1988 166 166 * 0 166 4 169 * Table 4;4 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31o1972, BY DEBOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U&S# DOLLARS Page 5 of 9 STATE ENTERPRISES DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCOL* DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS c) (2) C3) C4) CS) (6) (7) (8) 1965 18*446 44#284 283 11568 653 876 1#529 *1 1966 29*360 43#913 2,275 6#467 2*657 10020 3P677 S204 1967 33#171 43P327 4P304 7*924 3,499 1*493 4*992 -2 1968 37*596 44130 17P361 15*949 5378 2*269 7p647 l1p018 1969 48p167 55.095 23P253 3#990 3*475 3*078 6*553 -3*827 1970 48*681 71*046 1*023 6#226 3#286 3p326 6#612 *1 1971 51,620 68s782 2A291 11#537 3P425 3s554 6s979 2 1972 59#734 67*650 29P216 13P561 3#430 4#186 7P616 *1 1973 69P865 93j435 w 4*069 5*063 4*636 9*699 62 1974 68#933 88*434 m 4#449 5*335 4#539 9#874 1975 68*047 83P099 a 4#826 4836 4#473 9#308 1976 68*038 78P264 w 3*670 4997 4s461 9s457 1977 66P711 73P267 * 2#741 5P532 4*351 9#884 1978 63*920 67#735 * 1#745 5*171 4#166 9*338 1979 60*493 62#563 * 862 5*099 3s941 9*040 1980 56P256 57P464 * 699 5p174 3*662 8*836 1981 S10781 52*290 * 509 5*471 3#366 8*838 1982 46819 46*819 * * 5#759 3*037 8s796 1983 41*059 410059 * 5#840 2*662 8#502 1984 35#219 35*219 5#S87 2#284 70871 1985 29P632 29#632 * * 5,954 1*915 7*869 * 1986 23#678 23P678 5v143 P530 6#673 1987 18P535 18*535 a * 3#100 1#233 4#333 * 1988 15*435 15P435 * a 3*330 10014 4#344 * 1989 12*105 12*105 * a 3*225 779 4#004 1990 8*880 8*880 * a 3#125 559 3o664 * 1991 50755 5755 * a 3#340 335 3#675 * o c?Aa41 ?a415 915 142 10057 * Table h. COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 311972 , BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF UaS6 DOLLARS Page 6 of 9 CENTRAL BANK DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL- LATIONS. DISBURSED INCLUDING COMMIT* DISBURSE* SERVICE PAYMENTS ADJUST* YEAR ONLY UNOISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) (5) (6) (7) (8) 1965 14#363 15.683 5.000 6P052 3,063 825 3#888 1966 17#352 17#620 * 149 3P837 1#070 4#907 *119 1967 13P664 13P664 1.500 1.500 3#919 782 4P701 * 1968 11245 11245 9.000 3#500 3#510 625 4P135 1969 11235 16P735 * 2.563 50510 884 6#394 1970 8#288 11.225 - 340 2P512 670 3j182 1971 6s116 8#713 5.000 6.385 2.012 590 2#602 * 1972 10s489 11s701 12.500 4P492 3.012 659 3.671 1973 110969 21#189 1#030 3P111 840 3P951 * 1974 90888 180078 1440 2.026 722 2,749 1975 9p302 16.052 1*0980 2-556 656 3P212 1976 8p726 13s496 10620 2.031 603 2.633 1977 89315 11.465 - 1.260 1.515 578 2#093 * 1978 8.060 90950 * 810 545 566 1111 1979 8.325 9#405 * 450 580 579 1s159 * 1980 80195 8P825 a 360 630 567 1.197 1981 ?P925 8.195 a 270 670 545 1#215 * 1982 7.525 ?.525 a 720 515 1#235 * 1983 6#805 6s805 * * 765 465 I230 * 1984 6#040 6.040 a * 825 410 1#235 * 1985 5.215 5.215 * * 885 352 1P237 * 1986 4P330 4s330 * * 940 290 1.230 * 1987 3.390 3P390 * * 1#010 223 I233 * 1988 2P380 2s380 * * 1s090 151 1.241 * 1989 1.290 1.290 * * 855 78 933 * 1990 435 435 * a 435 16 451 a Table 4.4 COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U.S. DOLLARS Page 7 of 9 STATE BANKS DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS* DISBURSED INCLUDING COMMIT- DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS CC) (2) (3) (4) (5) (6) c() C8) 1965 1992 5s675 6P120 3P572 2#023 189 2s212 1966 3#541 9P772 4.-730 3#808 2,150 234 2,384 0400 1967 50200 11'952 11,105 7#471 3#044 358 3#402 * 1968 9'627 20*013 5p060 3*950 774 437 1211 *13 1969 12'801 24P286 2s200 9p414 715 1#024 1,#739 2 1970 21P501 25s773 2#700 2P698 2#723 10094 3P817 -4 1971 21P475 25#746 774 1s388 4#292 892 5#184 157 1972 18#573 22,071 5P000 6P374 3,249 743 3#992 '221 1973 21o698 23*601 * 1167 3#177 947 4p124 0510 1974 19#278 19o914 428 2,351 803 3*154 1975 170355 17P563 208 1'544 668 2p211 1976 16#019 16,019 * 1#581 605 2s186 * 1977 14p438 1 4438 1537 482 2,019 1978 12#901 12.901 * 619 421 1.040 1979 12,282 12o282 * 700 424 1,123 1980 11s582 11s582 * * 731 393 1.124 * 1981 10*851 100851 * * 731 362 1,093 1982 10P120 10.120 * * 655 326 981 1983 9#464 9464 * * 580 296 876 1984 8p885 8"885* 580 269 848 1985 8,305 8*305 * * 580 242 821 * 1986 7.726 7P726 * 580 215 794 * 1987 7#146 71I46 * * 389 191 580 * 1988 6.757 6.757 * a 374 179 552 1989 6P383 6#383 * 374 168 541 * loct 60010 6#010 * a 374 156 530 - 4 145 518 - Table 4.i COSTA RICA: EXTERNAL PUBLIC DEST AS OF DECEMBER 31#1972 , BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U.S. DOLLARS Page 8 of 9 PRIVATE DEBT OUTSTANDING 'TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS DISBURSED INCLUDING COMMITo DISBURSE* SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS Cl) (2) (3) (4) (5) (6) cy) CS) 1965 57 57 - * 40 7 47 * 1966 1? 17 17 2 19 * 1967 * * Table 4.4COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31s1972, BY DEBTOR DEBT REPAYABLE IN FOREIGN CURRENCY IN THOUSANDS OF U&S. DOLLARS Page 9 of 9 UNKNOWN DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCELS LATIONS DISBURSED INCLUDING COMMIT- DISBURSES SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL M1ENTS (1) (2) (3) (4) C5) (6) C?) (8) 1965 1.000 10000 " 200 59 259 1966 800 800 * 200 45 245 1967 600 600 200 34 234 1968 400 400 200 21 221 1969 200 200 a 200 200 1970 * * * * Source: ECONOMIC AND SOCIAL DATA DIVISION ECONOMIC ANALYSIS AND PROJECTIONS DEPARTMENT, IBRD  Table 4.5: COSTA RICA: EXTERNAL PUBLIC DEBT OUTSTANDING AS OF DECEMBER 31s1972, BY DEBTOR DEBT REPAYABLE IN LOCAL CURRENCY IN THOUSANDS OF U.S. DOLLARS Page 1 of 5 DEBT OUTSTANDING DECEMBER 31sl972 UNDISO TYPE OF DEBTOR DISBURSED BURSED TOTAL CFNTRAL GOVT* (DIRECT) 11I222 12*848 24P070 CENTRAL GOVT. (AUTONOMY AGECIES) 1583 m 1.583 PUBLIC CORPORATION 6P934 7#479 14#413 OFFICIAL DEVELOPMENT BANK 20P020 11#395 31#415 TOTAL EXTERNAL PUBLIC DEBT 39,759 31p722 71.461 NOTES DEBT WITH A MATURITY OF OVER ONE YEAR Table 4.5: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31*1972 BY DEBTOR DEBT REPAYABLE IN LOCAL CURRENCY PAGE 2 of 5 IN THOUSANDS OF U&S# DOLLARS CENTRAL GOVT. CDIRECT) DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONSs DISBURSED INCLUDING COMMIT- DISBURSEO SERVICE PAYMENTS ADJUST- YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS (1) (2) (3) (4) CS) C6) c() (8) 1965 * * 466 60 3 63 5.856 1966 2?.48 50796 783 1#129 60 14 74 "i51 1967 3#166 6s368 * 1s326 30 16 46 *51 1968 4411 6>287 986 1019 90 19 109 -161 1969 5180 7#022 11160 1#257 140 116 256 *110 1970 6pt87 17.932 1331 I295 218 205 423 0113 1971 7.151 18.932 3#500 2#128 222 271 493 6117 1972 8.940 22,093 2p480 2#785 382 369 751 0121 1973 11,022 24P070 * 4#514 835 350 10185 1974 14*901 23.235 * 3P175 10084 462 1s546 * 1975 16#992 22s151 * 1s957 1.151 517 1s668 1976 170798 21.000 * 1.453 1#355 528 1*883 1977 17.896 19645 a 1*103 I324 522 1846 1978 170676 18.322 * 543 1#293 510 1#803 a 1979 16.925 17#028 * 103 1#304 483 1788 1980 150724 15P724 a 1193 447 1.640 * 1981 14#531 14531 * a 1.288 412 10700 1982 13P243 13P243 * a 1#294 376 1.670 * 1983 110949 11.949 a a 1#299 340 1s639 * 1984 100650 10.650 a * 1160 304 Is464 * 1985 9.490 9.490 a 10017 271 1.288 * 1986 80473 8#473 * a 1.017 239 1*256 * 1987 7P456 7p456 *a 10017 206 1.223 * 1988 60438 6#438 *a 10017 174 1s191 * 1989 50421 5.421 * * 936 142 1.078 * 1990 40485 4o485 a * 720 115 835 a 1991 3P765 3#765 * a 672 95 767 * 1992 3.093 3,093 a * 672 77 749 * Table 4.5: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 31019?2, BY DEBTOR DEBT REPAYABLE IN LOCAL CURRENCY PAGE 3 of 5 IN THOUSANDS OF UsSs DOLLARS AUTONOMOUS AGENCIES DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD ' CANCEL- LATIONS, DISBURSED INCLUDING COMMIT* DISBURSE0 SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS C) (2) (3) (4) (5) (6) Cy) (8) 1965 - 106 9 1 10 765 1966 103 756 * 271 43 4 47J 1967 331 713 1#370 185 69 8 77 * 1968 447 2#014 * 227 88 14 102 * 1969 586 1#926 346 53 21 74 * 1970 879 1o873 656 44 32 76 1971 1491 1#829 263 108 43 151 1972 10645 1*720 * 75 137 46 183 * 1973 1#583 1*583 * * 124 31 156 1974 10459 1P459 * * 124 29 153 a 1975 10334 1334 124 27 151 1976 i1o 1210 * a 124 24 149 1977 10085 1p085 * 124 22 146 1978 961 961 * * 124 19 144 1979 836 836 * * 124 17 142 1980 712 712 * 124 15 139 1981 587 587 * * 103 12 115 198? 485 485 * 81 10 91 * 1983 404 404 a a 81 9 89 * 1984 323 323 * * 81 7 88 a 1985 242 242 a " 81 5 86 1986 162 162 a * 81 3 84 * 1987 81 81 * * 81 1 82 Table 4.5: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972, AS DEBTOR DEBT REPAYABLE IN LOCAL CURRENCY PAGE 4 of 5 IN THOUSANDS OF U*S. DOLLARS STATE ENTERPRISES DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS# DISBURSED INCLUDING COMMIT- DISBURSE- SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS Cl) C2) (3) (4) C5) (6) (7) C8) 1965 * 2P600 82 5 3 8 3*797 1966 274 6#392 638 37 30 67 1967 875 6P355 * 443 78 41 119 1968 IP?40 6s277 45 982 78 61 139 1969 2p144 6#244 0 1886 189 88 277 '938 1970 3#842 5p117 3#800 848 272 136 408 2 1971 4#421 8i647 6#300 1s366 272 187 459 * 1972 50515 14#675 * 1#681 262 236 498 1973 6*934 14*413 2#538 268 193 461 1974 9*204 14*145 * 1s741 386 252 638 1975 10*559 13*759 - 1*307 615 286 901 1976 11*251 13s144 964 622 304 926 1977 11#593 12*522 * 748 628 311 940 1978 119713 11*894 * 169 636 314 950 1979 1is?45 11.257 * 12 643 301 945 1980 10#614 10#614 * 652 283 935 1981 9p962 9P962 * * 659 265 924 1982 9*303 9*303 * * 667 246 913 1983 8*635 8P635 * * 677 227 903 * 1984 7*959 7s959 * 685 207 892 1985 7#974 7#274 693 187 880 1986 6*581 6*581 * 547 167 714 * 1987 6*035 6*035 * 414 154 568 1988 5*620 5P620 * * 414 143 558 1989 5A206 5#206 * 414 133 547 1990 4*792 4*792 * * 414 122 536 - 1991 4*378 4*378 * 8 414 111 525 . ^ - A * * 414 101 515 * Table .5: COSTA RICA: EXTERNAL PUBLIC DEBT AS OF DECEMBER 3101972, BY DEBTOR DEBT REPAYABLE IN LOCAL CURRENCY PAGE 5 of 5 IN THOUSANDS OF U*Ss DOLLARS OFFICIAL DEVELOPMENT BANK DEBT OUTSTANDING TRANSACTIONS DURING PERIOD BEGINNING OF PERIOD CANCEL* LATIONS. DISBURSED INCLUDING COMMITO OISBURSEN SERVICE PAYMENTS ADJUST* YEAR ONLY UNDISBURSED MENTS MENTS PRINCIPAL INTEREST TOTAL MENTS c) (2) (3) (4) (5) (6) C?) (8) 1965 *o 9,800 517 167 279 446 10,514 1966 9P555 20P147 2#740 1-062 183 318 501 1 1967 10535 22s705 * 2*926 331 374 705 -1 1968 13#130 22P373 - 2#928 587 410 997 -1 1969 15.472 21.785 * 2P691 643 564 1#207 0330 1970 171520 20P812 3p300 2,389 962 617 10579 1 1971 18*948 23P151 3008 1#088 1#297 673 11970 -1 1972 13P739 24861 7P987 2i715 1.0432 699 2-131 1973 20o020 31P415 w 3#326 1#631 748 2P379 1974 21*715 29P784 a 2#815 1878 838 2.716 1975 22.652 27P906 f 1839 2,094 893 2.987 1976 2?397 25.812 b 1#392 2.151 894 3P045 1977 21#638 23P661 * 1,120 2#210 872 3P082 * 1978 20P548 21,451 a 751 2s223 834 3,057 1979 19P076 19,228 152 2.238 779 3#017 - 1980 16P991 16P991 " 2P251 695 2P946 1981 14739 14739 - 2267 601 20868 1982 121472 12>472 * 2P053 508 2#561 1983 10.419 10.419 - * 1.759 428 2187 * 1984 8#660 8.660 I 1P761 354 2.115 * 1985 6.899 6P899 10738 279 2P017 1986 5#160 5.160 I * 1.354 210 I564* 1987 3.807 3#807 * * 787 156 943 1988 3.019 3P019 * 689 124 813 1989 2P331 2.331 - * 695 98 793 * 1990 1#636 1.636 * * 699 71 770 * 1991 937 937 * 572 45 616 * 1992 365 365 * * 268 20 289  Table 1.6: COSTA RICA - PROJECTED SERVICE PAYMTS ON EXTERNAL PUBLIC DEBT REPAYABLE IN FOREIGN CURRENCY, 1965-1990 (in thousands of US dollars) Page 1 of 6 I TOTAL Debt Outstanding Cancel- Beginning of period Transactions during period lations, Disbursed including Commit- Disburse- Service Payments Adjust- Year Only Undisbursed ments ments Principal Interest Total ments (1 ) (2) (3) (h) (5) (6) (7) (8) 1965 77,349 129,745 25,291 33,697 10,039 4,053 14,092 -26 1966 200,986 1-44,971 22,497 16,941 14,903 4,672 19,575 -1,657 1967 102,491 140,908 18,149 23,794 15,877 4,859 20,736 -1,188 1968 110,071 141,992 49,768 27,704 19,563 5,512 25,075 -1,860 1969 118,335 170,337 35,833 21,121 17,879 6,519 24,398 -3,790 1970 121,650 184,50l 57,900 26,914 20,637 6,969 27,606 -1,820 1971 128,019 219,944 35,124 47,50 20,138 8,072 28,210 149 1972 155,488 235,079 63,428 59,681 23,672 10,098 33,770 196 1973 192,02C 275,031 100,700 58,800 19,600 10,900 30,500 -1,909 1974 230,800 356,131 140,400 52,600 28,020 13,980 42,000 - 1975 255,380 468,511 97,600 70,800 32,445 15,482 47,927 - 1976 293,735 533,666 70,700 82,800 33,105 18,138 51,243 - 1977 343,430 571,261 88,400 94,400 33,745 21,058 54,803 - 1978 404,085 625.,916 96,200 100,000 34,881 24,653 59,534 - 1979 469,204 687,235 104,200 106,200 32,249 29,139 61,388 - 1980 543,155 759,186 113,057 114,157 36,536 34,280 70,816 - 1981 620,776 835,707 122,667 123,467 43,079 39,922 83,001 - 1982 701,164 915,295 133,094 133,094 47,419 45,473 92,892 - 1983 786,839 1,000,970 144,406 144,06 52,770 51,252 104,022 - 1984 878,475 1,092,606 156,681 156,681 57,883 57,637 115,520 - 1985 977,273 1,191,404 169,999 169,999 64,776 64,659 129,435 - 1986 1,082,496 1,296,627 184,449 184,449 70,901 71,654 142,555 - 1987 1,196,044 1,410,175 200,127 200,127 76,519 79,557 156,076 - 1988 1,319,652 1,533,783 217,138 217,138 84,996 88,103 173,099 - 1989 1,451,794 1,665,925 235,594 235,594 93,503 97,131 190,634 - Table 4.6: COSTA RICA - PROJECTED SBRVICE PAYMNTS ON EXTERNAL PUBLIC DEBT REPAYABLE IN FOREIGN CURRENCY, 1965-1990 (in thousands of US dollars) Page 2 of 6 II. LOANS FROM INT'L. ORGANIZATIONS Debt Outstanding Cancel- Beginning of period Transactions during period lations, Disbursed Including Comit- Disburse- Service Payments Adjust- Year Only Undisbursed ments ments Principal Interest Total ments (1) (2) (3) (4) (5) (6) (7) (8) 1965 21,733 55,262 1,000 15,403 1,996 1,227 3,223 - 1966 35,138 54,266 5,777 7,893 1,565 1,180 2,745 -519 1967 41,468 57,959 190 8,757 2,045 1,867 3,912 -850 1968 48,179 55,254 7,813 2,723 2,535 2,503 5,038 -133 1969 48,365 60,399 24,580 2,853 2,732 2,554 5,286 3 1970 48,h87 82,250 29,225 12,711 3,156 3,130 6,286 - 1971 58,042 108,319 - 15,589 3,703 3,837 7,5h0 67 1972 69,929 104,683 41,470 19,572 4,485 5,674 10,159 387 1973 85,404 142,055 51,600 17,400 5,400 5,400 10,800 - 1974 97,000 188,255 101,200 22.800 6,100 6,160 12,260 - 1975 113,700 283,355 92,000 46,600 6,000 7,130 13,130 - 1976 154,300 369,355 52,200 71,700 6,300 10,149 16,449 - 1977 219,700 415,255 67,500 83,200 6,500 14,610 21,110 - 1978 296,400 476,255 73,500 76,800 7,876 19,710 27,586 - 1979 365,324 541,879 79,500 81,500 10,477 24,425 34,902 - 1980 436,347 610,902 86,257 87,357 15,603 28,962 44,565 - 1981 508,101 681,556 93,589 94,389 18,059 33,760 51,819 - 1982 584,431 757,086 101,544 101,544 20,897 38,814 59,711 - 1983 665,079 837,733 110,176 110,176 24,307 44,030 68,337 - 1984 750,948 923,602 119,541 119,541 27,905 49,594 77,499 - 1985 842,584 1,015,238 129,702 129,702 32,209! 56,033 88,242 - 1986 940,077 1,112,731 140,726 140,726 36,234 62,176 98,410 - 1987 1,044,569 1,217,223 152,688 152,688 39,426 69,151 108,577 - 1988 1,157,831 1,330,485 165,667 165,667 44,930 76,589 121,519 - 1989 1,278,568 1,451,222 179,748 179,748 50,196 84,521 134,717 - 1990 1,108,120 1,580,774 195,027 195,027 55,880 92,983 148,863 Taole 4.6: COSTA RICA - PROJECTED SERVICE PAYMENTS ON EXTERNAL PUBLIC DEBT REPAYABLE IN FOREIGN CURRENCY, 1965-1990 (in thousands of US dollars) III. LOANS FROM (IVERNMENTS Page 3 of 6 Debt Outstanding Cancel- Beginning of period Transactions during period lations, Disbursed Including Comit- Disburse- Service Payments Adjust- Year Only Undisbur sed ments ments Principal Interest Total ments (1) (2) (3) (4) (5) (6) (7) (8) 1965 21,951 38,524 12,912 6,502 695 1,382 2,077 96 1966 27,361 50,837 5oo 3,534 1,074 1,167 2,241 -249 1967 30,471 50,014 5,000 3,277 1,673 840 2,513 51 1968 32,126 53,392 10,240 5,942 3,791 1,352 5,143 -686 1969 34,43 59,155 8,176 7,297 6,105 1,060 7,165 68 1970 35,744 61,294 20,718 5,249 4,020 1.,142 5,162 -1,795 1971 37,090 76,197 1,110 5,329 2,698 948 3,646 295 1972 39,804 74,90 640 10,772 2,571 1,038 3,609 16 1973 48,126 72,989 - 10,000 1,600 1,200 2,800 314 1974 56,500 71,389 14,900 6,100 2,000 1,300 3,300 - 1975 60,600 84,289 - 6,200 2,000 1,400 3,400 - 1976 64,8oo 82,289 - 5,900 1,900 1,543 3,443 - 1977 68,800 80,389 2,300 5,100 1,800 1,751 3,551 - 1978 72,100 80,889 2,500 3,000 1,800 1,959 3,759 - 1979 73,300 81,589 2,700 2,700 2,552 2,121 4,673 - 1980 73,448 81,737 2,929 2,929 3,189 2,361 5,550 - 1981 73,188 81,477 3,179 3,179 3,527 2,613 6,140 - 1982 72,840 81,129 3,h9 3,49 3,654 2,679 6,333 - 1983 72,635 80,924 3,742 3,742 3,597 2,754 6,351 - 1984 72,780 81,069 4,060 4,060 3,156 2,839 5,995 - 1985 73,684 81,973 4,405 4,405 3,334 2,934 6,268 - 1986 74,755 83,044 4,779 4,779 3,533 3,141 6,674 - 1987 76,001 84,290 5,186 5,186 3,756 3,258 7,014 - 1988 77,431 85,720 5,626 5,626 4,004 3,487 7,491 - 1989 79,053 87,342 6,105 6,105 4,o80 3,629 7,709 1990 81,078 91,60 6,624 6,624 4,387 3,885 8,272 Ta.zle 4.6: COSTA RICA - PROJECTED SERVICE PAYMENTS ON EXTERNAL PUBLIC DEBT REPAYABLE IN FOREIGN CURRENCY, 1965-1990 (in thousands of US dollars) Page 4 of 6 IV. PRIVATE FINANCIAL INSTITUTIONS Debt outstanding Beginning of period Transactions during period Disbursed Including Commit- Disburse- Service Payments Year Only Undisbursed ments ments Principal Interest Total (1) (2) (3) (4) (5) (6) (7) 1973 34,930 35,530 45,500 30,100 8,100 2,500 10,600 1974 56,900 72,930 18,500 19,100 15,900 4,880 20,780 1975 60,100 75,530 4,200 12,900 19,700 5,270 24,970 1976 53,300 60,030 7,500 3,700 20,040 4,770 24,810 1977 36,960 47,490 15,000 4,200 18,340 3,276 21,616 1978 22,820 44,150 16,300 16,300 18,740 1,982 20,722 1979 20,380 41,710 17,700 17,700 12,600 1,798 14,398 1980 25,480 46,810 19,204 19,204 12,21-0 2,338 14,578 1981 32,444 53,774 20,837 20,837 15,3.41 3,044 18,385 1982 37,940 59,270 22,608 22,608 17,908 3,514 21,422 1983 42,640 63,970 24,530 24,530 19,430 3,994 23,424 1984 .47,740 69,070 26,615 26,615 20,976 4,614 25,590 1985 53,379 74,709 28,877 28,877 22,859 5,078 27,937 1986 59,397 80,727 31,332 31,332 24,693 5,690 30,383 1987 66,036 87,366 33,995 33,995 26,892 6,354 33,246 1988 73,139 94,469 36,884 36,884 29,070 7,074 36,144 1989 80,953 102,283 40,019 40,019 31,640 7,855 39,495 1990 89,332 110,662 43,421 43,421 34,221 8,703 42,924 Table 4.6: COSTA RICA - PROJECTED SERVICE PAYMENTS ON EXTERNAL PUBLIC Page 5 of 6 DEBT REPAYABLE IN FaREIGN CURRENCY, 1965-1990 (in thousands of US dollars) V. SUPPLIERS Debt Outstanding anicel- Beginning of period lations, Disbursed Including Commit- Disburse- Service Payments Adjust- Year only Undisbursed ments ments Principal Interest Total ments (1 (2) (3) (4) (5) (6) (7) (8) 1965 1,065 1,824 83 56 596 92 688 - 1966 525 1,311 1,050 824 448 6 454 -5 1967 900 1,908 429 135 379 22 01 -1 1968 657 1,957 2,870 658 287 35 322 - 1969 1,028 4,540 377 636 288 51 339 - 1970 1,375 4,629 1,317 3,555 421 80 501 1 1971 4,510 5,526 10,644 4,422 768 325 1,093 1972 8,166 15,402 1,207 7,546 1,098 344 1,442 1 1973 141,615 15,512 3,100 800 3,500 1,200 4,700 50 19714 11,915 15,112 5,000 3,800 3,520 1,000 4,520 1975 12,195 16,592 600 4,300 4,220 977 5,197 1976 12,275 12,972 10,200 700 4,140 1,018 5,158 - 1977 8,835 19,032 2,800 1,100 6,080 725 6,805 - 1978 3,855 15,752 3,000 3,000 5,240 284 5,524 - 1979 1,615 13,512 3,300 3,300 5,220 163 5,383 - 1980 -305 11,592 3,580 3,580 4,080 29 4,109 - 1981 -805 11,092 3,885 3,885 4,576 65 14,641 1982 -1,1496 10,1401 4,215 4,215 3,313 127 3,1440 1983 -594 11,303 4,573 4,573 3,596 146 3,642 1984 383 12,280 4,962 4,962 3,911 42 3,953 1985 1,434 13,331 5,384 5,384 4,243 137 4,380 1986 2,575 14,472 5,841 5,81 1,60 239 84,813- 1987 3,812 15,709 6,338 6,338 4,995 351 5,346 1988 5,155 17,052 6,877 6,877 5,420 472 5,892 i989 6,612 18,509 7,461 7,461 5,880 603 6,183 1990 8,193 20,090 8,095 8,095 6,380 745 7,125 - Table 4.6: COSTA RICA - PROJECTED SIRVICE PAYMNTS ON EXTERNAL PUBLIC DEBT REPAYABLE IN FOREIGN CURRENCY, 1965-1990 (in thousands of US dollars) Page 6 of 6 VI. PUBLICLY ISSUED BONDS Debt Outstanding Cancel- Beginning of period Transactions during period lations, Disbursed Including Commit- Disburse- Service Payments Adjust- Year Only Undisbursed ments ments Principal Interest Total ments (1) (2) (3) (4) (5) (6) (7) (8) 1965 6,864 6,864 - - 340 183 523 -122 1966 6,402 6,402 - - 1,325 556 1,881 -684 1967 4,393 4,393 - - 341 62 403 -388 1968 3,66h 3,66h - - 705 148 353 -41 1969 2,918 2,918 - - 580 69 649 -36 1970 2,302 2,302 - - 1,021 91 1,112 -24 1971 1,257 1,257 - - 288 43 331 10 1972 979 979 - - 177 27 204 -9 1973 793 793 500 500 600 - 600 -24 1974 700 700 800 800 100 40 140 - 1975 1,400 1,400 800 800 125 104 229 - 1976 2,075 2,075 800 800 325 158 483 - 1977 2,550 2,550 800 800 525 196 721 - 1978 2,825 2,825 900 900 725 218 943 - 1979 3,000 3,000 1,000 1,000 800 232 1,032 1980 3,200 3,200 1,o85 1,085 825 248 1,073 1981 3,460 3,460 1,177 1,177 875 269 1,144 1982 3,762 3,762 1,277 1,277 946 293 1,239 1983 4,093 4,093 Source: Table 4.2 plus IBRD mission estimates of new commitments. Table 4. : COSTA RICA: EXTERNAL DEBT: AVERAGE TEMS ON NEW CBOIThENTS AND DEBT OUTSTANDING, 1965-72 1965 . 1966 196 1968 1969 1970 1971 1972 I. DEBT OUTSTANDING (including undisbursed) A. MATURITY Total 145.0 100 140.9 100 142.0 100 170.3 100 184.5 100 219.9 100 235.9 100 275.0 100.0 Between land 5 years 12.8 8.8 10.8 7.7 13.7 9.6 12.7 7.5 10.4 5.6 12.8 5.8 15.8 6.7 19.7 7.2 Between 5 and 10 yeats 24.9 17.2 24.0 17.0 21.9 15.4 28.8 16.9 19.0 10.3 16.5 7.5 33.3 14.1 34.0 12.4 Between 10 and 15 years 10.5 7.2 8.8 6.2 7.7 5.4 8.4 4.9 10.1 5.5 9.1 4.1 7.5 3.2 6.1 2.2 Between 15 and 20 years 13.0 9.0 13.0 9.2 12.2 8.6 26.9 15.8 34.8 18.9 41.0 18.6 40.0 17.0 79.6 28.9 Over 20 years 82.9 57.2 83.3 59.1 85.5 60.2 92.6 54.4 109.1 59.1 139.2 63.3 137.6 58.3 133.9 48.7 Unknown 1.0 0.7 1.0 0.7 1.0 0.7 1.0 0.6 '1.0 0.5 1.4 0.6 1.8 0.8 1.8 0.7 Average maturity (years) 21.8 22.6 23.0 22.7 24.4 26.0 24.4 23.4 Average grace period (years) 4.3 4.5 4.8 4.8 5.3 5.7 5.4 5.2 B. INTEREST ATE Total 145.0 100.0 140.9 100.0 142.0 100.0 170.3 100.0 184.5 100.0 219.9 100.0 235.9 100.0 275.0 100.0 Lees than 3% 26.5 18.3 24.5 17.4 27.8 19.6 36.4 21.4 43.8 23.7 61.2 27.8 61.8 26.2 61.8 22.5 Between 3 and 6% 103.7 71.5 102.3 79.6 94.5 66.5 89.4 52.5 81.0 43.9 79.5 36.2 73.5 31.2 77.1 28,0 Between 6 and 9% 14.6 10.1 13.9 9.9 19.6 13.8 42.5 25.0 56.3 30.5 72.8 33.1 84.1 35.7 121.3 44.1 Over 97. - - - - - - 2.0 1.2 3.4 1.8 6.5 3.0 15.6 6.6 14.8 5.4 Unknown 0.1 0.1 0.1 0.1 0.1 0.1 - - - - - - - - - - Average interest rate (%) 4.8 4.8 4.8 5.1 5.1 5.0 5.3 5.6 II. NEW COMMITMENTS A. MATURITY Total 25.3 100.0 12.5 100.0 18.1 100.0 49.8 100.0 35.8 100.0 57.9 100.0 35.1 100.0 63.4 100.0 Between 1 and 5 years 1.5 5.9 0.8 6.4 5.3 29.3 3.9 7.8 2.9 8.1 5.0 8.6 7.0 19.9 9.1 14.4 Between 5 and 10 years 7.5 29.6 3.0 24.0 4.1 22.7 13.1 26.3 0.9 2.5 2.8 4,8 21.3 60.7 6.3 9.9 Between 10 and 15 years 1.8 7.1 1.9 15.2 2.7 14.9 3.1 6.2 2.8 7.8 0.5 0.9 - - - - Between 15 and 20 years - - 1.9 15.2 - - 17.1 34.3 9.1 25.4 8.1 14.0 - - 41.1 64.8 Over 20 years 13.8 54.5 4.4 35.2 5.0 27.6 11.5 23.1 10.1 56.1 36.4 62.9 0.6 1.7 - - Unknown 0.7 2.8 0.6 4.8 1.1 6.1 1.1 2.2 - - 5.0 8.6 6.2 17.7 7.0 11.0 Average maturity 22.5 23.0 18.1 17.9 24.3 28.3 6.7 15.6 Average grace period 3.9 5.5 4.8 3.7 5.4 6.6 1.6 3.2 B. INTEREST RATE Total 25.3 100.0 12.5 100.0 18.1 100.0 49.8 100.0 35.8 100.0 57.9 100.0 35.1 100.0 63.4 100.0 Less than 3% 5.8 22.9 0.5 4.0 5.0 27.6 10.2 20.5 8.1 22.6 20.4 35.2 0.7 2.0 - - Between 3 and 6% 15.5 61.3 6.8 54.4 0.4 2.2 4.8 9.6 2.7 7.5 7.6 13.1 0.5 1.4 9.9 15.6 Between 6 and 9% 3.9 15.4 5.2 41.6 12.8 70.7 31.8 63.9 23.5 65.6 26.3 45.4 23.8 67.8 52.4 82.6 Over 97. - - - - - - 3.0 6.0 1.5 4.2 3.6 6.2 10.1 28.8 1.2 1.9 Unknown - - 0.1 0.8 - - - - - Average interest rate (%) 4.5 5.0 5.3 6.3 5.8 5.1 8.1 7.2 Source: Central Bank and IBRD  1/ Table 5.1: COSTA RICA: STRUCTURE AND RESOURCES OF THE PUBLIC SECTOR Page 1 of 4 Nam of Entity and Date Establiehed Functions and Structure Fnancial Resources I. Central Government 1. Legislative Branch A summary of the tax system is a. Legislative Assembly provided in Appendix Table 5.20. b. Controller General of the Republic 2. Judicial Branch 3. Electoral Council 4. Executive Branch a. Presidency b. Ministries (Interior; Foreign Affairs; Public Security; Finance; Agricultare; Industry and Commerce; Transport; Education; Health; Labor and Welfare; Culture, Youth and Sporte.) II, Local governamet Costa Rica is divided inta seven provinces, a. Central Government transfers: 70 cantons, and 351 districts. Each canton (i) earmarked tames, including is administered by a municipal government, in particular 91.4 per cent except for the three cantons of the Simon of the proceeds iron the province which contain tw3 municipalities real property tax; each, making a total of 73 municipal govern- (ii) budgetary subsidies for Ans for the whole country. capital projects ("Obras Speci ficas"). b. Entertainment,stamp and liquor taxes. c. Miscellaneous 9ee 1 (slaughter house fees, cocercial and industrial licenses, buildig perniSe)and rates on municipal services. III.Autonomous agencies 1. Costa Rican Social Social security and health insurance. Contributions, which are the man source Security Fund (CCSS) Gradually being expanded to ensure of revenne, are derived from a tax on each (1943) universal coverage by 1976. insured person's salary, which is paid by the employ- se, the employer, and the state, as follows: a. Sickness and Maternity Fund: Provides cash benefit% to members and a. Contributions to the Sickness and their dependents duriug illness or Maternity Fund-. incapacity; operates an extensive 11 per cent of the employee's salary network of hospitals And dispensaries (of which 4 per cent is paid by the throughout the country. employee, 5 per cent by the employer, b. Disablement, Old Age and Death Fund: and 2 per cent by the state), subject Operates the old-age pension plan; the to a gradually rising income ceiling, widows' and orphans' pension plan; which will be abolished by October 1976. provides cash benefit: in case of a b. Contributions to the Disablement, Old contributor's disableaent or death. Age and Death Fund: 7 1/2 per cent of salary, shared equally between the employee, the employer, and the state. The Central Government's contribution includes two components: the employer's contribution (included in Central Govern- ment wage expenditure) and the state contribution (classified as a current transfer outlay). In practice, however, the only cash flow between the Central Government and the Social Security Fund takes place through the assignment to CCSS of 50 per cent of cigarette excise tax revenues, and 20 per cent of the Protocole of San Jos6 import surcharge. This covers only a dwindling portion of the total Central Government contribution (about 20 per cent in 1972). The balance due is carried as ar increase in short-term lending by GCSS, and periodically consolidated with a special bond issue by the Central Government. Table 5.1: COSTA RICA: STRUCTURE AND RESOURCES OF THE PUBLIC SECTOR Page 2 of 4 Name of Entity and Date Established Functions and Structure Financial Resources 2. Medical Assistance Institutes Hospital network and welfare services serving a. Large profit tranafer from National (IAMS) (1950) as complement to Social Security facilities Lottery and Football Lottery. in areas and for groups not covered. b. Central Government transfers: (i) earmarked taxes (sales tax on beer, liquor and cigarettes; share in the proceeds from excises on beer, liquor, tobacco, cement, entertainment; share in inheritance and gift taxes and miscellaneous other levies); (ii) budgetary subsidies. c. Sale of services and investment income. 3. Social Assistance Institute Social assistance to the poor. a. Central Government budget subsidy. (IMAS) (1971) b. 1/2 per cent tax on salaries, paid by employers. 4. National Child Welfare Operates the orphanage and child welfare Central Government transfers: Institute (PNI) (1930) system. (i) budget subsidy; (ii) shares in liquor and cement excises; stamp tax. 5. Schoolteachers' Pension SupplementaXy Pension Fund for schoolteachers. Contributions. Fund 6. University of Costa State University. a. Central Government transfers: Rica (UCR) (1843) (i) budget subsidy (10 per cent of the budget of the Ministry of Education); (ii) share in proceeds of gift and inheritance taxes and tax on soft drinks; tax on airplane tickets; telephone tax; miscellaneous stamp taxes. b. Profit transfer from National Lottery. c. Small amount of student fees and invest- ment income. 7. Local School Boards Primary and secondary education. a. Central Government transfers: (i) budget subsidy; (ii) share in proceeds from inheri- tance and gift taxes, beer and liquor excises. b. Local government transfers. c. Investment income. 8. National Apprenticeship Vocational training for industry, 1 per cent tax on salaries, paid by Institute (INA) (1965) commerce and agriculture, employers. 9. Costa Rican Technological Technical education. Central Governmert transfers: Institute (ITCR) (1971) (i) budget subsidy; (ii) electricity tax (beginning 1974). 10. National Council for Scientific research. Central Government budget subsidy. Scientific and Technological Research (1973) 11. NationalMuseum (1887) State Museum. Share in proceeds of tax on airplane tickets 12. National Symphony State Orchestra. Central Government budget subsidy. Otchestra (1940) 13. National Theatre (1929) State Theatre. Central Government budget subsidy. 14. Sports Council (1953) Promotion of physical eduLation and Central Government budget subsidy (stamp tax sports. Table 5.1: COSTA RICA: STRUCTURE AND RESOURCES OF THE PUBLIC SECTOR Page 3 of 4 Name of Entity and Date Established Functions and Structure Financial lesources Earmarking of miscellaneous Central 15. Coffee Institute (1948) Regulates production, marketing and export Governent taxes on coffee: t 0.45 of coffee. on each quintal of coffee exported; e 2.00 on each quintal of coffee sold in the country; t 0.20 on each 1.58 bushel sold by growers to processors. 16. Tobacco Board (1956) Subsidizes tobacco growers and promotes Share in proceeds of cigarette excise tax. tobacco exports. 17. National Electricity Regulates electricity and telephone rates. a. Revenue from water rights. Service (SNE) (1928) b. Sale of services. 18. Costa Rican Tourist Promotion of tourism. Share in proceeds of tax on airplane Institute (ICT) (1955) tickets; hotel tax. 19. Center for the Promotion Investment and export promction. Central Government budget subsidy. of Investments and Exports (CEMPRO) (1971) 20. Costa Rican Publishing Co. State publishing company. Central Government oudget subsidy. IV. State enterprises 1. Costa Rican Electricity Operates a system of hydroelectric and a. Receipts from sale of services and Institute (ICE) (1949) thermoelectric plants which serve the income from financial assets. central and western parts of the country, b. Capital outlays are financed with as well as diesel generatorn in own savings, domestic bond placements, Guanacaste, Lim6n and Siquirres. Provides and loans from IBRD, IDB, and BCIE. about 70 per cent of the electricity used in the country. Also the sole operator of the.domestic telecommunications system. International telecommunications are operated by RadiogrAfica Costarricense, a concessionary company owned jointly by ICE (50 per cent) and private shareholders. Power distribu- tion is controlled by the Co,pahia Nacional de Fuerza y Luz (CNFL), a stick company with a 90 per cent participation of ICE. 2. National Water and Administration of the water jupply and a. Receipts from sale of services. Sewerage Service sewerage services in San Jose and a number b. Loans from IDB, EXIMBANK, and AID. (SNAA) (1961) of the larger towns. More than 54 per c. Transfers from Central and municipal cent of the population is covered by SNAA governments. water supply and sewerage services. 3. National Production Price stabilization through the use of a. Receipts from sales of goods and Council (CNP) (1940) support prices for agricultural commodities; services, and transfers from Central the operation of a retail sales network; and municipal governments. the provision of silo and cold storage b. Capital formatior outlays are financed facilities; the sale of agricultural supplies, with Central Government transfers and such as fertilizers and animal feed, and the loans from foreign suppliers' credit. rental of heavy agricultural machinery to small farmers. Other activities: the exportation of live- stock (a monopoly of the Council) and the operation of the state liquor monopoly. 4. Pacific Port Authority Operates the harbor facilities on the Pacific Receipts from sale of services. (INCOP) (1897) coast (nainly those of Puntarenas), and the Pacific Electric Railway. Al:;o supplies electricity and water to Puntarenas. Table 5.1: COSTA RICA: STRUCTURE AND RESOURCES OF THE PUBLIC SECTOR Page 4 of 4 Name of Entity and Date Established Functions and Structure Financial Resources 5. Atlantic Development Operates port facilities on the Atlantic coast Receipts from sale of services. and Port Authority (mainly the port of Lim6r). Also in charge (JAPDEVA) (1963) of river navigation in the northeast. 6. Municipal Electricity Distribute electricity ir Alajuela, Heredia, Receipts from sale of services. Boards and Cartage, buying most of it from ICE. 7. National Lottery Net profits are used to finance the Central Receipts from sale of lottery tickets. Government's social programs (health, education and welfare). 8. Football Lottery Net profits are transferred to the Medical Receipts from sale of lottery tickets. Assistance Institutesand the Football Federation. 1/ In addition to the institutions listed here, most of the banks and financial intermediaries operating in Costa Rica are owned by the Central Government. The public financial institutions include: the Central Bank of Costa Rica; all but two of the commercial banks (the private ones being foreign owned); the National Insurance Institute; the National Housing and Urban Institute; the Community Development Bank; the Munic- ipal Development Bank; the Land and Colonization Institute; the recently created Development Corporation; and a new Institute for Cooperatives, established in 1973. Although they are state-owned, these institutions are excluded from the consolidated public sector for national accounting purposes. Their structure and Zunctions, and their summary accounts, are presented in the chapter devoted to the financial system. Source: Planning Office and various institutions. Table 5.2: COSTA RICA: PUBLIC SECTOR OPERATIONSP 1960-72 Page 1 of 6 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 I. CENTRAL GOVERNMENT Current revenues 359.9 340.3 404.8 406.7 452.7 489.8 531.8 573.3 673.3 766.4 948.2 1,019.2 1,160.1 Tax revenues 338.7 322.7 383.0 388.2 429.9 464.5 503.4 526.2 621.7 705.1 880.5 942.1 1,068.3 Nontax revenues and transfers 20.8 17.6 21.8 18.5 22.8 25.3 28.4 47.1 51.6 61.3 67.7 77.1 91.8 (from rest of general government sector) ( - ) ( - ) ( - ) (0.3) (0.1) (0.4) (0.7) (0.8) (1.0) (0.8) (1.3) (0.7) (1.4) Current expenditures 330.9 360.7 391.7 456.5 479.1 538.1 603.9 657.1 704.4 789.6 921.9 1,108.7 1,195.8 Wages and salaries 189.5 206.7 221.0 255.8 253.1 276.6 327.5 349.3 380.2 427.0 472.1 600.6 630.6 Goods and services 28.0 29.0 31.9 59.8 66.9 76.7 60.6 61.4 57.3 48.5 72.1 84.9 74.1 Interest payments 20.6 26.1 27.8 33.2 39.9 44.6 44.1 55.4 61.9 78.5 90.0 100.9 112.2 Transfers and subsidies 92.8 98.8 110.9 107.8 119.2 140.2 171.7 190.9 205.0 235.7 287.7 322.3 378.9 (to rest of general government sector) (69.8) (73.2) (76.1) (79.9) (92.5) (108.2) (117.4) (141.7) (156.7) (179.6) (204.7) (245.1) (299.7) Current account surplus or deficit (-) 29.0 -20.4 13.1 -49.8 -26.4 -48.3 -72.1 -83.8 -31.1 -23.2 26.3 -89.5 -35.7 Capital revenues 1.9 1.8 1.7 5.3 3.0 5.1 4.4 5.9 5.2 27.0 9.4 - - Transfers 1.9 1.6 1.7 5.3 3.0 5.1 4.4 5.9 5.2 23.8 9.4 - - (from rest of general government sector) ( ) ( ) ( ) ( )-) (0.3) ( ) ( )- ) (0.1) ( -( ) ( ) Sale of fixed assets - 0.2 - - - - - - - 3.2 - - - Capital expenditures 111.5 83.3 79.7 95.8 88.9 103.1 97.7 114.9 128.9 160.0 170.7 250.8 370.7 Fixed investment 65.0 63.6 48.3 54.6 56.7 54.1 64.6 79.2 85.6 110.7 125.5 198.4 289.0 Financial investment and net lending 7.1 3.4 9.5 3.5 4.8 4.9 9.1 8.9 5.3 4.0 4.6 2.3 8.5 Transfers 39.4 16.3 21.9 37.7 27.4 44.1 24.0 26.8 38.0 44.3 40.6 50.1 73.2 (to rest of general government sector) (3.9) (5.6) (4.3) (27.0) (6.8) (7.0) (3.2) (9.6) (13.0) (20.7) (17.3) (20.6) (31.1) Overall surplus or deficit (-) -80.6 -101.9 -64.9 -140.3 -112.3 -146.3 -165.4 -192.8 -154.8 -156.2 -135.0 -340.3 -406.4 External financing, net 31.3 68.8 43.0 44.9 95.9 94.7 32.5 46.7 2.0 22.9 70.3 122.8 185.3 Grants 22.5 34.1 17.6 23.9 41.1 35.9 22.3 26.9 31.7 34.3 29.3 21.0 31.1 Loans, net2' 8.8 34.7 25.4 21.0 54.8 58.8 10.2 19.8 -29.7 -11.4 41.0 101.8 154.2 Drawings (25.5) (55.1) (60.1) (80.6) (92.6) (86.2) (50.8) (54.7) (35.4) (42.6) (123.0) (172.5) (240.2) Amortization (16.7) (20.4) (34.7) (59.6) (37.8) (27.4) (40.6) (34.9) (65.1) k54.0) (82.0) (70.7) (86.0) Internal financing, net 49.3 33.1 21.9 95.4 16.4 51.6 132.9 146.1 152.8 133.3 64.7 217.5 221.1 Table 5.2: COSTA RICA: PUBLIC SECTOR OPERATIONS, 1960-72 Page 2 of 6 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 II. LOCAL GOVERNMENT Current revenues 42.0 40.2 39.0 35.6 44.2 51.1 52.0 54.9 54.8 58.1 67.4 85.9 85.9 Tax revenues 7.3 4.6 4.4 5.4 7.7 8.2 5.3 6.3 6.8 8.0 10.6 10.7 12.3 Nontax revenues and transfers 34.7 35.6 34.6 30.2 36.5 42.9 46.7 48.6 48.0 50.1 56.8 75.2 73.6 (from rest of general government sector) (19.9) (20.1) (19.9) (17.2) (23.7) (27.8) (29.7) (33.2) (32.5) (33.3) (37.2) (53.0) (49.7) Current expenditures 32.4 35.5 34.1 35.5 40.7 44.6 43.0 42.1 43.1 48.9 58.3 63.3 68.1 Wages and salaries 20.1 21.7 20.9 20.8 23.5 25.8 27.3 25.7 24.6 28.3 29.6 33.2 35.9 Goods and services 10.1 11.1 10.5 11.8 12.9 14.8 11.7 11.5 12.6 15.7 19.3 20.2 21.8 Interest payments 0.3 0.3 0.2 0.3 0.4 0.5 0.5 0.7 0.7 0.7 0.8 0.5 0.8 Transfers 2.0 2.4 2.4 2.5 3.9 3.5 3.5 4.2 5.2 4.2 8.6 9.3 9.6 (to rest of general government sector) (1.5) (1.7) (1.7) (1.6) (2.9) (2.2) (1.7) (2.1) (2.2) (2.2) (3.6) (4.8) (4.2) Current account surplus or deficit (-) 9.6 4.7 4.9 0.2 3.5 6.4 9.0 12.8 11.6 9.2 9.Z 22.6 17.8 Capital revenues 2.1 2.2 2.1 1.8 4.0 7.3 2.5 9.4 3.5 15.7 12.0 21.6 25.4 Transfers 1.3 1.6 1.5 0.9 3.9 7.1 2.5 9.2 3.4 15.4 11.5 20.5 24.9 (from rest of general government sector) (1.3) (1.6) (1.5) (0.7) (3.3) (7.0) (2.4) (9.2) (3.4) (15.3) (9.3) (20.1) (24.9) Sale of fixed assets 0.8 0.6 0.6 0.9 0.1 0.2 - 0.2 0.1 0.3 0.5 1.1 0.5 Capital expenditures 6.9 4.2 4.0 3.7 7.0 8.4 8.5 11.0 12.3 15.1 14.8 25.9 36.1 Fixed investment 6.2 3.9 3.7 2.8 6.6 7.6 7.5 10.3 11.6 13.3 12.9 23.1 34.8 Financial investment and net lending 0.7 0.3 0.3 0.2 0.4 0.8 1.0 0.7 - 0.9 1.0 0.4 0.5 Transfers - - - 0.7 - - - - 0.7 0.9 0.9 2.4 0.8 (to rest of general government sector) (-) (-) (-) (0.7) (-) (-) (-) (-) (0.2) (0.4) (0.4) (1.0) (0.3) Overall surplus or deficit (-) 4.8 2.7 3.0 -1.7 0.5 5.3 3.0 11.2 2.8 9.8 6.4 18.3 7.1 External financing, net2/ - - - - - - - - - - - 6.7 -0.5 Drawings - - - - - - - - - - - 6.7 3.3 Amortization - - - - - - - - - - - - 3.8 Internal financing, net -4.8 -2.7 -3.0 1.7 -0.5 -5.3 -3.0 -11.2 -2.8 -9.8 -6.4 -25.0 -6.6 Table 5.2: COSTA RICA: PUBLIC SECTOR OPERATIONS, 1960-1972 Page 3 of 6 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 III. AUTONOMOUS AGENCIES Current revenues 130.6 144.5 157.5 171.3 194.3 220.5 246.2 286.0 340.9 382.0 446.8 526.0 685 Tax revenues 38.6 45.1 52.3 60.9 68.5 80.7 93.8 109.7 127.5 142.9 166.9 217.4 308 Nontax revenues and transfers 92.0 99.4 105.2 110.4 125.8 139.8 152.4 176.3 213.4 239.1 279.9 308.6 377 (from rest of general government sector) (51.3) (54.9) (57.9) (64.2) (71.7) (82.5) (89.5) (110.6) (126.4) (148.6) (171.2) (197.0) (254) Current expenditures 97.0 104.8 117.1 126.6 141.4 155.7 181.1 210.5 248.8 284.9 327.5 382.8 492 Wages and salaries 60.2 65.5 70.6 79.5 86.2 97.2 116.8 131.7 147.1 174.1 200.8 241.7 331 Goods and services 31.9 34.0 38.7 39.1 45.5 48.1 50.7 61.8 79.2 87.0 96.5 103.5 109 Interest payments 0.1 0.1 0.1 - - 0.1 0.3 0.5 1.0 0,2 0.7 0.8 - Transfers 4.8 5.3 7.7 7.9 9.6 10.3 13.3 16.5 21.5 23.5 29.5 36.8 52 (to rest of general government sector) ( - ) ( - ) ( - ) (0.2) ( - ) (0.3) (0.7) (0.7) (0.9) (0.8) (1.4) (0.7) (1) Current account surplus or deficit (-) 33.6 39.7 40.4 44.7 52.9 64.8 65.1 75.5 92.1 97.1 119.3 143.2 193 Capital revenues 9.9 14.5 16.9 36.2 15.0 5.5 6.7 8.6 18.2 19.8 21.0 20.6 25 Transfers 2.6 4.0 7.4 26.4 3.6 - 0.8 0.5 9.8 5.7 8.4 0.6 8 (from rest of general government sector) (2.6) (4.0) (2.8) (26.4) (3.6) ( - ) (0.8) (0.5) (9.6) (5.7) (8.2) (0.6) (7) Sale of fixed assets 7.3 10.5 9.5 9.8 11.4 5.5 5.9 8.1 8.4 14.1 12.6 20.0 17 Capital expenditures 33.3 43.0 52.0 81.8 74.1 78.8 83.3 72.6 103.5 127.1 127.2 161.9 197 Fixed investment 12.9 12.6 13.9 24.2 28.3 40.1 39.7 33.2 32.0 56.3 54.0 52.4 56 Financial investment and net lendingY 20.4 30.4 38.1 57.6 45.8 38.4 43.6 39.1 71.5 70.7 73.2 109.5 141 Transfers - - - - - 0.3 - 0.3 - 0.1 - - - (to rest of general government sector) ( ) ( ) ( ) ( ) ( ) (0.3) ( ) (0.3) ( ) (0.1) ( ) ( ) ( ) Overall surplus or deficit (-) 10.2 11.2 5.3 -0.9 -6.2 -8.5 -11.5 11.5 6.8 -10.2 13.1 1.9 21 External financing, net2/ - - - - 0.3 0.6 1.5 0.7 0.9 2.0 7.1 24.6 6 Drawings - - - - 0.3 0.7 1.8 1.2 1.5 2.4 7.4 25.6 13 Amortization - - - - - 0.1 0.3 0 5 0.6 0.4 0.3 1.0 7 Internal financing, net -10.2 -11.2 -5.3 0.9 5.9 7.9 10.0 -12.2 -7.7 8.2 -20.2 -26.5 -15 Table 5.2: COSTA RICA: PUBLIC SECTOR OPERATIONS, 1960-72 Page 4 of 6 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 IV. GENERAL GOVERNMENT Current revenues 460.9 450.0 523.5 531.4 594.8 648.0 704.7 762.6 901.3 1,013.2 1,238.0 1,378.6 1,619 Tax revenues 384.6 372.4 439.7 454.5 506.1 553.4 602.5 642.2 756.0 856.0 1,058.0 1,170.2 1,388 Nontax revenues and transfers- 76.3 77.6 83.8 76.9 88.7 94.6 102.2 120.4 145.3 157.2 180.0 208.4 231 (from state enterprises) (20.8) (20.8) (20.3) (20.8) (25.5) (27.3) (32.9) (32.4) (36.3) (41.2) (44.7) (53.0) (59) Current expenditures 389.1 426.0 465.1 536.3 564.8 625.1 702.7 758.1 828.7 930.4 1,083.2 1,302.3 1,444 Wages and salaries 269.8 293.9 312.5 356.1 362.8 399.6 471.6 506.7 551.9 629.4 702.5 875.5 997 Goods and service 70.0 74.1 81.1 110.7 125.3 139.6 123.0 134.7 149.1 151.2 187.9 208.6 205 Interest paymentss 21.0 26.5 28.1 33.0 39.4 42.5 39.5 49.6 55.8 69.1 76.8 100.4 107 Transfers and subsidies 28.3 31.5 43.4 36.5 37.3 43.4 68.6 67.1 71.9 80.7 116.0 117.8 135 (to state enterprises) ( - ) (0.1) (2.5) (1.3) (0.7) (1.6) (0.5) (1.9) (1.9) (3.2) (5.1) (4.2) (3) Current accountsurplus or deficit (-) 71.8 24.0 58.4 -4.9 30.0 22.9 2.0 4.5 72.6 82.8 154.7 76.3 175 Capital revenues 10.0 12.6 16.4 16.2 15.1 10.6 10.4 14.2 13.9 41.4 24.9 21.5 18 Transfers 1.9 1.3 6.3 5.5 3.6 4.9 4.5 5.9 5.4 23.8 11.8 0.4 1 (from state enterprises) (0.2) ( - ) ( - ) ( - ) (0.2) ( - ) ( - ) ( - ) ( - ) (1.2) (1.3) ( - ) ( )- Sale of fixed assets 8.1 11.3 10.1 10.7 11.5 5.7 5.9 8.3 8.5 17.6 13.1 21.1 17 Capital expenditures 144.9 117.9 120.4 139.9 145.6 160.3 153.9 150.7 185.6 226.5 227.4 357.6 471 Fixed investment 84.1 80.1 65.9 81.6 91.6 101.8 111.8 122.7 129.2 180.3 192.4 273.9 380 Financial investment and net lending- 25.3 27.1 36.9 46.9 33.3 20.7 21.3 10.7 30.6 22.1 11.2 51.8 49 Transfers 35.5 10.7 17.6 11.4 20.7 37.2 20.8 17.3 25.8 24.1 23.8 31.9 42 (to state enterprises) (19.5) (4.0) (9.8) (8.1) (15.6) (6.2) (14.9) (7.4) (4.1) (8.6) (11.0) (9.1) (24) Overall surplus or deficit (-) -63.1 -81.3 -45.6 -128.6 100.5 -126.8 -141.5 -132.0 -99.1 -102.3 -47.8 -259.8 -278 External financing, net 31.3 68.8 43.0 44.9 96.2 95.3 34.0 47.4 3.6 24.9 77.3 154.1 191 Grants 22.5 34.1 17.6 23.9 41.1 35.9 22.3 26.9 31.7 34.3 29.2 21.0 35 Loans, net 8.8 34.7 25.4 21.0 55.1 59.4 11.7 20.5 -28.1 -9.4 48.1 133.1 156 Drawings (25.5) (55.1) (60.1) (80.6) (92.9) (86.9) (52.6) (55.9) (36.9) (45.0) (130.4) (204.8) (252) Amortization (16.7) (20.4) (34.7) (59.6) (37.8) (27.5) (40.9) (35.4) (65.7) (54.4) (82.3) (71.7) (96) Internal financing, net 31.8 12.5 2. 83.7 4.3 31.5 107.5 84.6 95.5 77.4 -29.6 105.7 87 Table 5.2: COSTA RICA: PUBLIC SECTOR OPERATIONS, 1960-72 Page 5 of 6 (In millions of current colones) Prel. 1960 1961 1962 [963 1964 1965 1966 1967 1968 1969 1970 1971 1972 V. STATE ENTERPRISES-1 Current revenues 166.0 170.2 171.2 206.6 232.0 235.2 257.4 280.8 325.8 395.7 536.1 525.7 613.8 Goods and services 161.5 163.6 161.4 199.4 224.9 227.2 245.4 264.7 298.2 369.2 510.5 504.3 575.7 Transfers ( - ) (0.2) (2.5) (1.3) (0.7) (1.6) (0.5) (1.9) (1.9) (3.2) (5.1) (4.2) (3.3) (from rest of public sector) ( - ) (0.2) (2.5) (1.3) (0.7) (1.6) (0.5) (1.9) (1.9) (3.2) (5.1) (4.2) (3.3) Other 0.6 1.0 0.9 - - - 4.2 5.2 16.4 13.0 10.2 17.1 34.7 Current expenditures 159.1 168.6 169.3 200.5 221.3 228.4 255.8 267.5 288.6 358.4 459.1 482.0 548.9 Wages and salaries 39.4 40.3 45.8 48.6 51.3 56.4 61.8 66.7 75.1 88.4 110.6 106.0 107.9 Goods and services 54.6 62.0 57.1 79.1 82.2 77.3 74.9 79.6 81.7 109.3 148.4 155.0 181.0 Interest payments 3.0 3.7 4.9 7.7 11.7 12.9 20.6 22.8 24.6 29.7 26.0 40.5 48.4 Transfers 62.1 62.6 61.5 65.1 76.1 81.8 98.5 98.4 107.2 131.0 164.1 180.5 2!1.- (to rest of publc sector) (20.3, (20.6) (20.3) (&0.) (25.0 (27.3) (32.9) (32.4) (36.3) (41.2) (44.7) (53.0) (58.9) Current account surplus or deficit (-) 6.9 1.6 1.9 6.1 10.7 6.8 1.6 13.3 37.2 37.3 77.0 43.7 64.9 Capital revenues 19.6 8.0 10.6 9.9 19.5 10.4 18.6 11.2 6.4 12.2 13.3 10.6 35.2 Transfers 19.5 4.0 9.8 8.8 15.6 7.2 15.7 8.0 4.8 10.3 12.4 10.4 33.4 (from rest of public sector) (19.5) (4.0) (9.8) (8.1) (15.6) (6.3) (14.9) (7.4) (4.3) (8.7) (11.0) (8.2) (25.6) Sale of fixed assets 0.1 4.0 0.8 1.1 3.9 3.2 2.9 3.2 1.6 1.9 0.9 0.2 1.8 Capital expenditures 29.1 32.6 63.2 59.9 73.8 125.3 73.0 64.2 126.8 77.7 103.4 170.6 209.8 Fixed investment 17.6 28.3 62.0 52.3 66.6 123.5 68.2 63.9 55.2 75.0 99.2 165.3 209.6 Financial investment and net lending 11.3 4.3 1.2 7.6 7.0 1.8 4.8 0.3 71.6 1.5 2.9 5.3 0.2 Transfers 0.2 - - - 0.2 - - - - 1.2 1.3 - - (to rest of public sector) (0.2) ( - ) ( - ) ( - ) (0.2) ( - ) ( - ) ( - ) ( - ) (1.2) (1.3) ( - ) ( - Overall surplus or deficit (-) -2.6 -23.0 -50.7 -43.9 -43.6 -108.1 -52.8 -39.7 -83.2 -28.2 -13.1 -116.3 -109.7 External financing, net2_ -4.4 13.5 25.4 21.1 23.3 73.2 27.0 31.8 76.3 14.6 23.3 60.2 78.2 Drawings 0.1 18.1 29.0 24.9 24.7 77.5 47.2 55.6 112.6 39.0 47.0 84.5 102.7 Amortization 4.5 4.6 3.6 3.8 1.4 4.3 20.2 23.8 36.3 24.4 23.7 24.3 24.5 internal financing, net 7.0 9.5 25.3 22.8 20.3 34.9 25.8 7.9 6.9 13.6 -10.2 56.1 31.5 Table 5.2: COSTA RIC.: PUBLIC SECTOR OPERATIONS, 1960-72 Page 6 of 6 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 VI. CONSOLIDATED PUBLIC SECTOR Current account surplus or deficit (-) 78.7 25.6 60.3 1.2 40.6 29.7 3.6 17.8 109.8 120.1 231.7 120.0 240 Capital revenues 9.9 16.6 17.2 17.3 18.8 14.7 14.1 18.0 16.0 44.9 27.2 23.9 29 Transfers 1.7 1.3 6.3 5.5 3.4 5.8 5.3 6.5 5.9 25.4 13.2 2.6 9 Sale of fixed assets 8.2 15.3 10.9 11.8 15.4 8.9 8.8 11.5 10.1 19.5 14.0 21.3 20 Capital expenditures 148.2 146.2 173.8 206.8 201.0 275.8 214.2 209.2 310.6 298.7 323.3 518.8 657 Fixed investment 101.7 108.4 127.9 133.9 158.2 225.3 180.0 186.6 184.4 255.3 291.6 439.2 589 Financial investment 15.4 24.2 15.2 65.1 32.1 19.6 22.7 10.2 104.5 19.5 13.0 50.5 32 Net lending 15.1 6.9 22.9 4.5 5.6 -0.1 5.6 2.5 - 8.4 5.9 6.3 17 Transfers 16.0 6.7 7.8 3.3 5.1 31.0 5.9 9.9 21.7 15.5 12.8 22.8 19 Overall surplus or deficit (-) -59.6 -104.0 -96.3 -188.3 -141.6 -231.4 -196.5 -173.4 -184.8 -133.7 -64.4 -374.9 -388 External financing net 26.9 82.3 68.'. C.0 119.5 168.4 61.0 79.2 79.2 39.5 i0Q.6 214.3 265 Grants 22.5 34.1 17.6 23.9 41.1 35.9 22.3 26.9 31.7 34.3 29.2 21.0 35 Loans, net 4.4 48.2 50.8 42.1 78.4 132.5 38.7 52.3 47.5 5.2 71.4 193.3 -234 Repayable in foreign currency n.a. n.a. n.a. n.a. n.a. 128.8 28.4 40.6 34.4 -15.4 56.3 172.3 209 Drawings (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (160.1) (86.3) (98.6) (134.7) (60.8) (158.8) (264.3) (325) Amortization (n.n.) (n.a.) (n.a.) (n.a.) (n.a.) (31.3) (57.9) (58.0) (100.3) (76.2) (102.5) (92.0) (116) Repayable in local currency n.a. n.a. n.a. n.a. n.a. 3,7 10.3 (11.7) 13.1 20.6 15.1 21.0 25 Drawings (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (4.2) (13.5) (12.9) (14.8) (23.2) (18.6) (25.0) (30) Amortization (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (0.5) (3.2) (1.2) (1.7) (2.6) (3.5) (4.0) (5) Internal financing, net 32.7 21.7 27.9 122.3 22.1 63.0 135.5 94.2 105.6 94.2 -36.2 160.6 123 Banking system, net n.a. n.a. n.a. n.a. n.a. n.a. n.a. 37.4 25.3 -62.1 -75.7 73.3 103 Bonds placed outside banks, net n.a. n.a. n.a. n.a. n.a. n.a. n.a. 49.3 36.4 99.0 83.3 44.8 111 Domestic holders (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (55.3) (56.3) (121.9) (82.6) (39.4) (52) Foreign holders (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (-6.0) (-19.9) (-22.9) (0.7) (5.4) (59) Other n.a. n.a. n.a. n.a. n.a. n.a. n.a. 7.5 43.9 57.3 -43.8 42.5 -91 1/ Excluding public financial intermediaries. 2/ Includes loans denominated in local currency. 3/ Includes short-terrr indebtedness of Central Government to Social Security Fund, and government bond purchases by the Fund. 4/ Including 0 4 million in grants. 5/ Interest on short-term debt of Central Government to Social Security Fund netted out in consolidation. 6/ Short-term lending by Social Security Fund to Central Government netted out in consolidation. Source: Appendix Table 5.3 , 5.4 and 5.5 ; Planning Office; Central Bank; and mission estimates. The external financing data for 1960-64 came from the Planning Office; thereafter from IBRD external debt statistics. Table 5.3 : COSTA RICA: PUBLIC SECTOR OPERATIONS, 1972-78 Page 1 of 6 (In millions of current colones) Preliminary Projections 1972 1973 1974 1975 1976 1977 1978 I. CENTRAL GOVERNMENT Current revenues 1,160 1,332 1,467 1,602 1,750 1,928 2,127 Tax revenues 1,068 1,231 1,355 1,480 1,616 1,780 1,965 Nontax revenues and transfers 92 103 114 127 140 155 172 (from rest of general government sector) (1) ( - ) (2) (2) (2) (3) (3) Current expenditures 1,196 1,392 1,566 1,729 1,914 2,113 2,337 Wages and salaries 631 725 812 909 1,018 1,140 1,278 Goods and services 74 81 90 98 108 119 131 Interest payments 112 150 175 192 212 233 256 Transfers 379 436 489 530 576 621 672 (to rest of general government sector) (300) (348) (394) (428) (465) (504) (544) Current account surplus or deficit (-) -36 -60 -99 -127 -164 -185 -210 Capital revenues Capital expenditures 371 462 385 353 359 434 450 Fixed investment 289 318 251 248 284 357 370 Financial investnent and net lending 9 10 11 12 13 14 15 Transfers 73 134 113 93 62 63 65 (to rest of general government sector) (31) (57) (28) (27) (28) (30) (31) Overall surplus or deficit (-) -406 -522 -484 -480 -523 -619 -660 External financing, net 185 194 65 70 67 121 152 Grants 31 14 3 - - - - Loans, net-' 154 180 62 70 67 121 152 Drawings (240) (255) (167) (172) (171) (212) (232) Amoi t izati on (Q6) (75) (105) (10?) (104) (91) (80) Internal financing, net 221 328 419 410 456 498 508 Short-term debt with Social Security 101 106 138 154 171 191 212 Bonds placed outside the banks, net 101 25 (-- Domestic holders (42) (25) (~ (-i --) (-) Foreign holders (59) ( * ) Banking system, net 101 106 ) 281 256 285 307 296 uther -84 67 ) Table _.3 : COSTq RICA: PUBLIC SECTOR OPERATIONS, 197: -72 Page of 6 (In miLlions of current colones) Preliminary Projections 1972 1973 1974 1975 1970 1977 1973 II. LOCAL GOVERNMENT Current revenues du 97 104 113 ]23 133 145 Tax revenues 12 14 15 1> 1 O0 Nontax revenues and transfers 74 83 d9 97 105 113 123 (from rest of general government sector) (50) (58) (62) (67) (72) (77) ('3) Current expenditures ,8 75 62 90 100 110 120 (transfers to rest of general government sector) (4) (4) (4) (5) (5) (5) (5) Current account surplus or deficit (-) 18 22 22 23 23 23 25 Capital revenues 25 39 25 26 28 29 30 (transfers from rest of general government sector) (25) (39) (25) (26) (28) (09) (30) Capital expenditures 36 41 40 40 45 41 45 Fixed investment 35 41 40 40 45 41 45 Other 1 - - - - - - Overall surplus or deficit (-) 7 20 7 9 o 11 10 III. AUTONOOUS AGENCIES Current revenues 685 708 655 988 1,082 1,184 1,295 Tax revenues 308 343 373 459 505 555 210 Nontax revenues and transfers 377 425 482 529 577 629 685 (from rest of general government sector) (254) (294) (336) (367) (398) (431) (466) Current expenditures 492 590 673 780 697 937 1,085 Current account surplus or deficit (-) 193 178 177 208 185 197 209 Capital revenues 25 33 20 18 18 19 22 Transfers 8 18 3 1 1 1 1 (from rest of general government sector) (7) (18) (3) (1) (1) (1) (1) Sale of fixed assets 17 15 17 17 17 18 21 Capital expenditures 197 199 205 206 229 242 259 Fixed nvestment 56 51 55 46 59 62 69 Other3/ 141 148 150 10 170 10 190 Overall surplus or deficit 21 12 -8 20 -26 -26 -28 fable 5.3 COSTA illCA: PUBLIC SECTOR OPERATIONS, 1979-73 Page 3 of 6 (In millions of current colones) Preliminary Projections 197, 1973 1974 1975 1976 1977 1978 IV. GENERAL GOVERNMENT Current revenues L,319 1,845 2,028 2,267 2,483 2,7341, 3,015 Tax revenues 1,338 1,58( 1,743 1,955 2,139 2,355 2,577 Nontax revenues and transfers 231 257 285 312 344 379 438 (from state enterprises) (59) (65) (70) (76) (84) (90) (98) Current expenditures 1,444 1,705 1,928 9,163 2,439 2,699 2,991 (transfers to state enterprises) (3) () (-) (-) (-) (-) (-) Current account surplus of deficit (-) 175 140 100 104 44 35 24 Capital revenues 18 15 17 17 17 18 21 Transfers 1 - Sale of fixed assets 17 15 17 17 17 18 21 Capital expenditures 471 539 452 418 434 496 521 Fixed 4nvestment 380 410 344 334 388 460 484 Othet- 91 129 108 84 46 36 37 (transfers to state enterprises) (25) (54) (76) (57) (26) (27) (27) Overall surplus or deficit (-) -278 -384 -335 -297 -373 -443 -476 V. STATE ENTERPRISES Current account surplus or deficit (-)65 71 78 86 95 105 115 Capital revenues 35 66 87 68 32 33 34 ant r 33 64 85 66 30 31 31 Transfers o26) (54) (76) (57) (26) (27) (27) (from rest of public sector) 2 2 2 2 2 2 3 Sale of fixed assets Capital expenditures 210 239 253 330 343 427 470 Fie netet210 239 253 330 343 427 470 Fixed investment - - Other Overall surplus or deficit -110 -102 -88 -176 -216 -289 -321 Table 5.3: COSTA RICA: PJRLT, SECTOR OPERATIONS, 1972-78 Page 14 of 6 (In millions of current colones) VT. CONSOLIDATED PUBLIC SECTOR Current account sirp1ns or deficit (-) 2)0 211 178 190 139 140 139 Capital -evenies 29 27 28 28 23 24 28 Transfers 9 10 9 9 4 4 4 Sale of fixed assets 20 17 19 19 19 20 24 Capital expenditures 657 724 629 691 751 896 964 ( Fixed investment ) (589, (019) (597) (664) (731) (887) (954) Overall surplus or deficit (-) -388 -I86 -423 -473 -589 -732 -797 External financing, net 265 352 206 283 296 390 439 Grants 35 20 7 4 4 h Loans, npt 2 2314 332 201 239 290 386 )35 Drawings (355) (414) (325) (365) (400) (480) (523) Amortization (121) (82) (124) (126) (110) (9h) (88) Tnternal financing, net 123 13 - - - - - Financing gap - - 217 230 295 372 358 1/ Fxcluding public financial intermediaries. / Tncludes loan denominated in local currency. 1/ Includes short-term indebtedness of Central Government to Social Security Fund. 1/ Short-term lending by Social Security to Central Government netted out in consolidation. Source: Planning Office; Ministry of Finance; Central Bank; and IBRD mission estimates. (See next page.) Table 5. 3: COSTA RICA: PUBLIC SECTOR OPERATIONS, 1972-78 Page 5 of 6 (In millions of current colones) Preliminary Projections 1972 1973 1974 1975 1976 1977 1978 VI. CONSOLIDATED PUBLIC SECTOR Current account surplus or deficit (-) 240 211 178 190 139 140 139 Capital revenues 29 27 28 28 23 24 28 Transfers 9 10 9 9 4 4 4 Sale of fixed assets 20 17 19 19 19 20 24 Capital expenditures 657 724 629 691 751 896 964 (Fixed investment) 089) (649) (597) (664) (731) (887) (954) Overall surplus or deficit (-) -388 -486 -423 -473 -589 -732 -797 External financing, net 265 Grants 35 20 7 4 4 4 4 Loans, net2/ 234 Drawings (355) (414) (325) (365) (400) (480) (523) Amortization (121) Internal financing, net 123 Bonds placed outside banks, net 111 40 Domestic holders (52) Foreign holders (59) Banking system 103 130 ) Other -91 ) 1/ Excluding public financial intermediaries. 2/ Includes loans denominated in local currency. 3/ Includes short-term indebtedness of Central Government to Social Security Fund. 4/ Short-term lending by Social Security to Central Government netted out in consolidation. Source: Planning office; Ministry of Finance; Central Bank; and mission estimates. (See next page.) Page 6 of 6 Notes to Table 5.3 Assumptions for 1973-78 projections: Central Government Revenues: See Appendix Table 5.9. Wages and salaries: 15 per cent increase in 1973, 12 per cent annually thereafter. Goods and services: 10 per cent annual increase. Transfers: see Appendix Table 5.6. Fixed investment: see Appendix Table 5. Other investment: 10 per cent annual increase. Internal financing: assumes rollover of 0 25 million of '-ahama bonds coming due in 1973, and no net placements of bonds outside the banks, in 1974-78, over and above redemptions by domestic and foreign holders. Local Government Tax revenues and current expenditures are assumed to increase at a 10 per cent annual rate. Transfers: see Appendix Table 5.6. On capital account, it is assumed, in particular, that the level of Central Government transfers for local public works ("Obras Especificas"), will not be maintained ac the high level voted by the Legislative Assembly in the 1973 budget (t 39 million). The fixed investment projection takes into account the expected implementation of the local road construction program for which the Central Government imported large amounts of machinery in 1971 and 1972. Autonomous Agencies The tax revenue projection is based on plans for the extension of Social Security to virtually the entire population by 1976. The revenue increase reaches a peak (23 per cent) in 1975, while expenditures lag behind, causing a temporary increase in the current account surplus for that year. Current expenditures are projected to rise by 20 per cent in 1974, 15 per cent annually thereafter. Fixed investment: see Appendix Table 5. Financial investment reflects essentially the loam and investments of the Social Security Fund. The assumption made here is that the Central Government will continue to owe to the Social as Security Fund the greater part of its annual accrued contributionsboth employer cnd state. As a result, beginning in 1974, the liquidity position of the Social Security Fund is projected to preclude any substantial investments in the financial or housing market, and to require actual redemption of some government bonds held in Social Security's portfolio toward the end of the period. State Enterprises The current account surplus projection assumes price increases in step with increasesin costs of production. Fixed investment: see Appendix Table 5. Table 5.4 COSTA RICA: SUMMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 1 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 1970 1971 1972 I. STATE ENTERPRISES 1. COSTA RICAN ELECTRICITY INSTITUTE (ICE) Current revenues 42.6 42.6 50.4 62.9 83.4 107.3 149.6 175.8 Sales of goods and services 40.1 39.3 48.3 60.2 79.1 95.6 139.2 168.3 Other 2.5 3.3 2.1 2.7 4.3 11.7 10.4 7.5 Current expenditures 38.4 37.8 50.0 51.4 57.5 69.8 97.9 109.0 Wages and salaries 11.5 12.9 15.1 17.1 21.4 24.6 38.4 29.2 Goods and services 16.4 12.9 15.1 13.3 13.0 16.7 25.9 37.1 Interest payments 10.5 11.9 19.4 20.9 22.4 27.8 33.0 39.1 Transfers to: - 0.1 0.4 0.1 0.7 0.7 0.6 3.6 Public sector ( - ) ( - ) (0.3) ( - ) (0.5) (0.2) (0.2) (0.3) Private sector ( - ) (0.1" (0.1) (0.1) (0.2) (0.5) (0.4) (3.3) Current account surplus or deficit (-) 4.2 4.8 0.4 11.5 25.9 37.5 51.7 66.8 Capital revenues 13.7 3.8 5.7 2.9 0.5 1.2 1.2 3.8 Transfers from: 11.1 1.8 4.9 1.4 0.2 0.7 1.2 2.2 Public sector (11.1) (0.9) (4.3) (1.0) ( - ) (0.1) (- ) (0.4) Private sector ( - ) (0.9) (0.6) (0.4) (0.2) (0.6) (1.2) (1.8) Sale of fixed assets 2.6 2.0 0.8 1.5 0.3 0.5 - 1.6 Capital expenditures 60.8 112.6 55.8 47.8 103.4 28.9 135.6 157.2 Fixed investment 55.1 111.1 55.7 47.7 33.0 27.5 131.7 157.2 Other 5.7 1.5 0.1 0.1 70.4 1.6 3.9 - Overall surplus or deficit (-) -52.4 -104.0 -49.7 -34.2 -77.0 9.8 -82.7 -86.6 2. NATIONAL WATER AND SEWERAGE SERVICE (SNAA) Current revenues 6.4 7.1 7.3 9.7 11.0 14.1 21.4 25.1 Sales of goods and services 5.6 5.7 6.4 7.4 8.4 10.9 16.6 20.7 Other 0.8 1.4 0.9 2.3 2.6 3.2 4.8 4.4 Current expenditures 6.4 7.1 7.3 9.8 11.0 14.0 21.4 25.1 Wages and salaries 4.3 4.7 4.8 5.7 7.0 7.8 10.7 12.6 Goods and services 2.0 2.2 2.1 3.2 3.3 5.8 6.8 7.5 Interest payments 0.1 0.2 0.3 0.5 0.6 - 3.3 4.4 Transfers to: - - 0.1 0.4 0.1 0.4 0.6 0.6 Public sector ( - ) ( - ) (0.1) (0.2) ( - ) (0.2) (0.2) (0.2) Private sector ( - ) ( - ) ( - ) (0.2) (0.1) (0.2) (0.4) (0.4) Current account surplus or deficit (-) - - - -0.1 - 0.1 - - Capital revenues 4.6 5.2 10.8 6.6 4.6 7.6 5.8 22.3 Transfers from: 4.6 5.2 10.8 6.6 4.6 7.6 5.8 22.3 Public sector (4.6) (5.2) (10.6) (6.4) (4.3) (6.8) (5.6) (21.7) Private sector ( - ) ( - ) (0.2) (0.2) (0.3) (0.8) (0.2) (0.6) Sale of fixed assets - - - - - - - - Capital expenditures 6.9 7.1 10.7 8.2 18.7 31.0 16.1 35.4 Fixed investment 6.8 7.1 10.6 8.1 18.7 30.9 16.0 35.1 Other 0.1 - 0.1 0.1 - 0.1 0.1 0.3 Overall surplus or deficit (-) -2.3 -1.9 0.1 -1.7 -14.1 -23.3 -10.3 -13.1 Table 5.4 COSTA RICA: SUMMARY RANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 2 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 19701/ 1971 1972 3. NATIONAL PRODUCTION COUNCIL (CNP) Current revenues 76.0 71.3 72.4 81.1 92.2 89.6 117.4 139.9 Sales of goods and services 69.5 70.0 70.9 79.1 80.8 89.3 116.9 121.7 Other 6.5 1.3 1.5 2.0 11.4 0.3 0.5 18.2 Current expenditures 70.7 69.9 71.7 79.0 83.2 95.9 127.1 149.9 Wages and salaries 10.2 12.6 13.2 13.7 15.2 15.8 18.4 20.1 Goods and services 59.3 56.1k 54.3 59.5 63.9 77.1 106.2 123.1 Interest payments 1.2 0.V 0.8 1.4 1.6 1.8 1.6 2.7 Transfersto: - 0.1 3.4 4.4 2.5 1.2 0.9 4.0 Public sector ( - ) ( - ) (0.6) (1.2) (0.9) (0.2) ( - ) (0.3) Private sector ( - ) (0.1) (2.8) (3.2) (1.6) (1.0) (0.9) (3.7) Current account surplus or deficit (-) 5.3 1./, 0.7 2.1 9.0 -6.3 -9.7 -10.0 Capital revenues 1.1 1.2 - 1.8 1.4 3.1 1.8 2.8 Transfers from: - - - - - 1.6 1.6 2.6 Public sector ( - ) ( - ) ( - ) ( - ) ( - ) (1.6 (1.6) (2.6) Privatesector (-) (-) (-) (-) (-) (-) (-) (-) Sale of fixed assets 1.1 1.2 - 1.8 1.4 1.5 0.2 0.2 Capital expenditures 2.2 4.5 2.2 7.2 2.7 2.0 1.8 5.2 Fixed investment 2.2 4.3 0.9 7.2 1.5 2.0 1.9 5.3 Other - 0.2 1.3 - 1.2 - -0.1 -0.1 Overall surplus or deficit (-) 4.2 -1.9 -1.5 - 3.3 7.7 -5.2 -9.7 -12.4 4. PACIFIC PORT AUTHORITY (INCOP) Current revenues 19.7 20.1 20.2 20.7 23.1 29.3 42.7 35.9 Sales of goods and services 18.7 19.8 19.9 20.4 22.9 28.9 42.4 35.6 Other 1.0 0.3 0.3 0.3 0.2 0.4 0.3 0.3 Current expenditures 18.8 19.9 19.9 20.8 21.3 23.6 39.7 38.4 Wages and salaries 14.2 14.5 15.6 16.2 17.0 16.9 26.6 26.7 Goods and services 4.6 5.4 4.1 4.5 3.9 4.6 9.6 7.9 Interest payments - - - - - - 0.1 - Transfers to: - - 0.2 0.1 0.4 2.2 3.4 3.8 Public sector ( - ) ( - ) (0.1) (0.1) (0.4) (0.1) (1.0) (0.9) Private sector ( - ) ( - ) (0.1) ( - ) ( - ) (2.1) (2.4) 2.9 Current account surplus or deficit (-) 0.9 0.2 0.3 -0.1 1.8 5.7 3.0 -2.5 Capital revenues - - 2.0 - - - 0.3 - Transfers from: - - - - - - 0.3 - Publicsector (-) (-) (-) (-) (-) (-) (0.3) () Privatesector (-) (-) (-) (-) (-) (-) (-) (-) Sale of fixed assets - - 2.0 - - - - - Capital expenditures 3.4 0.7 4.1 0.7 1.4 2.8 1.0 6.1 Fixed investment 2.3 0.7 0.9 0.7 1.4 2.8 1.0 6.1 Other 1.1 - 3.2 - - - - - Overall surplus or deficit (-) -2.5 -0.5 -1.8 -0.8 0.4 2.9 2.3 -8.6 Table 5.4 : COSTA RICA: SUMMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 3 of 8 (In millions of current colones) 1/ 1964 1965 1966 1967 1968 1969 1970 1971 1972 5. ATLANTIC DEVELOPMENT AND PORT AUTHCR ITY (JAPDEVA)Z/ Current revenues 0.3 0.6 0.7 0.5 1.4 9.8 13.3 29.5 Sales of goods and services 0.1 0.1 0.3 0.2 0.6 9.5 13.3 26.3 Other 0.2 0.5 0.4 0.3 0.8 0.3 - 3.2 Current expenditures 0.3 0.5 0.7 0.5 0.8 11.3 14.3 20.1 Wages and salaries 0.2 0.3 0.5 0.4 0.7 5.6 8.7 15.1 Goods and services 0.1 0.2 0.2 0.1 0.1 1.4 3.7 3.0 Interest payments - - - - - - 1.6 1.0 Transfers to: - - - - 4.3 0.3 1.0 Publicsector (-) (-) (-) -) (-) (-) (-) (0.4) Private sector (-) (-) (-) (-) () (4.3) (0.3) (0.6) Current account surplus or deficit (-) - 0.1 - - 0.6 -1.5 -1.0 9.4 Capital revenues - - 0.1 - - - 0.3 5.2 Transfers from: - - 0.1 -- - 0.3 5.2 Public sector (-) (-) (0.1) (-) (-) (-) (0.3) ( - ) Private sector (-) (-) (-) (-) (-) (-) () (5.2) Sale of fixed assets - Capital expenditures - - 0.1 0.1 0.3 10.4 4.8 0.3 Fixed investment - - 0.1 0.1 0.3 10.4 4.9 0.3 Other - - - - - - -0.1 - Overall surplus or deficit (-) - 0.1 - -0.1 0.3 -11.9 -5.5 14.3 6. MUNICIPAL ELECTRICITY BOARDS 3/ Current revenues n.a. n.a. n.a. n.a. n.a. n.a. n.a. 14.4 16.4 Sales of goods and services n.a. n.a. n.a. n.a. n.a. n.a. n.a. 14.4 16.0 Other n.a. n.a. n.a. n.a n.a. n.a. n.a. 0.0 0.4 Current expenditures n.a. n.a. n.a. n.a. n.a. n.a. n.a. 13.4 14.2 Wages and salaries n.a. n.a. n.a. n.a. n.a. n.a. n.a. 3.0 3.8 Goods and services n.a. n.a. n.a. n.a. n.a. n.a. n.a. 9.4 9.0 Interest payments n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.9 1.2 Tranzfers to: n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.1 0.2 Public sector (n.a.) (n.a ) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) ( - ) (0.1) Private sector (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a. ) (0.1) (0.1) Current account surplus or deficit (-) n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.0 2.2 Capital revenues n.a. n.a n.a. n.a. n.a. n.a. n.a. 1.1 1.1 Transfers from: n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.1 1.1 Public sector (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (0.4) (0.9) Private sector (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (0.7) (0.2) Sale of fixed assets n.a. n.a. n.a. n.a. n.a. n.a. n.a. - - Capital expenditures n.a. n.a. n.a. n.a. n.a. n.a. n.a. 10.8 4.0 Fixed investment n.a. n.a. n.a. n.a. n.a. n.a. n.a. 9.7 4.0 Other n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.1 - Overall surplus or deficit (-) n.a. n.a. n.a. n.a. n.a. n.a. n.a. -8.7 -0.7 Table 5.4 : COSTA RICA: SUMMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 4 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 19701/ 1971 1972 7. NATIONAL LOTTERY (LOTERIA) Current revenues n.a. n.a. 89.9 91.5 102.1 118.9 169.1 193.9 Sales of goods and services n.a. n.a. 89.9 91.5 102.1 118.9 169.1 193.9 Other n.a. n.a. - - - - - - Current expenditures n.a. n.a. 89.9 91.5 102.1 118.9 169.1 193.9 Wages and salaries n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Goods and services n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Interest payments - - - - - - - - Transfers to: n.a. n.a. 89.8 91.5 102.1 118.9 169.1 194.0 Public sector (n.a.) (n.a.) (29.8) (30.4) (33.9) (39.5) (49.3) (54.9) Private sector (n.a.) (n.a.) (60.1) (61.1) (68.2) (79.4) (119.8) (139.0) Current account surplus or deficit (-) n.a. n.a. - - - - - - 8. FOOTBALL LOTTERY (TOTOGOL) Current revenues n.a. n.a. 5.2 2.5 1.7 4.5 5.5 4.5 Sales of goods and services n.a. n.a. 5.2 2.5 1.7 4.5 5.5 4.5 Other n.a. n.a. - - - - - - Current expenditures n.a. n.a. 4.9 2.8 1.9 3.9 6.7 5.6 Wages and salaries n.a. n.a. 0.2 0.3 0.2 0.3 0.4 0.4 Goods and services n.a. n.a. 0.4 0.6 0.4 0.6 0.8 0.7 Interest payments n.a. n.a. - - - - - - Transfers to: n.a. n.a. 4.3 1.9 1.3 3.0 5.5 4.5 Public sector (n.a.) (n.a.) (1.8) (0.5) (0.3) (0.9) (2.3) (1.8) Private sector (n.a.) (n.a.) (2.5) (1.4) (1.0) (2.1) (3.2) (2.7) Current account surplus or deficit (-) n.a. n.a. 0.3 -0.3 -0.2 0.6 -1.2 -1.1 Table 5.4 : COSTA RICA: SUlMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 5 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 1970 1971 1972 II. AUTONOMOUS AGENCIES 1. COSTA RICAN SOCIAL SECURITY FUND (CCSS) Current revenu 103.8 119.6 133.4 153.0 176.9 207.5 231.1 297.8 410.0 Tax revenuesV 68.4 79.5 89.6 105.0 121.2 136.3 158.7 204.8 289.8 Transfers from: 20.4 23 9 29.4 32.1 37.1 42.1 48.7 63.1 88.5 Public sector5/ (20.4) (23.9) (29.4) (32.1) (37.1) (42.1) (48.7) (63.1) (88.5) Privatesector (-) (-) (-) (-) (-) (-) (-) (-) (-) Other 15.0 16 2 14.4 15.9 18.6 29.1 23.7 29.9 31.7 Current expenditures 52.3 62.1 75.3 89.6 100.6 127.7 141.4 182.0 246.6 Wages and salaries 26.4 32.0 40.3 47.4 51.6 63.4 83.6 99.0 146.3 Goods and services 19.4 22.0 24.7 30.0 34.2 46.4 36.6 56.0 65.6 Interest payments - - - - - - - - - Transfers to: 6.5 8.1 10.3 12.2 14.8 17.9 21.2 27.0 34.7 Public sector ( - ) (0.3) (0.6) (0.7) (0.7) (0.6) (0.6) (0.6) (0.9) Private sector (6.5) (7.8) (9.7) (11.5) (14.1) (17.3) (20.6) (26.4) (33.8) Current account surplus or deficit (-) 51.5 57.5 58.1 63.4 76.3 79.8 89.7 115.8 163.4 Capital revenues 9.3 5.4 5.1 5.6 7.8 13.7 10.5 18.0 17.0 Sale of fixed assets 9.3 5.4 5.1 5.6 7.8 13.7 10.5 18.0 17.0 Capital expenditures 54.7 61.2 72.5 59.7 83.4 95.2 79.3 134.4 153.0 Fixed investment 16.1 26.3 29.7 22.4 13.8 28.9 35.2 20.5 14.7 Other 38.6 34.9 42.8 37.3 69.6 66.3 44.1 113.9 138.3 Overall surplus or deficit (-) 10.1 1.7 -9.3 9.3 0.7 -1.7 20.9 -0.6 27.4 2. MEDICAL ASSISTANCE INSTITUTES (IAMS) Current revenues 53.3 64.9 71.2 75.8 97.5 111.6 118.4 143.8 153.7 Transfers from: 43.3 52.0 55.4 59.0 77.4 88.3 94.2 116.3 119.7 Public sector (41.6) (49.8) (53.7) (57.4) (74.2) (85.8) (91.4) (113.6) (117.5) Private sector (1.7) (2.2) (1.7) (1.6) (3.2) (2.5) (2.8) (2.7) (2.2) Other 10.0 12.9 15.8 16.8 20.1 23.3 24.2 27.5 34.0 Current expenditures 56.9 63.9 70.4 78.3 90.4 100.6 107.1 129.6 146.0 Wages and salaries 36.1 41.3 47.4 50.2 57.1 63.9 68.3 87.4 106.0 Goods and services 20.0 22.4 23.4 26.3 30.3 34.0 35.7 37.9 33.8 Interest payments 0.1 - 0.1 0.1 0.5 - - 0.4 0.8 Transfers to: 0.7 0.2 0.6 1.7 2.4 2.7 3.2 3,9 5.3 Public sector (- ) ( - ) ( - ) ( - ) ( - ) (0.1) ( - ) ( - ) (0.3) Private sector (0.7) (0.2) (0.6) (1.7) (2.4) (2.6) (3.2) (3.9) (5.0) Current account surplus or deficit (-) -3.6 1.0 0.8 -2.5 7.1 11.0 11.3 14.2 7.7 Capital revenues 4.3 - 0.9 - 0.6 0.4 1.1 2.1 - Transfers from: 3.4 - 0.7 - 0.1 0.4 0.8 0.2 - Public sector (3.4) ( - ) (0.7) ( - ) (0.1) (0.4) (0.8) (0.2) ( - Privatesector (-) (-) (-) (-) (-) (-) (-) (-) (-) Sale of fixed assets 0.9 - 0.2 - 0.5 - 0.3 1.9 - Capital expenditure 7.6 6.5 1.9 3.2 5.3 5.8 4.4 15.7 14.9 Fixed investment 6.1 6.4 1.8 2.7 4.9 5.7 4.0 15.7 14.9 Other 1.5 0.1 0.1 0.5 0.4 0.1 0.4 - - Overall surplus or deficit (-) -6.9 -5.5 -0.2 -5.7 2.4 5.6 8.0 0.6 -7.2 Table 5.4 : COSTA RICA: SUMMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 6 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 1970 1971 1972 3. SOCIAL ASSISTANCE INSTITUTE (IMAS) Current revenues .. .. .. .. .. .. .. 4.3 13.6 Tax revenues .. .. .. .. .. .. 1.9 5.5 Transfers from: .. .. .. .. .. .. .. 2.3 8.0 Public sector .. .. .. .. .. .. .. (2.3) (7.9) Private sector .. ., .. .. .. .. . - ) (0.1) Other ... . . .. .0.1 0.1 Current expenditures .. .. .. .. .. .. .. 0.3 8.2 Wages and salaries .. .. .. .. .. .. .. 0.2 3.5 Goods and services .. .. .. .. .. .. .. 0.1 2.8 Interest payments .. .. .- Transfers to: .. .. .. .. .. .. .. - 1.9 Public sector .. .. .. . .. .. .. (-) (-) Private sector .. .. .. .. .. .. .. ( - ) (1.9) Current account surplus or deficit (-) .. . 4.0 5.4 Capital revenues .. .. .. .. .. .. .. - 0.2 Transfers from: .. .. .. .. .. .. .. - 0.1 Public sector .. .. .. .. .. (-) (-) Private sector .. . .. .. .. .. .. ( - ) (0.1) Sale of fixed assets .. .. .. .. .. .. .. - 0.1 Capital expenditures .. . .. .. .. .. .. 1.1 8.3 Fixed investirent .. . .. .. .. .. .. 1.0 7.1 Other ... . . .. .0.1 1.2 Overall surplus or deficit (-) 2.9 -2.7 4. UNIVERSITY OF COSTA RICA (UCR) Current revenues 17.8 18.4 21.2 27.2 31.0 36.8 37.8 46.4 67.3 Transfers from: 15.2 15.8 18.0 23.4 26.6 31.7 32.4 39.6 58.7 Public sector (15.2) (15.J) (18.0) (23.3) (26.5) (31.6) (32.3) (39.1) (58.6) Private sector ( - ) ( - ) ( - ) (0.1) (0.1) (0.1) (0.1) (0.5) (0.1) Other 2.6 2.6 3.2 3.8 4.4 5.1 5.4 6.8 8.6 Current expenditures 18.8 18.6 21.5 24.5 28.1 35.7 15.6 47.4 62.4 Wages and salaries 15.5 15.2 16.9 20.1 22.8 29.5 30.8 36.4 52.0 Goods and services 2.5 2.2 2.4 2.8 3.3 4.0 1.9 5.7 5.5 Interest payments 0.2 0.2 0.3 0.3 0.3 0.3 0.6 0.8 0.6 Transfers to: 0.6 1.1 1.9 1.2 1.8 1.9 2.3 4.5 4.3 Public sector ( - ) ( - ) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) ( - ) Private sector (0.6) (1.0) (1.8) (1.1) (1.7) (1.8) (2.2) (4.4) (4.3) Current account surplus or deficit (-) -1.0 -0.2 -0.3 2.7 2.9 1.1 2.2 -1.0 4.9 Capital revenues 0.6 - - 0.9 - - - - 6.6 Transfers from: 0.2 - - 0.5 - - - - 6.6 Public sector (0.2) ( - ) ( - ) (0.5) ( - ) ( - ) ( - ) ( - ) (5.9) Private sector (- ) (- ) (- ) (-) (- ) (-) (- ) (-) (0.7) Sale of fixed assets 0.4 - - 0.4 - - - - - Capital expenditures 2.1 3.3 3.1 5.0 2.9 12.6 1.1 4.7 3.6 Fixed investment 2.1 3.3 3.1 4.6 2.6 10.7 j.4 4.0 3.2 Other - - - 0.4 0.3 1.9 0.5 0.7 0.4 Overall surplus or deficit (-) -2.5 -3.5 -3.4 -1.4 - -11.5 1.1 -5.7 7.9 Table 5.4 : COSTA RICA: SUMMARY TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 7 of8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 1970 1971 1972 5. LOCAL SCHOOL BOARDS Current revenues 7.4 7 6 7.4 9.2 7.7 10.6 10.3 12.2 12.4 Transfers from: 5.6 6.0 5.6 7.2 5.4 8.1 8.0 9.1 9.0 Public sector (5.6) (6.0) (5.6) (7.2) (5.4) (8.0) (8.0) (8.8) (8.8) Private sector ( - ) ( - ) ( - ) ( - ) ( - ) (0.1) ( - ) (0.3) (0.2) Other 1.8 1.6 1.8 2.0 2.3 2.5 2.3 3.1 3.4 Current expenditures 3.4 3.4 4.7 6.3 5.6 6.4 6.6 8.2 8.2 Wages and salaries 1.4 1.2 2.6 2.6 1.3 1.6 2.6 1.9 1.3 Goods and services 1.8 2.0 2.1 3.5 4.0 4.6 3.6 6.0 6.6 Interest payments - - - 0.1 - 0.1 - - Transfers to: 0.2 0.2 - 0.1 0.2 0.2 0.3 0.3 0.3 Public sector (- (-) (- (-) ( -) ( -) (-) ( -) -) Private sector (0.2) (0.2) ( - ) (0.1) (0.2) (0.2) (0.3) (0.3) (0.3) Current account surplus or deficit (-) 4.0 4.2 2.7 2.9 2.1 4.2 3.7 4.0 4.2 Capital revenues 0.4 - 0.4 0.2 0.3 3.4 3.2 0.1 0.2 Transfers from: - - - - 0.2 3.1 3.2 - - Public sector ( - ) ( - ) ( - ) ( - ) (0.2) (3.1) (3.2) ( - ) ( - Private sector (- (- ( ) ( ) -) ( -) ( -) ( - ( ) Sale of fixed assets 0.4 - 0.4 0.2 0.1 0.3 - 0.1 0.2 Capital expenditures 5.1 5.7 4.2 2.2 2.6 3.3 4.8 6.6 4.5 Fixed investment 3.1 3.4 4.0 1.9 2.4 3.0 4.8 6.2 4.1 Other 2.0 2.3 0.2 0.3 0.2 0.3 - 0.4 0.4 Overall surplus or deficit (-) -0.7 -1.5 -1.1 0.9 -0.2 4.1 2.1 -2.5 -0.1 6. NATIONAL APPRENTICESHIP INSTITUTE (INA) Current revenues .. 1.4 5.7 6.3 7.5 7.8 7.8 11.4 13.6 Tax revenues .. 1.4 4.6 5.1 6.5 7.2 7.3 10.7 13.2 Transfers from: .. - 1.0 1.0 0.7 0.4 0.3 0.3 - Public sector .. ( - ) (1.0) (1.0) (0.7) (0.4) (0.3) (0.3) ( - Privatesector .. (-) (-) (-) (-) (-) (-) (-) (-) Other .. - 0.1 0.2 0.3 0.2 0.2 0.4 0.4 Current expenditures .. 0.3 2.5 3.7 4.5 5.8 7.4 9.5 11.8 Wages and salaries .. 0.1 1.2 2.5 3.0 4.1 5.1 6.8 8.6 Goods and services .. 0.2 1.0 1.0 1.1 1.3 1.7 2.2 2.8 Interest payments .. - - - 0.1 - - - - Transfers to: .. - 0.3 0.2 0.3 0.3 0.5 0.4 0.4 Publicsector .. (-) (-) (-) (-) (0.2) (-) (-) (-) Private sector .. ( - ) (0.3) (0.2) (0.3) (0.1) (0.5) (0.4) (0.4) Current account surplus or deficit (-) .. 1.1 3.2 2.6 3.0 2.0 0.4 1.9 1.8 Capital revenues Capital expenditures .. O. 2.2 0.7 4.2 3.1 1.5 3.6 2.5 Fixed investment .. 0.1 0.6 0.7 4.2 2.6 1.2 3.6 2.3 Other .. - 1.6 - - 0.5 0.3 - 0.2 Overall surplus or deficit (-) .. 1.0 1.0 1.9 -1.2 -1.1 -1.1 -1.7 -0.7 Table 5.4 COSTA RICA: SUMMARf TRANSACTIONS OF PUBLIC ENTITIES, 1964-72 Page 8 of 8 (In millions of current colones) 1964 1965 1966 1967 1968 1969 1970 1971 1972 7. COSTA RICAN TECHNOLOGICAL INSTITUTE (ITCR) Current revenues .. .. .. .. .. .. .. .. 2.5 Transfers from: .. .. .. .. .. .. .. 2.5 Public sector .. .. .. . .. .. .. .. (2.5) Private sector .. .. .. .* ** ** ** ** ( Other .. .. .. .. -- Current expenditure .. .. .. .. .. .. .. .. 1.6 Wages and salaries .. .. .. .. .. .. .. .. 0.7 Goods and services .. .. .. .. .. .. .. .. 0.9 Current account surplus or deficit (-) .. .. 0.9 Capital revenues .. .. .. .. .. .. .. .. 1.1 Transfers from: .. .. .. .. .. .. .. .. 1.1 Public sector .. .. .. .. .. .. .. .. (1.1) Private sector .. .. .. .. .. .. .. .. ( - Sale of fixed assets .. .. Capital expenditures .. .. .. .. .. .. .. .. 7.6 Fixed investment ... .. .. 4.7 Other .. .. .. .. .. .. .. .. 2.9 Overall surplus or deficit (-) .. -5.6 8. COFFEE INSTITUTE Current revenues 4.1 2.3 2.0 6.3 3.9 5.3 6.1 8.0 10.6 Transfers from: 3.4 1.8 1.7 4.6 3.1 5.0 5.9 6.9 10.1 Public sector (3.4) (1.8) (1.7) (4.6) (3.1) (5.0) (5.9) (6.9) (10.1) Privatesector (-) (-) (-) (-) (-) (-) (-) (-) (-) Other 0.7 0 5 0.3 1.7 0.8 0.3 0.2 1.1 0.5 Current expenditures 4.3 3.1 2.6 4.2 4.8 7.8 7.3 6.6 8.5 Wages and salaries 1.1 1.0 1.4 1.5 1.6 1.7 1.9 2.1 2.6 Goods and salaries 1.7 1.0 0.8 2.0 1.0 5.8 1.2 4.1 1.5 Interest payments - - - - - - - 0.2 0.2 Transfers to: 1.5 1.1 0.4 0.7 2.2 0.3 4.2 0.2 4.2 Public sector ( - ) ( ) ( - ) ( - ) (0.3) (0.2) (0.2) (0.1) (0.1) Private sector (1.5) (1.1) (0.4) (0.7) (1.9) (0.1) (4.0) (0.1) (4.1) Current account surplus or deficit (-) -0.2 -0.8 -0.6 2.1 -0.9 -2.5 -0.8 1.4 2.1 Capital revenues - - - - - 0.1 0.1 - - Sale of fixed assets - - - - - 0.1 0.1 - - Capital expenditures 0.9 0.8 0.2 - 0.1 0.1 0.2 0.3 0.1 Fixed investment 0.4 0.2 0.2 - 0.1 0.1 0.2 0.3 0.1 Other 0.5 0.6 - - - - - - - Overall surplus or deficit (-) -1.1 -1.6 -0.8 2.1 -1.0 -2.5 -0.9 1.1 2.0 1/ Detailed enterprise figures not available for 1970. 2/ Classified with Autonomous Agencies until 1969. 3/ Administered by Local Government until 1971. i Including Central Government contribution as employer. 5/ Including Central Government contribution as government. Source: Planning Office. 5 : COSTA RICA: SUMMARY OF PRINCIPAL PUBLIC SECTOR INTRA-SECTORAL TRANSFERS," 1960-72 Page 1 of 2 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 I. TRANSFERS FROM CENTRAL GOVERNMENT TOTAL TRANSFERS 93.2 82.8 92.7 116.3 115.6 123.0 136.0 160.4 175.7 212.1 238.1 279.0 360.1 Current transfers to: 69.8 73.2 78.6 81.2 93.2 109.8 117.9 143.6 158.6 182.8 209.8 249.3 303.0 Local governments 19.9 20.0 19.9 17.2 23.7 27.8 29.6 33.2 32.4 33.2 37.0 51.9 49.7 Real property tax ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (30.5) (40.0) (37.2) Other earmarked taxes (5.6) (3.8) (5.0) (5.3) (4.2) (5.2) (2.5) (3.2) (3.2) (3.1) (3.2) (4.7) (5.0) Budget subsidies (14.3) (16.2) (14.9) (11.9) (19.5) (22.6) (27.1) (30.0) (29.2) (30.1) (3.3) (7.2) (7.5) Autonomous agencieq 49.9 53.2 56.2 62.7 68.8 80.4 87.8 108.5 124.3 146.4 167.7 193.2 250.0 Social Security- (10.2) (12.6) (15.1) (18.1) (20.4) (23.9) (29.4) (32.1) (37.1) (42.1) (48.8) (63.1) (88.5) Medical Assistance Institutes(TAMS) (17.9) (10.2) (14.9) (15.2) (17.8) (24.2) (24.0) (28.2) (41.8) (48.0) (53.0) (59.8) (68.0) Sales tax on beer, liquor and cigarettes .. .. .. .. .. .. .. 3.7 18.0 19.7 22.0 27.7 28.9 Other earmarked taxes 2.5 1.7 2.1 5.8 4.4 6.8 4.4 5.8 4.4 6.7 8.6 9.6 30.0 Budget subisiqd es 15.4 3.5 12.8 9.4 15.4 17.4 19.6 18.7 19.4 21.6 22.4 22.5 29.1 University of Costa Rica n.a n.a a. n.a.3/ (14.8) (15.3) (17.5) (22.7) (25.9) (30.9) (35.9) (38.4) (57.5) Earmarked taxes n.a. n.a.- n.a n.a.- 2.3 2.1 2.0 4.5 3.0 3.5 3.3 2.8 3.8 Budget subsidies n.e.3/ n.e.- n.e.3 n.e. 12.5 13.2 15.5 18.2 22.9 27.4 32.6 35.6 53.7 Other autonomous agencies (21.8) (30.4) (26.2) (29.4) (15.8) (17.0) (16.9) (25.5) (19.5) (25.4) (30.0) (31.9) (36.0) Earmarked revenues n.a. n.a. n.a. n.a. 7.2 7.6 4.9 8.2 7.5 9.5 10.4 14.4 16.6 Budget subsidies n.a. n.a. n.3. n.a. 8.6 9.4 12.0 17.3 12.0 15.9 19.6 17.5 19.4 State enterprises - - 2.5 1.3 0.7 1.6 0.5 1.9 1.9 3.2 5.1 4.2 3.3 ICE (n.a.) (n.a.) (n.a.) (n. a.) - ) (0.2) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( ) SNAA (n.a.) (n.a.) (n.a.) (n.a.) (0.7) (1.4) (02f) (1.9) (1.9) (2 8) (3 6) (4.2) (3.3) JAPDEVA (n.a.) (n.a.) (n.a.) (n.a.) ( - ) ( - ) ( - ) ( - ) ( - ) (0.4) (1.5) () ( ) Capital transfers to: 23.4 9.6 14.1 35.1 22.4 13.2 18.1 16.8 17.1 29.3 28.3 29,7 57.1 Local governments 1.3 1.6 1.5 0.7 3.3 7.0 2.4 8.9 3.4 15.3 9.3 20.0 24.9 Autonomous agencies 2.6 4.0 2.8 26.3 3.5 - 0.8 0.5 9.6 5.4 8.0 0.6 6.2 State enterprises 19.5 4.0 9.8 8.1 15.6 6.2 14.9 7.4 4.1 8.6 11.0 9.1 26.0 ICE (n.a.) (n.a.) (n.a.) (n.a.) (11.1) (0.9) (4.3) (1.0) ( - ) ( - ) ( - ) ( - ) ( - SNAA (n.a.) (n.a.) (n.a.) (n.a.) (4.5) (5.2) (10.6) (6.4) (4.1) (6.8) (5.0) (5.6) (21.7) CNP (n.a.) (n.a.) (n.a.) (n.a.) ( - ) ( - ) ( - ) ( - ) ( - ) (1.6) ( - ) (2.6) (1.6) INCOP (n.a.) (n.a.) (n.a.) (n.a.) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (3.0) (0.3) ( - Other (n.a.) (n.a.) (n.a.) (n.a.) ( - ) (0.1) ( - ) ( - ) ( - ) (0.2) (3.0) (0.6) (2,7) 1/ Table 5.5 : COSTA RICA: SUMMARY OF PRINCIPAL PUBLIC SECTOR INTRA-SECTORAL TRANSFERS, 1960-72 Page 2 of 2 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 II. TRANSFEIB FROM STATE ENTERPRISES TOTAL TRANSFERS 21.0 20.8 20.3 20.8 25.7 27.3 32.9 32.4 36.3 42.4 46.0 53.0 58.9 Current transfers 20.8 20.8 20.3 20.8 25.5 27.3 32.9 32.4 36.3 41.2 44.7 53.0 58.9 Lottery profit transfers to: 20.6 20.7 20.3 20.7 25.4 27.3 31.7 30.9 34.5 40.4 42.5 51.6 56.8 Central Government ( - ) ( - ) ( - ) ( - ) (1,3) (1.4) (1.5) (1.6) (1.8) (2.1) (2.2) (2.5) (2.9) Autonomous agencies (20.6) (20.7) (20.3) (20.7) (2/.1) (25.9) (30.2) (29.3) (32.7) (38.3) (40.3) (49.1) (53.9) Medical Assistance Institutes (IAMS) n.a. n.a. n.a. n.a. n.a. n.a. 29.7 28.7 32.1 37.7 39.6 48.4 52.9 National Lottery (n.a.) (na.) (n.a ) (n.a.) (n.a.) (--..a.) (27.9) (28.2) (31.6) (36.8) (36.6) (46.1) (n1.) Football Lottery (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (1.8) (0.5) (0.5) (0.9) (1.0) (2.3) (1.8) University of Costa Rica n.a. n.a. n.a. n.a. n.a. n.a. 0.5 0.6 0.6 0.6 0.7 0.7 1.0 Other current transfers to: 0.2 0.1 - 0.1 0.1 - 1.2 1.5 1.8 0.8 2.2 1.4 2.1 Central Government ( - ) ( - ) ( - ) (0.1) (0.1) ( ) (1.2) (1.5) (1.8) (0.7) (0.6) (0.3) (0.5) Local governments (-) (0.1) (-) (-) (-) (-) (-) (-) (-) (-) (0.9) (0.9) (0.9) Autonomous agencies (0.2) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (0.1) (0.7) (0.2) (0.7) Capital transfers to: 0.2 - - - 0.2 (-) - - - 1.2 1.3 - - Central Government (0.2) ( - ) (-) (-) - ) ( - ) ( - ) ( - ) (1.2) (0.4) () ( ) Local governments (-) (-) (-) (-) (0.2) (-) (-) (-) (-) (-) (0.9) (-) (-) 1/ Excluding public financial intermediaries. 2/ Central Government's contribution to Social Security Fund, as government only. The Central Government's contribution as employer is classified with wage expenditure. 3/ Included with other autonomous agencies. Source: Planning Office and IBRD mission estimates. Table 5.6: COSTA RICA: SUMMARY OF PRINCIPAL PUBLIC SECTOR INTRA-SECTORAL TRANSFERS, 1972-78 (In millions of current colones) Prel. Projections 1972 1973 1974 1975 1976 1977 1978 I. TRANSFERS FROM CENTRAL GOVERNMENT TOTAL TRANSFERS 360.1 59.3 498.1 512.5 518.8 559.3 601.6 Current transfers to: 303.0 31i8.0 394.4 428.5 464.6 503.7 543.6 Local governments 49.7 58.3 62.5 67.0 71.9 77.3 82.8 Real property tax (37.2) (45.3) (48.9) (52.7) (56.9) (61.5) (66.3) Other (12.5) (13.0) (13.6) (14.3) (15.0) (15.8) (16.5) Autonomous agencies 250.0 289.7 331.9 361.5 392.7 426.4 460.8 Social security (88.5) (100.1) (124.2) (136.6) (150.3) (165.3) (181.8) Medical Assistance Institutes (68.0) (74.0) (80.3) (86.9) (93.4) (100.3) (107.4) Sales tax on beer, liquor end cigarettes 28.9 31.2 33.7 36.4 39.3 42.4 45.8 Other earmarked taxes 10.0 10.4 11.2 12.1 12.8 13.6 14.4 Budget subsidies 29.1 32.4 35.4 38.4 41.3 44.3 47.2 University of Costa Rica (57.5) (75.5) (79.7) (88.0) (97.7) (107.8) (118.0) Other autonomous agencies (36.0) (40.1) (47.7) (50.0) (51.3) (53.0) (53.6) State enterprises 3.3 - - - - - Capital transfers to: 57.1 111.3 103.7 84.0 54.2 55.6 58.0 Local governments 24.9 38.9 25.0 26.2 27.5 28.9 30.3 Autonomous agencies 6.2 18.4 2.7 0.8 0.7 0.7 0.7 State enterprises 26.0 54.0 76.0 57.0 26.0 26.0 27.0 II. TRANSFERS FROM STATE ENTERPRISES TOTAL TRANSFERS 59 65 70 76 84 90 98 Current transfers 59 65 70 76 84 90 98 Lottery profit transfers to: 57 63 70 75 81 87 94 Central Government (3) (3) (4) (4) (4) (4) (5) Autonomous agencies (54) (60) (66) (71) (77) (83) (89) Other current transfers to: 2 2 - 1 3 3 4 Central Government ( -) ( -) ( -) ( -) (1) (1) (1) Local governments (1) (1) ( -) ( -) (1) (1) (2) Autonomous agencies (1) (1) ( -) (1) (1) (1) (1) Capital transfers - 1 - - - - - Source: Planning Office and IBRD mission estimates.  Table 5.7 COSTA RICA: CENTRAL GOVERNMENT FINANCES, 1960-72 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Current revenues 359.9 340.3 404.8 406.7 452.7 489.8 531.8 573.3 673.3 766.4 948.2 1,019.2 1,160.1 Current expenditures 330.9 360.7 391.7 456.5 479.1 538.1 603.9 657.1 704.4 789.6 921.9 1,108.7 1,195.8 Current account surplus or deficit (-) 29.0 -20.4 13.1 -49.8 -26.4 -48.3 -72.1 -83.8 -31.1 -23.2 26.3 -89.5 -35.7 Capital revenues 1.9 1.8 1.7 5.3 3.0 5.1 4.4 5.9 5.2 27.0 9.4 - - Capital expenditures 111.5 83.3 79.7 95.8 88.9 103.1 97.7 114.9 128.9 160.0 170.7 250.8 370.7 Overall surplus or deficit (-) -80.6 -101.9 -64.9 -140.3 -112.3 -146.3 -165.4 -192.8 -154.8 -156.2 -135.0 -340.3 -406.4 Finaicing External financing, net 31.3 68.8 43.0 44.9 95.9 94.7 32.5 46.7 2.0 22.9 70.3 122.8 185.3 Grants 22.5 34.1 17.6 23.9 41.1 35.9 22.3 26.9 31.7 34.3 29.3 21.0 31.1 Loans, net 8.8 34.7 25.4 21.0 54.8 58.8 10.2 19.8 -29.7 -11.4 41.0 101.8 154.2 Repayable in foreign currency n.a. n.a. n.a. n.a. n.a. 56.2 3.1 11.2 -35.9 -18.9 33.8 89.1 138.2 Drawings (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (83.2) (43.3) (45.9) (28.6) (34.2) (114.4) (158.3) (221.7) Amortization (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (27.0) (40.2) (34.7) (64.5) (53.1) (80-6) (6Q.2) (81.5) Repayable in local currency n.a. n.a. n.a. n.a. n.a. 2.6 7.1 8.6 6.2 7.5 7.2 12.7 16.0 Drawings (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (3.0) (7.5) (8.8) (6.8) (8.4) (8.6) (14.2) (18.5) Amortization (n.a.) (n.a.) (n.a.) (n.a.) (n.a.) (0.4) (0.4) (0.2) (0.6) (0.9) (1.4) (1.5) (2.5) Internal financing, net 49.3 33.1 21.9 95.4 16.4 51.6 132.9 146.1 152.8 133.3 64.7 217.5 221.1 Banking system, net -4.9 7.4 -14.2 22.3 28.8 24.0 53.9 51.2 21.0 -15.6 -42.4 48.7 102.9 Central ank, net -0.8 15.4 1.0 17.8 44.0 5.3 58.7 78.3 26.3 -12.4 -61.8 34.9 61.8 Credit (-0.3) (10.3) (8.0) (20.2) (37.6) (11.1) (61.4) (68.5) (37.9) (-3.2) (25.7) (-10.6) (83.9) Deposits (increase -) (-0.5) (5.1) (-7.0) (-2.4) (6.4) (-5.8) (-2.7) (9.8) (-11.6) (-9.2) (-87.5) (45.5) (-22.1) Other banks, net -4.1 -8.4 -15.2 4.5 -15.2 18.7 -4.8 -27.1 -5.3 -3.2 19.4 13.8 41.1 Credit (-4.0) (-8.4) (-15.2) (4.4) (-15.2) (18.6) (-4.7) (-27.1) (-4.9) (-3.2) (19.5) (14.7) (42.8) Deposits (increase - ) (-0.1) ( - ) ( - ) (0.1) ( - ) (0.1) (-0.1) ( - ) (-0.4) ( - ) (-0.1) (-0.9) (-1.7) Bonds placed outside banks, net 40.9 28.5 29.3 74.8 18.6 21.3 50.2 57.7 50.3 82.6 62.5 34.6 100.7. Domestic holders (40.9) (28.5) (29.3) (46.3) (2.6) (5.9) (49.6) (63.7) (70.0) (105.2) (61.6) (28.9) (41.9) Foreign holders ( - ) ( - ) ( - ) (28.5) (16.0) (15.4) (0.6) (-6.0) (-19.7) (-22.6) (0.9) (5.7) (58.8) Short-term debt with Social Security System 2.9 7.0 11.0 14.4 17.7 23.4 32.4 38.0 46.2 54.5 67.6 60.5 100.6 Accounts pending and check float 6.4 45.3 4.9 -29.9 6.0 21.4 19.4 39.7 42.3 -32.6 -51.9 89.4 -13.3 Other 4.0 -55.1 -9.1 13.8 -54.7 -38.5 -23.0 -40.5 -7.0 44.4 28.9 -15.7 -69. 8 1/ Does not include the speciale288.7 million bond issue to the Social Security Fund, which merely consolidated the accumulated Central Government short-term debt with that agency. Source: Central Bank; Planning Office; Ministry of Finance; IBRD; and mission estimates. The external financing datafor 1960-64 came from the Planning Office; thereafter, from IBRD external debt statistics. Table 5.8 : COSTA RICA: CENTRAL GOVERNMENT REVENUES, 1960-72 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL REVENUE 361.8 342.1 406-5 412.0 455.7 494.9 536.2 579.2 678.5 793.4 957.6 109. 1,160.1 Current revenues 359.9 340.3 404.8 406.7 452.7 489.8 531.8 573.3 673.3 766.4 94LZ 1- 1 Tax revenues 38.7 322.7 38 3. 0 38 8 .2 429.9 4-64.5 503.4 526.2 621.7 705.1 880. 5 92.1 116. Taxes on income and profits 37.1 38.7 69.8 49.9 79.1 79.2 89.0 103.2 136.0 152.6 173.1 184.9 222.0 Income tax (37.1) (38.7) (68.4) (47.9) (77.9) (77.0) (83.7) (96.3) (123.4) (132.8) (153.9) (182.8) (213.0) Tax on banana companies ( **) ( **) (1.4) (2.0) (1.2) (1.9) (4.9) (6.5) (11.6) (18.8) (17.6) (1.0) (8.1) Other ( - ) ( - ) ( - ) ( - ) ( - ) (0.3) (0.4) (0.4) (1.0) (1.0) (1.6) (1.1) (0.9) Taxes on property 18.4 27.8 21.7 24.1 30.4 32.0 30.1 41.6 38.5 40.2 43.7 56.0 51.6 Real property tax (14.3) (14.2) (17.6) (19.6) (26.2) (25.3) (24.0) (32.9) (32.1) (31.6) (35.2) (47.0) (42.6) Inheritance and gift taxes (4.1) (13.6) (3.1) (3.3) (2.8) (5.0) (4.7) (7.0) (4.5) (6.4) (5.7) (6.0) (6.0) Property transfer tax ( .,) ( ,,) (1.0) (1.2) (1.3) (1.7) (1.4) (1.7) (1.9) (2.2) (2.8) (3.0) (3.0) Taxes on domestic production, consumption and transactions 52.2 51.3 58.6 69.5 77.9 96.2 109.2 153.4 249.4 289.4 338.4 369.3 487.1 Sales tax (..) (..) (..) (..) (., (.,, ( ) (26.8) (92.9) (112.6) (127.8) (143.3) (160.4) General .. .. . . .. * ** 23.1 74.9 90.6 105.8 115.6 131.5 Beer, liquor and cigarettes .. .. .* . ** .- ** 3.7 18.0 19.7 22.0 27.7 28.9 Consumption tax ( .. ) ( .. ) ( .. ) ( .. ) (3.7) (18.0) (25.0) (29.4) (24.8) (31.4) (43.8) (39.4) (121.9) Excise taxes (52.2) (51.3) (58.6) (69.5) (74.2) (78.2) (84.2) (97.2) (131.7) (145.4) (166.8) (186.6) (204.8) Cigarettes 13.2 13.6 15.6 23.1 23.3 24.0 26.1 25.4 25.8 27.3 31.2 35.5 38.5 Beer and liquor 35.8 34.3 38.3 39.5 43.1 44.6 48.2 47.9 51.3 55.8 67.8 73.1 80.1 Gasoline .. .. .. .. .. ** . 13.5 38.2 43.5 47.9 56.9 62.5 Soft drinks 1.6 1.6 2.2 2.8 3.7 4.1 4.4 4.6 5.6 7.1 7.7 8.5 10.5 Cement ..4 ** .. ** .* ** ** '.9 5.7 6.5 i.4 7.4 Matches 1.6 1.6 1.7 1.8 1.8 1.8 2.1 2.2 2.2 2.4 2.6 2.7 3.3 Sugar .- 0.2 0.8 2.3 2.3 3.7 3.4 3.6 3.7 3.6 3.1 2.5 2.5 Taxes on international trade and transactions 220.6 198.9 220.7 229.6 228.9 243.6 259.7 209.6 181.3 201.0 309.7 305.9 268.6 Taxes on imports (190.5) (173.6) (193.7) (208.1) (200.9) (216.2) (216.2) (179.6) (161,1) (180.1) (244.0) (259.7) (214.4) Import duties 189.6 172.5 186.1 201.1 196.7 210.9 210.4 174.4 155.2 174.1 216.2 192.0 159.4 Protocole of S. Jos .. ** ** .- ** ** .. ** ** 21.8 62.7 50.4 Other taxes and fees 0.9 1.1 7.6 7.0 4.2 5.3 5.8 5.2 5.9 6.0 6.0 5.0 4.6 Taxes on exports (30.1) (25.3) (27.0) (21.5) (28.0) (27.4) (43.5) (30.0) (20.2) (20.9) (65.7) (46.2) (54.2) Coffee 13.2 11.6 18.5 17.4 23.4 23.4 37.5 24.7 12.1 11.7 56.8 33.8 31.7 (main levy) (12.2) (11.4) (16.3) (13.4) (20.4) (20.1) (34.2) (20.4) (7.8) (7.3) (52.3) (29.3) (27.2) Sugar .. .. 1.4 2.8 2.6 2.3 4.0 3.4 5.0 4.2 4.5 7.5 6.2 Bananas - - - - - 0.1 0.1 1.6 2.4 3.1 3.8) 49) 5.7 Other 3.1 3.1 1.5 1.4 1.6 1.6 1.9 0.4 0.6 1.9 0.6) Exchange profits and surcharges 13.7 10.5 5.6 - - - - - - - - - 10.6 Other taxes 10.4 6.0 12.2 15.1 13.6 13.5 15.4 18.4 16.5 21.9 15.6 26.0 39.0 Stamp taxes (4.4) (3.6) (6.0) (6.1) (6.8) (7.4) (7.7) (7.8) (8.3) (10.7) (10.8) (17.6) (19.4) Motor vehicle taxes ( ..) ( **) (2.4) (2.8) (3.0) (2.8) (3.4) (4.4) (3.3) (5.9) (4.8) (5.8) (10.8) Other (6.0) (2.4) (3.8) (6.2) (3.8) (3.3) (4.3) (6.2) (4.9) (5.3) ( - ) (2.6) (8.8) Nontax revenues!/ 20.8 17.6 21.8 18.5 22.8 25.3 28.4 47.1 51.6 61.3 67.7 77.1 91.8 Proprietary receipts and service charges 13.3 13.1 13.3 15.1 16.9 19.3 21.1 27.0 25.1 35.3 38.2 38.5 43.5 Pension fund contribi tions 0.8 0.0 1.0 0.0 0.8 1.0 1.1 9.7 12.3 14.0 16.9 17.9 20-4 Other 8.3 3.6 7.5 2.5 5.1 5.0 6.2 10.4 14.2 11.8 12.6 20.7 27.9 Capital revenues' 1.9 1.8 1.7 5.3 3.0 5.1 4.4 5.9 5.2 27.0 9.4 - - Transfers 1.9 1.6 1.7 5.3 3.0 5.1 4.4 5.9 5.2 23.8 9.4 - - Sale of fixed assets - 0.2 - - - - - - - 3.2 - - - 1/ Excludes foreign grants. Source: Ministry of Finance; Planning Office; Central Bank; and IBRD mission estimates. Table 5.9 COSTA RICA: CEITRAL GOVERNMENT REVENUES, 1972-78 (In millions of current colones) Pr(l. Projections 1972 1973 1974 1975 1976 1977 1978 TOTAL REVENUE 1,160 1,332 1,467 1,602 1,750 1,928 2,127 Current revenues 1,160 1,332 1,467 l6 1,750 1,928 2,127 Tax revenue 1,C68 1,231 1,355 1,480 I6 1,780 1,965 Taxes on income and profits 222 260 293 329 372 418 471 Income tax (213) (249) (282) (318) (360) (406) (459) Tax on banana companies (8) (10) (10) (10) (11) (11) (11) Other (1) (1) (1) (1) (1) (1) (1) Taxes on property 52 58 64 68 73 79 85 Real property tax (43) (49) (53) (57) (62) (67) (72) Inheritance and gift taxes (6) (6) (7) (7) (7) (8) (8) Property transfer tax (3) (3) (4) (4) (4) (4) (5) Taxes on domestic production, consumption, and transactions 487 561 624 691 764 847 942 Sales tax (160) (171) (191) (212) (236) (262) (292) General 131 140 157 176 197 220 246 Beer, liquor, and cigarettes 29 31 34 36 39 42 46 Consumption tax (122) (158) (179) (202) (228) (258) (291) Excise taxes (205) (232) (254) (277) (300) (327) (359) Cigarettes 39 40 41 42 43 44 46 Beer and liquor 80 92 99 107 115 123 133 Gasoline 63 70 78 88 98 110 123 Soft drinks 10 16 18 21 24 28 32 Cement 7 8 11 12 13 15 17 Matches 3 3 4 4 4 4 4 Sugar 3 3 3 3 3 3 4 Taxes on international trade and trans- actions 268 314 333 347 358 383 408 Taxes on imports (214) (240) (252) (265) (275) (297) (321) Taxes on exports (54) (74) (81) (82) (83) (86) (87) Coffee 32 59 66 66 67 67 67 Sugar 6 9 9 10 10 11 12 Bananas 5 5 5 5 5 6 6 Other 11 1 1 1 1 2 2 Other taxes 39 38 41 45 49 53 59 Stamp taxes (19) (21) (22) (24) (26) (28) (31) Motor vehicle taxes (11) (7) (8) (9) (10) (11) (12) Other (9) (10) (11) (12) (13) (14) (16) Nontax revenue 92 101 112 122 134 148 162 Capital revenues - Assumptions for 1973-78 projections GDP: annual growth of 10.0 per cent. Income tax: elasticity of 1.3 with respect to GDP, applied to 1972 base adjusted for estimated full-year impact of tax reform (+7.5 million). Tax on banana companies: See Appendix Table 5.37 General sales tax: elasticity of 1.2 applied to 1972 base adjusted for full-year impact of tax reform (-6.5 million). Beer, liquor, and cigarette sales tax: elasticity of 0.8. Consumption tax: elasticity of 1.3 applied to 1972 base adjusted for estimated full-year impact of tax reform (+22 million). Excise tax elasticities: Cigarettes 0.3 Beer and liquor 0.75 Gasoline 1.2 Soft drinks 1.5 Cement 1.3 Matches 0.45 Sugar 0.6 In addition, the liquor tax projection takes into account the 06.4 million increase in revenue expected from the 1973 rate increase; the soft drink excise projection the 04 million revenue from the 1973 surcharge; and the cement tax projection the 41.2 million expected from the surcharge scheduled beginning in 1974. Import duties: the projection assumes the extension of the Protocol of San Jos6, and a constant effective rate of import taxes and fees on total merchandise imports projected in Table 3.11. Export taxes: see Appendix Table 5.39. The coffoe tax revenue includes Z 5 million annually for the miscellaneous small taxes levied on coffee production, in addition to the main export tax. Other taxes: Stamp tax elasticity: 0.8 Motor vehicles: 1.05 Other: 1.0 Nontax revenues: elasticity of 1.0. Table 5.10 COSTA RICA: CENTRAL GOVERNMENT EXTRABUDGETARY EXPENDITURES,1965-72 (In millions of current colones) Prel. 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL EXTRABUDGETARY EXPENDITURES 100.3 89.2 89.3 123.6 144.3 201.5 242.8 313.1 Current expenditures 77.7 86.5 84.3 107.1 131.2 161.3 191.1 235.5 Government contribution to Social Security as employer 9.8 11.6 12.4 15.0 16.5 19.8 24.5 32.8 as government 23.9 29.4 32.1 37.1 42.1 48.8 63.1 88.5 Earmarked revenue transfers to: 21.7 13.8 25.4 36.1 42.5 78.01, 98.8 01.5 Local governments (5.2) (2.5) (3.2) (3M2) (3.1) (33.7' (44.7 (42.2) Medical Assistance InstituteS (IAMS) (6.8) (4.4) (9.5) (22.4) (26.4) (30.6) (37.3) (35.3) University of Costa Rica (2.1) (2.0) (4.5) (3.0) (3.5) (3.3) (2.8) (3.8) Other autonomous agencies (7.6) (4.9) (8.2) (7.5) (9.5) (10.4) (14.0) (20.2) Other 22.3 31.7 14.4 18.9 30.1 14.7 4.7 12.7 Capital expenditures 22.6 2.7 5.0 16.5 39.2 40.2 51.7 77.6 Pan American Highway n.a. n.a. 5.0 16.5 34.5 29.3 21.0 31.5 Road construction equipment n.a. n.a. - - - - 27.5 41.2 Other n.a. n.a. - - 4.7 10.9 3.2 4.9 1/ Includes transfer of real property tax revenue, which was initiated in 1970, permitting a comnensurate reduction in budgetary subsidies to local governments on current account. Source: Planning Office and IBRD mission estimates. 1/ Table 5. 11 : COSTA RICA: CENTRAL GOVERNMENT TOTAL EXPENDITURES BY FUNCTION, 1965-72 (In millions of current colones) Prel. 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL EXPENDITURES 641.2 701.6 771.9 833.3 949.7 1,092.6 1,359.5 1,566.5 General services 162.0 172.4 196.2 209.9 237.8 256.7 290.7 310.4 General administration (54.0) (60.4) (60.4) (69.4) (71.6) (71.8) (78.8) (85.0) Justice (18.3) (23.6) (29.1) (33.2) (36.1) (38.9) (45.5) (45.6) Defense and internal security (20.3) (23.2) (30.0) (24.8) (28.7) (30.1) (39.3) (42.0) Economic and financial regulation (24.8) (21.1) (21.3) (20.6) (22.9) (25.9) (26.2) (25.6) Interest on public debt (44.6) (44.1) (55.4) (61.9) (78.5) (90.0) (100.9) (112.2) Social and community services 297.8 334.8 386.7 425.7 475.2 562.2 728.0 809.6 Education (160.6) (185.8) (216.3) (232.4) (264.8) (306.4) (370.4) (437.7) Health 2/ (49.9) (51.6) (64.4) (77.0) (82.4) (87.6) (141.6) (101.3) Social security and welfare- (54.9) (64.8) (77.8) (86.3) (93.6) (103.3) (121.2) (173.54/ Housin and urban development (4.2) (4.8) (6.4) (11.8) (11.5) (6.5) (12.6) t.A Othe r (28.2) (27.8) (21.8) (18.2) (22.9) (58.4) (82.2) (97.1) Economic services 97.7 118.4 127.0 140.1 162.7 190.9 278.7 370.9 Agriculture (10.1) (13.5) (14.3) (23.7) (26.0) (25.6) (42.2) (42.8) Industry and commerce (2.2) (2.2) (1.7) (2.3) (1.9) (3.2) (5.3) (2.8) Power (1.2) (4.7) (1.9) (0.8) (1.0) (3.2) (1.8) (1.4) Transportation (71.5) (83.0) (94.4) (98.2) (118.9) (137.9) (206.1) (301.0) Communications (12.0) (13.1) (12.6) (13.6) (14.2) (18.6) (20.4) (20.3) Other (0.7) (1.9) (2.1) (1.5) (0.7) (2.4) (2.9) (2.6) Unclassified5/ 83.76/ 76.06/ 62.0 57.6 74.0 82.8 62.1 75.6 1/ Excluding debt amortization. 2/ Includes Central Government contribution, as government, to the Social Security Fund. 3/ Included in Other. 4/ Includes earmarked revenue transfers to local governments. 5/ Includes Central Government contribution to Social Security in the quality of employer. This is considered a wage expenditure, which should be prorated among the different governmental functions according to the wage bill. 6/ Includes all the extrabudgetary capital expenditure, for lack of information on its composition in 1965 and 1966. Source: Planning Office; Comptroller General's Office; and IBRD mission estimates. Table 5.12 : COSTA RICA: PUBLIC SECTOR DOMESTIC BONDED DEBT, 1960-72 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL OUTSTANDING AT YEAR END n.a. n.a. n.a. n.a. 411.4 474.3 542.6 588.9 649.0 803.5 885.9 943.4 1,381.0 By debtor Central Government2 246.0 278.3 281.3 360.5 398.4 436.5 486.8 524.6 578.5 719.5 795.4 836.1 1,252.5 Rest of public sector- n.a. n.a. n.a. n.a. 13.0 37.8 55.8 64.3 70.5 84.0 90.5 107.3 128.5 ICE n.a. n.a. n.a. n.a. (9.0) (34.5) (53.4) (62.7) (69.0) (82.5) (89.4) (106.3) (127.5) Local governments n.a. n.a. n.a. n.a. (4.0) (3.3) (2.4) (1.6) (1.5) (1.5) (1.1) (1.0) (1.0) By holder Central Government bonds2/ 246.0 278.3 281.3 360.5 398.4 436.5 486.8 524.6 578.5 719.5 795.4 836.1 1,252.5 Bnki-g cyst2m 79.' 03.2 53.9 61.3 80.6 97.4 97.5 77.6 81.2 139.6 153.0 159.1 179.1 Central Bank (10.8)) (10.6) (10.5) (14.8) (51.4) (49.2) (55.8) (60.9) (69.5) (130.8) (136.0) (129,1) (118.9) Other banks (68.6) (72.6) (46.4) (46.5) (29.2) (48.2) (41.7) (16.7) (11.7) (8.8) (17.0) (30.0) (60.2) Nonbank financial intermediaries 4.9 5.1 5.3 35.7 27.0 37.9 37.0 53.3 47.7 52.6 69.4 55.4 77.5 Public sector 49.5 48.5 65.1 79.7 90.2 89.9 99.3 116.2 136.4 134.1 120.7 126.9 436.6 Social Security System (27.6) (27.5) (38.6) (57.0) (63.5) (65.1) (75.1) (89.4) (105.7) (105.9) (102.8) (95.3) (398.6) Other (21.9) (21.0) (26.5) (22.7) (26.7) (24.8) (24.2) (26.8) (30.7) (28.2) (17.9) (31.6) (38.0) Private sector 112.2 141.5 154.0 155.3 156.1 151.4 192.5 223.0 278.4 380.9 439.2 475.9 481.7 Foreign banks - - - 28.5 44.5 59.9 60.5 54.5 34.8 12.2 13.1 18.8 77.6 Bonds issued by rest of public sector- n.a. n.a. n.a. n.a. 13.0 37.8 55.8 64.3 70.5 84.0 90.5 107.3 128.5 Public sector n.a. n.a. n.a. n.a. n.a. n.a. n.a. 7.1 7.0 6.4 5.5 5.9 2.3 Private sector- n.a. n.a. n.a. n.a. n.a. n.a. n.a. 55.3 61.8 76.2 83.8 100.5 124.5 Foreign banks n.a. n.a. n.a. n.a. n.a. n.a. n.a. 1.9 1.7 1.4 1.2 0.9 0.7 1/ Excluding bonds issued by public financial intermediaries. 2/ Excluding bonds held by Treasury. 3/ Includes special bond issue authorized in 1970 to consolidate Central Government short-term debt to the Social Security Fund, in the amount of ( 288.7 million. 4/ Includes small amounts held by banks and other financial intermediaries. Source: Central Bank and IBRD mission estimates. Table 5.13 : COSTA RICA: PUBLIC SECTOR BOND ISSUES1 Amount Year of Year of Interest Amount outstanding Bond issues issue maturity rate authorized Dec. 31 1972 (per cent) (millions of colones) TOTAL BONDED DEBT 6.52/ 2,022_5 1,381.0 Central Government 6.3-/ 1,860.4 1 252.53/ Internal debt 1957 1977 7 30.0 11.7 Internal debt refinancing 1959 1979 7 105.9 54.3 Banking system 1959 1979 7 64.2 32.8 Expropriation notes 1959 1978 6 18.4 8.1 Bonds 1960 1960 1980 7 20.0 11.1 Bonds 1961 1961 1981 7 45.0 27.9 Bonds 1963 1963 1983 7 20.0 14.0 Salary bonds 1563 1983 7 20.0 14.2 Social Security 1963 1983 5 1/2 16.8 11.3 Agricultural bonds 1963 1983 7 25.0 17.1 Housing bonds 1963-69 1983-89 5 1/4 31.0 27.2 School bonds 1963-64 1973-84 7 20.4 7.8 INVU bonds 1964 1978 7 25.0 13.2 Debt consolidation 1964 1974 7 19.9 6.5 Internal debt 1965 1985 5 1/2 10.0 6.3 Internal debt 1965 1985 8 50.0 39.4 Expropriation notes 1966 1980 6 1.5 0.2 Public investment bonds 1966 1986 8 55.0 45.0 Public investment bonds 1966 1986 5 1/2 10.0 7.9 Internal debt 1967 1987 5 8.5 7.0 Agricultural bonds 1967 1987 8 14.3 12.4 Forestry bonds 1967-70 1987 8 11.0 8.0 Public investment bonds 1967 1987-88 8 115.0 94.4 Public investment bonds 1968 1988-89 8 92.9 81.5 School bonds 1968 1978-87 7 41.2 17.6 S. Carlos Agricultural College bonds 1958 1988 8 1.5 1.3 Cartago electricity bonds 1958 1988 6 2.1 1.9 Public investment bonds 1969 1989 8 113.2 100.4 Public investment bonds 1970 1990 8 122.5 102.3 Social Security 1970 2010 2 288.7 288.7 Political bonds 1970 1990 8 12.5 4.2 Special housing bonds 1910 1990 8 6.0 5.7 Municipal development bonds 1970 1981 8 10.0 8.8 Internal debt 1971 1991 8 57.0 Public investment bonds 1971 1991 8 100.0 74.0 Public investment bonds (SNAA) 1971 1991 8 11.0 8.8 Public investment bonds 1972 1992 8 100.0 65.1 Banking system 1972 1984 8 10.0 9.6 University of Costa Rica 1972 199/ 8 10.0 4. Internal debt 1972 .. 8 33.1 . Internal debt 1972 ..5 8 44.8 .5/ Development corporation 1972 ..5 8 67.0 Rest of public sector 8.02/ 162.1 128.5 ICE 1964-t2 1974-92 8 160.0 127.5 Municipality of Cartago 1964 1985 6 2.1 1.0 1/ Excluding bonds issued by public financial intermediaries. 2/ Average weighted by amounts outstanding. 3/ Excluding bonds held by Treasury. 4/ Entire issue held by Treasury as of December 31, 1972. 5/ Authorized but not issued during 1972. Source: Central Bank. Table 5. 14: COSTA RICA: PUBLIC SECTOR DOMESTIC BONDED DEBT OUTSTANDING WITH AND WITHOUT REPURCHASE CLAUSEJ/ 1965-72 (In millions of current colones) December 31 1965 1966 1967 1968 1969 1970 1971 1972 Total public sector bonds 474.3 542.6 588.9 649.0 803.5 885.9 943.4 1,381.0 with repurchase clause 130.4 167.9 211.0 270.7 369.3 441.5 495.8 607.5 without repurchase clause 343.9 374.7 377.9 378.3 434.2 444.4 447.6 773.5 Central Government bonds 436.5 486.8 524.6 578.5 719,5 795.4 836.1 1,252.5 with repurchase clause 112.3 142.2 182.2 244.1 345.0 420.3 471.5 577.32/ without repurchase clause 324.2 344.6 342.4 334.4 374.5 375.1 364.6 675.2- Other public sector bond 37.8 55.8 64.3 70.5 84.0 90.5 107.3 128.5 with repurchase clause- 18.1 25.7 28.8 26.6 24.3 21.2 24.3 30.2 without repurchase clause 19.7 30.1 35.5 43.9 59.7 69.3 83.0 98.3 1/ Excluding bonds issued by public financial intermediaries. 2/ Includes special bond issue of 0 288.7 million to consolidate short-term debt with Social Security. 3/ Bonds issued by ICE. Source: Central Bank and IBRD mission estimates. Tab!6 5. 15: COSTA RICA: PUBLIC SEC1OR DEBT SERVICE CHARGES, 1960-72 (In millions of current colones) Prel. 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL PUBLIC SECTOR DEBT SERVICE CHARGES 57.6 67.1 80.5 179.8 138.8 118.6 174.6 168.8 224.9 301.3 470.6 310.7 373.8 Interest payments 21.0 26.5 28.2 33.8 40.7 45.4 60.1 72.4 79.3 98.8 113.8 141.2 160.6 Internal debt (15.6) (20.1) (19.6) (23.8) (28.4) (32.2) (36.6) (45.6) (52.9) (66.8) (76.7) (97.6) (108.3) External debt (5.4) (6.4) (8.6) (10.0) (12.3) (13.2) (23.5) (26.8) (26.4) (32.0) (37.1) (43.6) (52.3) Amortization 36.6 40.6 52.3 146.0 98.1 73.2 114.5 96.4 145.6 202.5 356.8 169.5 213.2 Internal debt (15.3) (15.6) (14.0) (82.5) (58.9) (41.4) (53.4) (37.2) (43.6) (123.7)- (250.8)- (73.5) (92.3) External debt (21.3) (25.0) (38.3) (63.5) (39.2) (31.8) (61.1) (59.2) (102.0) (78.8) (106.0) (96.0) (120.9) Central Government total 47.7 61.6 71.8 165.8 100.4 99.5 122.1 116.9 157.2 245.8 413.1 230.4 275.9 Interest payments 20.6 26.1 27.8 33.2 39.9 44.6 44.1 55.5 61.9 78.5 90.0 100.9 112.2 Inte:nal de"t 13.z) (19. ) (19.2) (z3.2) (27.6) (31.4) (.1.2) (42.b) (50./) (65.7) (75.6) (85.9) (93.2) External debt (5.4) (6.4) (8.6) (10.0) (12.3) (13.2) (12.9) (12.9) (11.2) (12.8) (14.4) (15.0) (19.0) Amortization 27.1 35.5 44.0 132.6 60.5 54.9 78.0 61.5 95.3 167.3 323.1 129.5 163.7 Internal debt (10.4) (15.1) (9.3) (73.0) (22.7) (27.5) (37.4) (26.6) (30.2) (113.3)2/ (241.1)- (58.8) (77.7) External debt (16.7) (20.4) (34.7) (59.6) (37.8) (27.4) (40.6) (34.9) (65.1) (54.0) (82.0) (70.7) (86.0) Rest of public sector total 9.9 5.5 8.7 14.0 38.4 19.1 52.5 51.9 67.7 53.8 57.5 80.3 97.9 Interest payments 0.4 0.4 0.4 0.6 0.8 0.8 16.0 16.9 17.4 18.6 23.8 40.3 48.4 Internal debt (0.4) (0.4) (0.4) (0.6) (0.8) (0.8) (5.4) (3.0) (2.2) (1.1) (1.1) (11.7) (15.1) External debt ( - ) ( - ) ( - ) ( - ) ( - ) ( - ) (10.6' (13.9) (15.2) (19.2) (22.7) (28.6) (33.3) Amortization 9.5 5.1 8.3 13.4 37.6 18.3 36.5 34.9 50.3 35.2 33.7 40.0 49.5 Internal debt (4.9) (0.5) (4.7) (9.5) (36.2) (13.9) (16.0) (10.6) (13.4) (10.4) (9.7) (14.7) (14.6) External debt (4.6) (4.6) (3.6) (3.9) (1.4) (4.4) (20.5) (24.3) (36.9) (24.8) (24.0) (25.3) (34.9) 1/ Excluding debt of public financial intermediaries. 2/ Including substantial repayments to the banking system. Source: Planning Office; and mission estimates. The external debt amorcization figures came from the Planning Office for 1960-64; thereaffer from IBRn external debt statIstics. Table 5.16: COSTA RICA: PUBLIC DIRECT INVESTMENT BY SECTOR, 1965-69 (In millions of colones) 1965 1966 1967 1968 1969 TOTAL 233.6 195.5 214.3 196.2 272.8 (of which public sector) (225.3) (180.0) (186.6) (184.4) (255.3) Transportation 38.8 42.0 58.9 61.9 90.3 Power 88.6 33.3 23.5 25.7 32.2 Telecomunications 25.0 34.9 24.9 14.2 9.1 Education 9.6 14.0 12.4 14.2 13.4 Health 14 0.0 36.7 23.8 25.5 79.5 Housing 8.3 15.5 27.7 11.8 17.5 Municipalities 7.6 7.5 10.3 11.6 13.3 Others 15.7 11.9 32.8 31.3 17.5 1/ Includes water and sewerage. 2/ Not included in public sector consolidation. Source: Table 5.2 and Planning Office. Table 5.17 COSTA RICA: PUBLIC INVESTMENT PROGRAM BY SECTOR, 1970-77 in millions of colones) Actual Preliminary Projections 1970 1971 19 7 2 1973 1974 1975 1976 1977 T F T F T F T F T F T F T F T F Total investment 3L5 146.1 8 265.3 *fL 396.1 770.7 429.2 740.6 364.1 820.3 427.2 916.3 501.3 1068.8 342.0 Direct investment 0 132.0 h 190,3 6 O 307.0 670.8 347.5 _L3&e. _297.4 7Z6.0 342.0 780.0 409.7 917.9 493.5 (of which public sector) (291.6) (127.0) (439.2) (189.4) (589.0) (307.0) (65.6) (347.5) (597.2 '292.4) (663.5) (332.0) (730.7 (399) (66.8) ( 3) Agriculture - - 19.0 4.1 41.3 18.6 70.1 35.2 60.7 33.4 60.1 34.2 48.3 34.8 53.5 33.2 Tourism - - 0.2 - - - 1.6 - 1.0 - 0.6 - 0.7 - 1.0 - Power 63.0 24.6 111.0 47.9 118.5 73.6 64.2 47.8 10,.2 65.7 177.2 lo9.5 109.9 136.2 25.9 175.3 Transportation 108.5 79.8 135.2 104.4 209.8 172.0 251.0 189.9 150.5 100.8 134.1 97.6 165.9 124.5 209.6 152.1 Communications 9.9 3.3 32.3 22.0 43.7 27.6 78.8 41.6 80.8 46.5 80.5 41.4 66.9 37.7 85.5 46.9 Water and sewerage 17.2 10.9 16-0 8.1 35.1 13.3 34.3 16.1 47.9 27.5 48.6 19.3 59.6 25.8 69.1 30.3 Education 29.5 7.7 32.7 1.7 25.7 0.7 37.7 10.8 35.0 13.1 49.5 24.4 74.3 38.7 76.0 40.4 Health 38.4 0.2 36.2 - 34.0 - 31.9 4.0 36.1 4.0 33.9 3.7 35.1 - 36.2 - Housing l/ 15.9 5.0 30.9 0.9 34.0 - 25.2 - 42.6 5.0 42.5 10.0 49.3 10.0 51.1 13.2 Municipalities 12.9 0.5 23.1 1.2 35.8 1.2 41.0 2.1 W0.0 1.4 50.0 1.9 5.0 2.0 41.0 2.1 Other 12.2 - 33.5 - 4o.1 - 35.0 - 0.0 - o.o - 53.o - 5.o - Credit Lines 35.0 14.1 115.1 75.0 124.7 89.1 99.9 81.7 100.8 66.7 114.3 85.2 136.3 91.6 150.9 101.5 Agriculture 35.0 14.1 93.8 57.6 4-23 23.7 59.8 34.3 61.0 30.9 73.1 48.2 94.8 54.6 102.9 59.5 Industry - - 8.0 4.1 61.0 44.0 23.8 16.1 24.0 20.0 26.2 22.0 26.5 22.0 33.0 27.0 Housing - - 3.3 3.3 21.4 21.4 18.0 31.3 15.8 15.0 15.0 15.0 15.0 15.0 15.0 15.0 Other - - 10.0 10.0 10.0 - - - - - - - 1/ Not included in public sector consolidation Source: Tables5.18 and 5.19.  Page 1 of 5 Table 5.8: COSTA RICA: PUBLIC INVESTMENT PROJECTS AND EXPECTED FINANCING, 1970-77 (In millions of Colones) External Actual Preliminary Proiections Sector and Project Exutin g Cost o P oect ri tegn al Pinascing 1970 1971 1972 1973 1974 1975 1976 1977 SeteadPoetAecy 1/ Total Domestic Foreitgn Pisoecieg Agency D P D P 0 P 0 P F P F 0 P D PF I. AGRICULTURE, LIVESTOCK AND FISHING - - 11.9 4.1 22.7 18.6 34.9 35.2 27.3 33.4 25.9 34.2 13.5 34.8 20.3 33.2 On-Going Projects -_ -_ 19 4.1 22.7 18.6 34.1 33.9 20.4 20.2 16.0 16.0 1.3 10.6 - - Agricultural development I MAG/ OTHERS 171.6 101.0 70.0 85.8 AID - - 8.6 - 16.4 15.5 29.3 29.4 14.2 14.2 16.0 16.0 1.3 10.6 - - Regional Agricultural Centers MAG 34.0 7.4 16.6 16.6 IDB - - 4.4 4.1 2.0 2.1 4.8 4.5 6.2 6.0 - - - - - - ARricultural cquipment CNP 1.0 - 1.0 1.0 Suneier - - 1.9 - 4.3 1.0 - - - - - - - - Chease - - - - - - 0.8 1.3 6.9 13.2 9.9 18.2 12.2 24.2 19.3 33.2 Construction of a pier for sugar 2 SL 20.9 8.4 12.5 13.3 Manhattan 0.8 1.3 4.6 7.9 2.2 4.1 - - - Construction of a fishing pier MOPT 23.3 4.7 18.6 18.0 IDB - - - -1.3 4.3 2.0 6.5 2.1 7.2 - - Animal Health MAG 26.7 8.7 18.0 18.0 IDBS - -- --- - - - - 1.7 3.6 3.5 7.2 3.4 7.1 Small irrigation works MAC 77.1 46.3 30.9 38.6 IDB - - - - - - --- -- - - - 2.6 5.8 5.2 11.6 Irrigation Anenal I MAG 133.0 57.2 75.8 75.8 IBRD - - - -5.7 7.5 Agricultural Development II MAG/OTHERS 40.0 40.0 20.0 20.0 AID - - -- - - -- - - 1.0 1.0 4.0 4.0 4.0 4.0 6.0 7.0 11. TOURISM - - 0.2 - - - 1.6 - 1.0 - 0.6 - 0.7 - 1.0 - Various small pjects 3/ ICT n.a. n.a. n.a. n.a. - - - - - - 1.6 - 1.0 - 0.6 - 0.7 - 1.0 - III. POWER 38.4 24.6 63.1 47.9 44.9 73.6 16.4 47.8 75 A 67.7 1D9. 53J 136.2 70o.6 a1.j.3 On-going Projects 38.4 24.6 63.1 47.9 44.9 73.6 16.4 47.8 18.0 22.0 10.2 9.7 3.1 3.8 3.1 6.2 Third Power Project (Cachi, Tapanti) ICE 249.1 179.9 69.2 127.1 15.7 24.6 31.8 35.9 15.0 44.5 - 22.1 - - - - - - - (79.R) IBRD (-)(24.6) (- (359) (-)(17.9) (-( 1.4) (-) (-5 (-) (-) (-) (-) (-) (-) (47.3) Com. Banks (-)( -) (-)( -) (-(26.6) (-)(20.7) (-) (-) (-) (-) (-) (-) (-) () Fourth Power Project (San Antonio,Limon) ICE 55.2 12.0 43.2 43,2 IBRD - - - - 2.5 20.6 4.8 12.1 3.0 7.8 1.7 2.7 - - - - local electnification ICE 36.7 19.1 17.7 25.3 IDB - - - 1.8 0.9 3.4 3.0 7.0 6.4 9.0 1.1 4.1 - - - - Othen power projects by ICE ICE 88.0 47.5 40.5 - Suppliers/ 13.0 - 19.5 - 16.0 1.3 8.1 5.9 7.1 4.7 2.4 1.6 2.5 1.6 2.6 1.7 Cams. Bank s Other power projects (JASEC-JASEMA-JASEMH) Various n.a. n.. n.a. 24.4 CAEI 1.1 - 1.4 10.2 1.2 3.8 0.5 0.7 1.5 0.5 5.0 1.3 0.6 2.2 0.5 4.5 Juntas Comm. Banks New office building for ICE Itt 27.9 21.7 6.1 - - 8.6 - 10.4 - 9.3 - Newm Projects - - - - - - - - 21.5 43.7 57.5 99.8 50.6 132.5 67.51h9.1 Rio Macho hydroelectric (expansion) ICE is.j 9.8 1BRD - - 0.1 1.7 0.8 2.5 2.7 5.8 - - Main Thermal (expason) ICE 1555 36.5 TEED :- - 2.0 2.0 7 703 - - . Transmission lines ICE 117.0 - - - - - 6.8 13.6 71.1 20.9 10.0 3N.9 5.0 5.2 DSistiois(l ICE 18.5 14.7 TIFE - - - -4: iS 52 11 2.5 5. 5.0 10. 34.9 isatribution (CNFL) ICE 18.5 7 7 - - - - - - 6.2 5.0 21.1 56.6 27.1 87.7 34.8 125.8 (36.1) IIRD (-) (-) (-) C-) (-) (-) (-) (-) (-) (2.5) (-) (2.8) (-) (11.0) (-) (22.3) (225.4) TDB (-) (-) C-) (-) (-) (-) (-) (-) (-) (2.5) (-) (43.8) (-) (76.7) (-) (102.5) Rural electrification INFO00P 52.6 255 17.0 21.3 IDB - - - - - - - - 5 - - 0 - . 5 .2 Other power projects ICE 26.7 26.7 - - -7.5 10.0 12.5 - Page 2 of 5 Table 5.18: COSTA RICA: PUBLIC INVESTMENT PROJECTS AND EXPECTED FINANCING, 1970-77 (In millions of Colones) External Actual Preliminary Prjetins Sector and Project EProject Pteral Pinancing 1970 1971 1972 1973 194 1975 1976 1977 SetredPoetAgency I/ Totel Domestic Foreign Financing Agency D P 0 P D P D P 13 P 5 P 5 P D5 IV. TRANSPORTATION 28.7 79.8 30.8 104.4 37.8 172.0 61.1 189.9 5 .9 10 0.8 1O.0 B.2 136.5 67.9 168.0 On-going Projects 28.7 79.8 30.8 104.4 37.8 172.0 45.2 135.7 40.1 62.2 11.8 8.4 0.4 0.3 - - -Roads 16.7 67.1 20.3 97.9 29.5 157.6 45.2 115.2 40.1 62.2 11.8 8.4 0.4 0.3 - - Cartago-Cervaetes, 1st Stage Highway Plan MOPT 3.4 1.3 2.1 - - 0.7 - 0.5 - 0.5 - - - - - - - - - Cervantes-Turrialba, lst Stage Highway Plan MOPT 1.2 0.5 0.8 - - 0.1 - - - Feeder roads program, l.t Stage (295 km) MOPT 53.2 18.6 34.6 26.6 DB 0.7 - 0.2 - 0.8 - - - - - - - - - Feeder roads program, 2nd Stage (342 km) MOPT 131.4 46.0 85.4 49.9 1DR 6.7 5.9 9.4 8.8 10.2 7.7 15.9 11.1 19,4 13.5 11.8 8.4 0.4 0.3 - - Third clos roa...d to tisues(an n Ruotico) MOPT 8.8 3.1 5.7 - - 7.9 7.5 1.4 - -- -- -- -- - El Coco-S. Ramon Highway (42 km) MOPT 105.6 47.5 58.1 93.1 CABEI - 25.1 - 22.1 - 24.0 Interamerican Highway (connection with MOPT 161.6 64.7 97.0 161.6 US.COVT/EXIM - 29.2 - 21.0 - 31.5 - 36.9 Panama) Study for "Costaners Sur" Road MOPT 4.0 4.0 - 3.4 CABEI - - 0.2 1.5 0.5 1.3 0.2 0.2 Pavones-Siquirres (36.5 km) MOPT 9.5 3.6 5.9 3.0 AID - 1.3 1.2 2.8 2.2 1.0 0.6 - Arizoc-ibeoia (81.3 k) MOPT 30.0 12.0 18.0 30.0 CABEI - 3.0 0.2 9.8 0.3 7.3 0.4 8.2 San Jose-Siquirres y San Jose- Puerto Viejo (studies) MOPT 9.3 4.2 5.1 9.3 IBRD - - - - - - - 3.0 - 5.5 - 0.8 - - - - Siquirres-Limon (58.7 km) MOPT 172.4 162.4 110.0 104.4 IBRD - - 5.3 1.3 12.3 25.9 25.0 35.0 20.0 40.0 5.4 2.2 - - - - Naranjo-Los Chiles (studies) MOPT 4.7 2.1 2.6 4.7 CABET - - - 3.1 - 1.2 - 0.5 - - - - Metropolitan Area Transport Study MOPT 5.0 2.4 3.6 4.4 PIUD - - - - - - 0.9 2.5 0.7 1.9 - - - - - - Interamericana-Frailes (10.6 km) MOPT 3.4 1.1 2.2 - - - - 0.3 - 0.9 - 2.2 - - - Tilarun-Puerto Viejo (studies) MOPT 2.6 1.8 0.8 2.6 CABET - - - - - - - 1.3 - 1.3 - - - - - - Feeder road construction with Municipal Various equipment MOPT 68.7 - 68.7 68.7 suppliers - - - 27.5 - 41.2 Maintenance Equipment MOPT 34.1 - 34.1 34.1 AID - - - - - 17.7 - 16.5 Other projects MOPT 9.0 8.0 1.0 - - 5.6 - 1.6 - 1.8 - - -Ai.rt,. - . . 2.2 6.2 - 8.4 Airport of Pavas 2/ MOPT 5.7 Cou.an.sks 1.1 - - 3.9 - 1.8 Airport of Chacarita MOPT 3.9 1.6 2.3 - - 0.5 - Intl. Airport Juan Santamara (1st stage) MOPT 14.0 5.6 8.4 14.0 CABE1 - - - 1.7 - 3,9 - 8.4 Other investmnots MOPS 3.4 3.4 - - - .0.1 0.7 7.2 0.5 -gailoads 4.1 1__ 10 - 6.1 - - 4.2 _7 PaniEic luilroad INCOP .a. t.a. 4.2 Suppliers 4.1 - 1.0 - 6.1 - - 4.2 -Ports and Waterways 6.3 12.7 9.4 0.2 0.3 8.2 - 1.2 Waterways in the Atlantic lagoons MOPT 19.6 6.9 12.7 )0.0 CABtI 1.2 0,1 1.5 0.2 - 7.6 - JAPEEVA, machinery and equipment JAPDEVA 12.1 - 12.1 /21.8 Suppliers 5.0 - 5.0 - 0.3 0.6 1.2 Provisional Pier at Limon (for bananas) MOPT 20.0 10.0 10.0 20.0 Suppliers - 12.6 - Other investments MOPT 7.0 3.0 - - - 0.1 2.9 -- Neee Prouects 15.9 54.2 12.8 42.7 291.2 506.0 47.8 136.2 07.9 168.3 bRade- 15.6 3.4 33.2 1.5.9 81.4 27.3 107.1 45.5 136.6 4 Road ronstruction plan MOPT 138.3 45.2 k..7 93.5 IDB - - -3.4 10.0 io.6 18.0 12.8 22.6 18.5 26,0 Feeder roads program, 3rd stage MOPT 66.1 23,1 3.0 13.0 10B - - - -5.4 8.2 10.6 15.9 San Jose-Siquirres MOPT 226.1 53.4 102.0 111.0 IBRD - - - - - --- - - - - 5.5 22.2 5.6 22.0 5.6 22.0 Liberia-Penas Blancao MOPT 20.0 51.2 16.0 20.0 CAB0E1 -8 .0 - 9.0 - 9.0 - 2.0 - - Coatanera Sur, 1st stage, Barranca- Losa. MOPT 39.9 85e9 23.9 39.9 CABEI- - - - - - - - - - - - - -- 6.7 - 13.3 - 13.7 Naranjo-Los Chiles MOPT 186.6 84.0 102.6 186.6 CABEI- - - -- - - ---- -- - 15.0 - 20.0 - 25.0 Naranjo-Ciadad Quesada MOPT 66.5 29.9 36.6 66.5 CABE0I- -- - - - - - - - - - - - - 13.3 - 19.0 Cusoidabat-Tees Hens MOPT 32.4 21.0 11.3 32.4 CAOtE - 7 .6 - 14.2- 10.5 - -- - Transport Plan Metropolitan Area MOPT 110.0 44.0 66.0 67.0 IBRD - - - - -2.0 3.0 8.0 10.0 --srp-rto 1.5 ' 7 2.8 5.2 In-ernational Airport Juan Santao,arta cluPT 104.4 3o.5 67.8 67.8 Suppliers--- -- - - - - - - - 1.5 2.7 2.8 5.2 -forts -- - - - 15.9 38.6 9.4 9.5 13.1 15.2 19.0) 26.4 19.6 26.4 Bc:akwater at Limon, 1st stage 2/ MOPT/JAPDEVA 37.8 26.5 11.3 18.9 Chase Manhattan9.4 18.9 9.4 - - - - - - Breakwater at Limon, 2nd stage MOPT/JAPDEVA 86.4 60.4 26.0 43.2 German Govt. - - - - 8.7 8.7 13.0 13.0 13.0 13.0 Machinery and equipment for ports 2/ JAPDEVA 35.9 - 35.9 35.3 Commercial Bank 0.6 13.0 7.3 - 5.0 - 5.0 - 5.0 Machinery and equipment for Punta Arenas 2/ INCOP 16.3 - 16.3 10.4 Commercial Bank 5.9 8.7 2.2 - 1.5 - - - - Harbor at the Bay of Caldera Sur MOPT 99.7 43.8 55.8 55.8 IDB or Japanese Govt. - - - - - - - - - - 4.4 5.6 6.0 8.4 6.6 8.4 Page 3 ef 5 Table J.t3: COSTA RICA: PUBLIC INVESTMENT PROJECTS AND EXPECTED FINANC1NG, 1970-77 (Sn millions of C2olones) External Actual Preliminar y Projections Sector and Project Executing Cost of Project Enternal Financing 1970 1971 1972 1973 1974 1975 1976 1977 Agency 1/ Total Dometic Forelgn Financing Agency D F D F D F D) F D F D F D F D F V. CO3M.NIATIONS _3130.3 22.0 16.1 27.6 37.2 41.6 34.3 46.5 39.1 4_1.4 79.2 37.7 38.6 46.9 On-gaing prajeots 6.6 3.3 10._3 22,0 16.1 27.6 34.9 40.0 31.5 45.0 31.1 _34.6 2.8 5.9 - - Telecomnnnications, lst stage ICE 110.4 47.3 63.1 63.1 IBRD 3.4 - - - - - - - - -- Teleoeemmuniations, 2nd stage ICE 82.0 38.8 43.2 43.2 IBRD 2.5 2.3 8.5 13.9 7.8 15.7 4.9 11.2 Central America Regional Network CE ?2.6 4.0 18.6 18.6 CABEI 0.7 1.0 1.8 8,1 1.5 9.5 - Teleoemuenictions, 3rd stage ICE 218.6 104.1 114.5 116.4 IBRD - - - - 6.8 2.0 30.0 28.8 31.5 45.0 31.1 34.6 2.8 5.9 - Purchaae of nquipmnt ICE 0.4 - 0.4 0.4 Suppliers - - - - 0.4 New Procts - 2.3 1.6 2.9 '.1 P.0 6.6 761 313 28.6 46.9 Tcler-,ixc,lar s, 'oh -aga IC- 9.. e.4 T.Ue 1-0.. 0 -0)- - - - -- - - - - - - - - - - 4.5 5.0 22.0 30.0 33.0 45.0 Other works ICE 18.6 11.1 7.4 - - - - - - - - 2.3 - 2.8 - 3.5 - 4.4 - 5.6 - Purchase of equipment ICF 8.6 - 8.6 8.6 Supplieo - - - - - - - 1.6 - 1.5 - 1.8 - 1.8 - 1.9 VI. WATER AND SEWERAGE _6.3 10.9 .9 8.1 21.8 13.3 18.2 16.1 20.7 27.5 30.3 19.3 33.8 25.8 38.8 30,3 On-going Projects 6.3 10.9 7.9 7.4 21.8 12.7 15.2 15.4 2.9 15.0 - 2.0 - - - Emergeecy plan metropolitan area of San Jose SNAA 38.1 24.8 13.3 9.1 AID 0.2 - New metropolitan aqueduct 0NAA 57.4 37.3 20.0 43.0 EXIMBANK/AID 2.5 9.6 Runal aqueducts, let stage SNAA 20.9 13.5 7.3 5.7 IDB 1.2 1.3 3.5 0.8 4.1 - Other works SNAA 7.3 5.1 2.2 - - 2.3 - 1.1 - 2. -- Water system for five ceties SNAA 66.5 43.2 23.2 41.8 IDB 0.1 - 1.1 1.6 9.2 7.7 8,9 15.4 2.9 15.0 - 2.0 - Aquedorte metropolicaa area, lst stage 2/ NAA 25.0 16.3 8.8 10.0 Troet Co/Banks -- 2.2 5.0 6.5 5.0 6.3 - - - - New Projects - - 0.7 - 0.6 3.0 0.7 17.8 12.5 30.3 17.3 33.8 25.6 38.8 30.3 Aqueducts etropolitan area, 2nd stage 4/ SNAA 90.7 45.5 45.2 45.2 UK Covr - - 0.7 - 0.6 - 0.7 14.8 12.5 17.3 17.3 9.8 9.8 3.6 3.6 Water system for fourteen ities 4/ SNAA 51.2 33.3 17.9 - - . -. -. -. -. -. -. -. -. -. -. 9.0 - 13.5 - 25.0 - Rural aqueducts, 2nd stage SNAA 22.0 14.3 .7 17.6 ID0. -. -.-. -. -.- . -. - .- .- - -.2.5 - 1.2 2.7 Aqueducts metropolitan area, 3rd stage SNAA 90.0 58.5 31.5 17.0 IDB ---.-.-.-.-.-. -. -. 1.0 - 5.0 16.0 6.0 24.0 Other works NAA 15.0 10.5 4.5 - - - - - - - - 3.0 - 3.0 3.0 3.0 - 3.0 - Page 4 of 5 Table 5 18: COSTA RICA: PUBLIC INVESTMENT PROJECTS AND EXPECTED FINANCING, 1970-77 (In millions of colones) External Actual Preliminary Projections Sector and Project Excuting Cost of Project External Fisancing 1970 1971 1972 1973 1974 975 1976 977 SetrSdPoetAgency 1/ Total Domestic Poreign Pinanciog Agency D P D P D P D P 5 P D P D P 5 P VII. EDUCATION 21.9 7.7 31.0 _.7 25.0 5.7 26.9 19.9 22.5 13.1 25.1 24.4 35.6 36.7 35.6 40.4 On-going Projects 21.8 7.7 31.0 1.7 25.0 0.7 26.9 10.6 21.0 12.0 19.6 14.1 13.6 5.0 9.7 5.0 Program of school buildings 5/ ME 75.3 22.6 52.7 - Bond issue 4.0 4.5 10.1 - 10.4 - 7.0 3.5 5.2 5.0 4.0 5.0 2.0 5.0 2.0 5.0 National library ME 12.9 9.9 3.0 1.1 Vene.Govt. 5.1 - 6,7 1.1 - Other (equipment & supplies included) ME 3.4 3.4 - - - 0.4 - 0.3 - 0.3 - 0.4 - 0.4 - 0.5 - 0.5 - 0.6 - Construction of buildings, equipment, and supplies ME 37.9 16.9 21.0 23.2 IDB - - - - - 0.1 4.4 7.0 4.4 7.0 5.8 9.1 - - - - Agricultural School of San Carlos ME 2.2 1.4 0.8 0.4 AID - - 1.8 - - 0.1 - 0.3 - - - - - - Juntas de Educacion JUNTAS 39.8 39.8 - - - 6.5 - 6.2 - 4.1 - 4.1 - 5.3 - 4.5 - 5.0 - 3.9 - Construction & expansion of facilities UCR 16.7 9.5 7.2 9.1 IDB 3.0 3.0 1.0 0.6 1.0 0.5 - - - - - Other projects UCR 37.4 22.5 14.9 - - 0.2 - 1.8 - 6.4 - 10.0 - 4.8 - 3.9 - 3.5 - 1.6 - Construction of facilities 3/ INA 6.7 3.3 3.3 0.3 Swiss Govt. 1.4 0.2 2.0 - 1.1 - - - - - - - 1.5 - 0.5 - Equipment and supplies 3/ INA 9.2 7.2 2.0 - - 1.2 - 1.1 - 1.7 - 1.0 - 0.9 - 0.9 - 1.1 - 1.1 - Ros Projects 1.5 1.1 5.5 10.3 22.0 33.7 25.9 35.4 Secondary education and non-formal training ME/INA 62.4 31.1 31.3 41.2 IBRD - - --- -- - - 0.5 1.1 5.0 9.3 10.0 21.7 5.0 7.5 Constfsuction of facilities UCR 33.1 19.1 14.0 19.9 05- - - - - - - - - - - -- - - -- -- - - -- - 2.0 4.0 Construction of a technological institute ME 73.1 43.8 29.2 36.5 IDB - - - - - - ----- - -- 11.0 11.0 12.0 12.0 Secondary education ME 101.0 49.5 51.5 66.5 IBRD - - --- - ---- -- 5.0 5.0 Coao tcuction of f cilitl.- UL. 8.0 4.4 4.4 4.4 oxidentified- - - - - - - - - - - 1.0 - 0.5 1.0 1.0 1.0 1.9 1.9 VISE. HERALTH 38.2 0.2 36.2 - 34.0 - 27.9 4.0 32.1 4.0 30.2 3.7 35.1 - 36.2 - On-going projects 38.2 0.2 36.2 - 34.0 - 0.9 4.0 0.4 4.0 0.4 3.7 0.5 - 0.5 - Hospitals: Central (remodelling CCSS 1.9 1.1 0.8 - - 1.9 - - - - - - - - - - - Nicoya (200 beds) CCSS 9.4 3.7 5.7 - - 6.5 - 1.8 - 0.4 - 0.1 - Monsenor Sanabria (400 beds) CCSS 34.0 14.0 20.0 - - 10.3 - 2.a - 0.5 - 0.5 - Gupiles (65 beds) CCSS 5.3 2.4 2.9 - - 1.1 - 2.5 - 2.5 -- Calderon Guarlia (remodelling) CCSS 4.4 2.6 1.8 - - - - 1.9 - 1.2 - Mexico (equipment) CCSS 0.9 0.5 0.4 - - - - 0.1 - 0.8 - Hospital equipment CCSS 11.7 - 11.7 11.7 German Govt. - - - - - - - 4.0 - 4.0 - 3.7 - - - - Hospitals by the IAMS IAMS 34.5 17.2 17.3 - - 5.4 - 15.6 - 13.5 -- - Dispensaries CCSS 5.4 4.3 1.1 - - 3.2 - 1.8 - 0.5 - Clinics CCSS 7.6 1.5 1.0 - - -- - 2.6 - Other ff11 30.6 24.7 6.1 - -9.6 - 9.4 - 11.08 Various small projects MH 3.0 2.4 0.6 - CARE 0.2 0.2 0.3 - 0.2 - 0.3 - 0.4 - 0.4 - 0.5 - 0.5 - oe Projects - 27.0 31.7 29.8 34.6 - 35.7 - Hospitals: Sam Isidro (400-500 beds) CCSS 13.0 5.2 7.6 - - - - - - - - - - - 1.5 - 4.0 4.0 - 3.5 - San far los CCSS 10.0 4.0 6.0 - --- - - - - - - - - - - - - 1.0 -3.0 - Limon (remodelling) CCSS 5.0 3.0 2.0 - -1-- -- - -- - - - 1.5 - 1.5 1.5 - - - Dispensaries CCSS 6.7 5.3 1.3 - - 0.6 - 1.7 0.8 0.7 - 2.9 Clinics CCSS 26.0 15.6 10.4 - - 6.0 5.0 4.0 5.0 - 6.0 - Other CCSS 41.9 33.5 6.3 - - - 7.4 7.5 - 9.0 9.0 - 9.0 - Hospitals by IAMS IAMS 62.2 31.1 31.1 - - - - - - - - 13.0 - 14.5 - 10.5 - 12.9 - 11.3 - Table 5 3: COSTA RICA; PUBLIC INVESTMENT PROJECTS AND EXPECTED FINANCING, 1970-77 Page 5 of 5 (In millions of colones) External Actual PreliminrPoLections ExecutniPnoegtdP Coat of Project E ternal Financing 1970 1971 192ec7t97 27 1976 1977 Sector and Project ToaC a 7, o97 reign B97 1ing Agency 1/ Total Daomestic Foreign Finacing Agency D P D F D F 0 F D F 0 F D F b1 F IX. HOUSING 10.9 5.0 30.0 0.9 - 25.2 - 37.6 .0 32.5 10.0 39.3 10.0 37.9 13.2 On-going Projects 10.9 5.0 30.0 0.9 A - 7.9 - 0 - 0.3 - 0.2 - 0.2 - Hatillo No.5, San Jose, 112 housing units INVU 1.2 0.9 0.3 0.3 IDB 1.0 0.3 - - - - 0.8 -- - - Ratillo Nos. 2, 3 and 4, San Jose, 139 housing units INVU 2.2 1.6 0.5 0.9 IDB 0.5 0.3 0.8 - Hatillo No. 2, San Jose, 276 housing units INVU 3.1 2.3 0.7 1.0 IDB 1.1 1.0 - Gravitias. Desamparados. 158 housing units TNVU 2.3 1.8 0.5 0.4 IDB 0.5 0.4 Le Florida, Tibas, 170 housing units INVU 2.1 1.6 0.5 0.6 1DB 1.3 0.5 - 01 - Orotina, Alajuela. 37 housing units INVU 0.3 0.2 0.1 - IDB - - - La Peregrina, La Verca, 172 housing units INU 2.7 2.0 0.6 0.6 IOB 2.1 0.3 - 0.3 Altamira, San Carlos, 33 housing units INVU 0.4 0.3 0.1 0.1 TDB - 0.1 - Las Cnas, Alajuela, Ill housing units INVU 1.5 1.1 0.3 0.3 IDB 0.8 0.3 - Bernardo Benavides, Heredia, 210 housing u. INVU 2,8 2.1 0.6 1.8 IDB 0.9 1.4 - 0.3 Hads Vieja, Curridabat, 12 housing units INVU 0.4 0.3 0.1 - 1.0 - 0.4 - El Roble, Puntarenas, 620 housing units INVU 13.2 10.0 3.1 - .1 - 10.7 - 2.0 - 0.4 - Hacienda Vieja, Curridabat, urbanization 84 Lots 1801U 0.7 0.5 0.1 0.4 0.4 - Lo Ladrillera, Moravia, Ulrbanization 98 lots INVU 0.9 0.6 0.2 . -0.3 T1iLran. Guanacaste, 25 housing units INVU 0.2 0.1 - 0.1 IDB - San Jeronimo, Tibas, urbanization 145 lots INVU 0.9 0.6 0.2 - - 0.2 - Lu Experanza, Pavas, urbanization 322 lots INVU 1.0 0.7 0.2 - - 1.0 - Hatillo No.5, San Jose, 698 housing units INVU 10.8 8.2 2.6 - - - - 1.0 - 4.7 - 3.9 La Esperanz. Pavas, 422 housing units INVU 4.3 3.3 1.0 - - - - 1.7 - 2.7 -- Bernardo Senevides, Heredia, 172 housing u. INVU 2.7 2,0 0.6 - - - 0.2 - 2.2 - 0.3 - J-us Jiener, Ta'sL, 316 uais 1.7VU 5.1 3.4 1.L - - - - 3.7 - 2.1 - 0.3 Las Canas, No.2, Alajuela, 186 housing u. INVU 3.1 2.3 0.7 - - - - 1.4 - 1.7 - 0.1 - La Peregrina, La Urtca, 438 housing units INVU 5.4 4.1 1.2 - - - - 2.8 - 1.9 - 0.4 - Sa . Ramon, Alajuela, urbanization 158 lots INVU 1.3 1.0 0.3 - - - - 0.8 - 0.5 - 0.7 - Other projects INVU 17.1 16.1 1.0 - 1DB 1.4 - 5.3 0.1 8.5 - 0.7 - 0.4 - 0.3 - 0.2 - 0.2 - Urban and rural housing and clearance of slum areas INVU/IMAS 5.6 4.6 1.1 - - - 0.9 - 7.0 - Machinery and equipment IMAS 0.8 - 0.8 - - - 0.1 - 0.7 - 0.3 - - - New P - - -r-et 17.3 - 37.2 5.0 32.3 10.0 39.1 10.0 37.7 13.2 Colinas, Tibas, 1,400 housing units NVU/IMAS 19.0 15.2 3.8 - - - 4.0 4.0 - 5.0 - 3.0 - 3.0 - Lou Corrales, Limon, urbanization 536 lot. TNVU 8.2 6.1 2.1 - - -.-.. .-.-. -. . .-. -. . . 2.2 2.3 - 3.8 - Hatillo No. 7, San Jose, 580 housing unite INVU 10.5 8.0 2.5 - - - - 3.1 - 7.4 -- - - - Miraflores. Heredia, 433 housing units INVU 8.1 6.1 1.9 - - - 1.5 - 4.6 - 2.0 - - - - Hatillo No.6. Sac !ose, 1,181 housing u. INVU 21.7 16.4 5.2 - - - - 3.0 - 7.0 - 7.0 4.7 - - HatillIo No.8, S an Tone 2,000 housing u. '000 37.5 28.5 9.0 - - - - - - - - - - -- - - - - - - .1 8 .6 - Cindadela C. Muno4, 4 multifamily buildings TNVU 3.5 2.7 0.7 - - - - - 0.2 - 1.6 - 1.7 - - - - Finca Ir:n, S.Jose, urbanization 200 lots INVU 2.8 2.0 0.7 - - - - - -- - - - - - - 1.4 - 1.4 - Finca Zetillal, S.Jose, 300 housing units INVU 5.6 4.2 1.3 - - - - - --- ----- -- - - 3.8 - 1.9 - AtlunticB nc Area, 510 housing uits fN0U 7.6 5.9 1.6 - --- - - - - - - - - - - - - - 1.5 -2.2 - Supervision and studies INVU 16.5 16.5 - - - - - - 2.7 - 2.7 - 3.7 3.7 - 3.7 - Los Corrales No.2, 268 housing units INVU 2.6 2.0 0.6 - - - 0.7 - 0.7 - 0.6 0.7 -- Curcidabat, urbanization of 670 lots INVU 5.5 4.0 1.4 - - - - - 1.3 - 4. - - - - - Los Angeles, Cartago, urbanization 52 lots INV0 0.8 0.6 0.2 - - 0.8 - - - Integrated urban development 1NVU 106.4 69.2 37.2 53.2 !DB - - - - 5.0 5.0 10.0 10.0 10.0 10.0 13.2 13.2 1/ For meaning of abreviations see Table 5 2/ Tane shows actuai uil-ation Ot funds, and not disbursements, wich take place usually in first year of execution. 3/ Continuous programs. 4/ Domestic counterpart fully financed by Central Government transfer. The latter is, however, financing the transfer by loan from conmercial banks during 1973. / Program financed by placing bonds with foreign suppliers. Source: Various public sector agencies and IBRD mission estimates.  Table 5.19: COSTA RICAi PUBLIC INVESTMENT PROGRAM, CREDIT LINES By SECTOR, 1970-77 (in millions of current colones 1970-72, and projection at 1972 price.) Executing Cost o f Foreign Foreign Agency__Total _Dxsa;tTco_;;ua.'i. Financing 1970 -T1971 F 1972 1973 1974 1975 1976 1977 Agenut Totalo F F 0 F D F D F D F a F TOTAL CREDIT LINES 20.9 14,l 40.1 75.0 35.6 89.1 33.2 81.7 34.1 66.7 29.1 85.2 44.7 91.6 49.4 101.5 209 14.1 36.2 57.6 18.6 23.7 25.5 34.3 30.1 30.9 24.9 48.2 40.2 54.6 4 I. AGRICULTURE On-going 20.9 14.1 361 57 6 18. 6 23.7 25.5 34. 29.1 29.9 1 29.2 §6 10.5 6.7 9.9 Agricultural cred.t I BC 44.6 36.6 8.0 20.0 IBRD 4.9 2.3 16.6 4.0 12.0 2.7 2.7 0.6 Agricultural credit II BC 111.7 66.5 45.2 59.9 IBRD - - - - 3.3 20.0 18.0 23.8 21,3 8.0 17.3 - - - - Sugar Program 1972-73 BC 11.3 3.0 8.3 11.3 Wells Fargo - - - - 4.3 - 7.0 - - - - - - - - Agriculture sector program BC 46.6 41.9 4.7 23.2 AID 16.6 15.4 6.6 3.8 0.1 4.1 - - - - - - Agricultural cr-dit BNCR . 93.1 56.1 37.0 34.6 IDB 16.0 11.0 3.0 1.7 Agricultural credit BlNCR 66.5 45.1 21.4 39.9 IDB - - - - 2.7 4.0 5.3 8.0 5.3 8.0 6.6 10.0 6.7 9.9 Cattle development SCR 6.7 4.6 2.1 6.7 Bank of Am. - - - - - 6.7 Agricultural machinery BACR 6.5 - 6.5 6.5 com. banks - 0.8 - 0.8 - 0.6 - 0.6 - 0.6 - 0.6 - 0.6 - - Agricultural machinery BCAC 3.3 - 3.3 3.3 EXIMBANK - - - 0.4 . 2.3 - - - - - - - - - - Livestock and fishery BACR 6.5 . 6.S 6.5 Bank of Am. - - - 2.0 * - - - - - - - - - . - Agricultural equipment BCAC 3.3 - 3.3 3.3 Bank of Am. - - - - - 3.3 - - - - - - - - - expansion BC 33.3 - 33.3 33.3 Bank of An. - - - 33.3 Nay 187.5 93.9 93.6 111.1 - - - - - - - 1.0 10 11.6 19.0 33.6 4.0 36.7 49.6 Agricultural credit III BC 123.0 74.0 49.0 66.5 IBRD - - - - - - - - - - 17.0 20.0 20.0 23.0 Flsherie. BACR 64.5 19.9 44.6 44.6 IDB . - - - - - - - - - 6.6 14.0 6.6 14.0 6.7 16.6 Agriculture sector program 11 BC 60.0 54.0 6.0 30.0 AID 1.0 1.0 5.0 5.0 10.0 10.0 10.0 10.0 Agriculture equipment BACE 6.7 - 6.7 6.7 Co-.nk - - - - - - - 6.7 - - - - - - - - IA. INDIF4R: 3.v 4.1 17.0U 44.0 1.7 16.1 4.0 2 4.2 22.0 4.5 22.0 6.0 27.0 On-in3.9 4.1 17.0 44.0 7.7 16.1 4.0 5.0 4.2 7.0 4.5 7.0 - - Industrial credit RC 12.0 4.0 8.0 8.6 Wells Fargo - - - - 2.0 8.6 1.4 - Industrial credit BC 4.7 1.7 3.0 3.3 First Wis. - - - - - 1.4 3.3 Machinery for industry and agriculture 9NCR 33.2 6.6 26.6 26.6 Wells Fargo - - - - 6,6 26.6 - - Industrial credit BCR 37.2 18.6 18.6 21.9 IDB - 0.1 0.2 0.5 0.7 2.0 2.0 4.0 5.0 4.2 7.0 4.5 7.0 - - Industrial credit BCR 29.7 14.9 14.8 15.1 ID - - 3.8 3.9 7.9 8.1 2.9 3.1 - - - - - - - e- - - - - - - - - 15.0 - 15.0 15.0 6.0 21.0 Industrial credit BNCR 39.9 19.9 20.0 20.0 IDB - - - - - - - - - - - 6.0 6.0 Industrial credit BCH 3.3 - 3.3 3.3 CABE1 - - - - - 3.3 - - - - - * - Industrial credits BC/DNCR n.. n.. n,a. 66.5 Con. Bank, - - - - . - - - - 15.0 15.0 15.0 - 15.0 EI. HOUSING - - - 3.3 21.4 - 31.3 - 15.8 - 15.0 - 15.0 - 15.0 on-going - . - 3.1 21.4 - 14.5 - 0.8 - - -- - On-goingiLL14142 - Various housing credit. BCAC .a. n.a. n.a. 33.3 CABEI - - - 1.0 . 19.0 - 13.3 - - - - - - - Savings and loan B"AC n.a. n.a. n.e. 6.7 AID - - - 2.3 - 2.4 - 1.2 - 0.8 - - - - Ne. . - - . - - - 16.8 - 15.0 - 15.0 . 15.0 - 15.0 Various housing credits BCAC n.a. n.a. n... 33.5 CABEI - - - - - - - 3.5 - 15.0 - 10.0 - 5.0 - - Various housing credits BCAC D.. n.a. n'a. 33.3 CABEI - - - . - - - - - - 5.0 10.0 10.0 Varius housing credits 8CR n.a. n.a, n.a. 13.3 ConBanks - - - - - - - 13.3 IV. OTHER - . om.Bas - - - 10.0 - - 1/ Excludes loans to industry by IBRD, iDB and AID channelled through CABEI. Source: Central Bank and IBRD mission estimates.  Table.5;2Q1 COSTA RICA: SUfARY OF TAX SYSTW, 1973 (CERtRAL COVERNIMNT) Page 1 of 5 (All amounts in Costa Rican colones unless otherwise noted) Tax Nature of tax Exemptions and Deductions Rates 1. Taxes on Income and Profits 1.1 Taxes on companies 1.11 Income tax Annual tax on net profits received by Exemp from the tax: government Taxable income Rate (Impuesto sobre la renta) Costa Rican and foreign companies from agencies and some of the state Up to o00 5 Per cent Law $37 of 1946 and Costa Rican sources, after deduction enterprises; the Catholic Church; 50,000 to 130,000 20 per cent amendments, in particular of all expenses related to the produc- nonprofit organizations and pro- 131,000 to 1,000,000 35 per cent Law 4961 of 1972. tion of income. fessional associations. Income 1,000,000 and above 40 per cent tax holidays of two to eight years are also provided for industrial enterprises, under certain circum- stances, according to the Law for Industrial Protection and Develop- ment (Law 2426 of 1959) and the Central American Agreement on Fiscal Incentives for Industrial Development of 1962. Deductible expenses include all normal business expenses; depre- ciation (straight line and in certain cases accelerated depre- ciation by the sum of digit method); investment in machinery and equipment by industrial and agricultural enterprises, up to 50 per cent of net profits and 0 100,000 per annum. There are also provisions for percentage depletion and loss carry-overs. 1.12 Tax on companies enjoying Annual tax on net profits of companies The base of the tax is net profits, t per cent benefits of Law for protected by the Law for Industrial calculated as under the income tax, Industrial Protection Protection and Development. These less income tax paid. and Development (Impuesto companies are granted a number of tax del 1 por ciento Lay de concessions, involving primarily import fomento industrial) Law duty exemptions. The scope and nature 2426 of 1959 (Art. 39) of the exemptions vary with the and amendments. industry's classification under the Law. The tax is earmarked for the Commission for Industrial Development. 1.13 Withholding tax on divi- Applies to dividend payments, distrib- $ per cent dead(Impuesto sobre Ia uted partnership profits, and interest renta), Law 1-961 of 1972, payments on bonds not specifically exemp- Art. 63. ted by law, when these payments are made to natural persons residing in Costa Rica. 1.14 Withholding tax on foreign Applies to dividends and other forms of 15 per cent profit remittances profit remittances to nonresident indi- (Impuesto sobre la rents) viduals or companies domiciled abroad. Law 4961 of 197?, Art. 64. 1.15 Ta: on banana companies A tax in lieu of income tax imposed on 30 per cent (Impuesto sobre la rents the net profits of the banana companies, de Cias batameras) by special contractual arrangement. Law 1126 of 1949, Law 1542 of 1954 and Law 2120 of 1957. 1.2 Taxes on individuals 1.21 Income tax The tax is payable by all persons Excluded from gross income: Taxable income Rate (Impuesto sobre la rents) domiciled in Costa Rica on income foreign source income, capital Up to 5,000 5 per cent Law 337 of 1946 and amend- derived within the country. Non- gains other than from land sub- 5,001 to 10,000 7 per cent ments, in particular resident persons are liable to tax on divisions, dividends and distrib- 10,001 to 20,000 9 per cent Law 4961 of 1972. income obtained from property or uted partnership profits (subject 20,001 to 30,000 12 per cent enterprises situated in Costa Rica. The to 5 per cent withholding tax). 30,001 to 45,000 16 per cent tax is imposed on net income which is 15,001 to 75,000 20 per cent defined as the difference between gross Personal ememptions: 0 7,500 for 73,001 to 110,000 24 per cent income and deductions permitted by law. the taxpryer, 0 3,000 for his 110,001 to 150,000 23 per cent Income is imputed lor owner-occupied spouse, 0 ..,500 for each child, 150,001 to 200.000 32 per cent duellings valued at more than 0 75,000 and 0 1,500 for other dependents, 200,001 to 250,000 31 per cent on a progressive scale ranging from 50,001 to 350,000 44 per cent i no 10 per cent of the vafue of the Pe esonal deductions: A standard 350,001 and above 50 per cent house. ce'uction of 15 per cent of gross n ae, up to a maximum of 0 15,000 may be taken, or deduc- ons may be itemized, still sub- ec- to an absolute maximum of U15,000, for a wide range of Table 5.20: COSTA RICA: SUMeARY OF THE TAX SYSTEM, 1973 Page 2 of 5 Tax Nature of tax Exceptions and Deductions Rates 1. Taxes on income and Profits (Cont'd) 1.21 income tax (Cont'd) expenses, including Social Security contributions; local and real property taxes; interest on personal debt; life insurance preniums; up to 20 per cent of medical expenses, legal fees, and other payments for professional ser- vices; and overseas educational ex- penses for dependents. An additional maximum of 9 8,000 is allowed for life insurance premiums, the purchase of bank shares, and the purchase of sav- ings and loan shares at the National Housing Institute. Deductions for charitable contributions and dona- tions to approved nonprofit organiza- tions are outside the ceiling. 2. Payroll taxes and Social Security Contributions ..I Payroll taxes 2.11 National Apprenticeship Tax on payrolls paid by employers, ear- Firms with less than five employees 1 per cent of salaries. Institute Tax marked for the National Apprenticeship are exempt. (Canto patronal-INA) Institute. Law 3506 of 1965 and La. 4903 of 1971 2.12 Social Assistance Institute Tax on payrolls, paid by employers, 0.5 per cent of salaries. Tax (Cuota patronal-IMAS) earmarked for the National Assistance Law 4700 of 1971 Institute. 7.13 Community Development Bank Tax on payrolls, paid by employers, 0.5 per cent of salaries. Tax (Cuota patronal - Banco) earmarked for the Community Development Obrero) Bank,which also receives a 1 per cent Law 4351 of 1969 employee contribution. 2.2 Social Security Contributions Contribution to Social Security and Applies to salaries up to 0 3,500 Contribution by of salary (Contribuciones Segurs Social) and National Health Insurance monthly. By 1976 universal cover- Employer 7.5 La. 17 of 1943 system, paid by employees, employers, age mill be achieved, and the Employee 6.5 and the government. ceiling removed on portion of Government 4.5 salary subject to tax. 3. Taxes on Property 3.1 Real estate taxes 3.11 Real property tax The tax is payable on the fair market Exemptions: State and municipal pro- V,luation Rate (Impuesp territorial) value of real estate (including land, perties, and tho. of the Boards of Up to 250,000 0.30% Law 27 of 1939 and amendments, fixtures, permanent structures, and Education, Central Bank and reli- 250,001 - 500,000 0.55 % in particular Law 4950 of 1972. plantings). The valuation is deter- gious institutions; housing construc- 500,001 - 3,000,000 0.80 % ined by the tax administration, or, ted by an employer for the benefit of 3,000,001 and above 1.05 % in its absence, by the owner's decla- his employees; property used for ins- ration, truction or welfare purposes. New Law 4340 of 1969 allocates 91.4 per dwellings, worth less than 0 30,000 cent of the proceeds from this tax to are exempt the first year, when they the municipalities, constitute the only real estate pro- perty of the owner. 3.12 Tax on uncuLtivated land A tax at pxogressive rates is applied E :emptionst parcels of land not Rates progress from 0.25 per (Impuesto sobre tierras to all lands not cultivated by the exceeding 100 hectares; lands used cent to 2.5 per cent on units incltau). owner or his tenants. for timber extraction; legitimate between 100 and 5,000 hectares. Law 2325 of 1961 and amend- Earmarked for the Land and Coloniza- reserves of timber companies; and ments. tion Institute. lands forming a watershed. Due to administrative difficulties this law is not applied in practice. 3.3 Death and gift taxes 3.31 Inheritance taxes (Impuesto Imposed on the net value of property Exempt from tax: transfera of mort- On transfers to an ascendent, sabre sucesiones) sod rights transferred causa mortis Rages and other tames on real property descendent cv spouse, rho rate Law 2 of 1914 and amendments; within Cents Rica, regardless of the made by nonresident aliens; transfers starts at I per cent on the Law 41 of 1943 and amendments; lscation of the property, and abroad in favor of the national boards nf edu- first 0 5,000 and rises through Law 2207 of 1953 when the property is located in Costa cation or welfare inntitctions created, a total of 12 brackets to 5 per Rica. Tax rates are function of amount maintained or supported by the Govern- nt on amounts over V 1 million. transferred and family relationship. nent; trasfers nf unclaimed estates, The rote in each bracket in Earmarked for the Medical Assistance which by Las pss to the boards of edu- inresed by half on transfer Institute, the University of Costa Rica, cation; transfers with a net vslue of to brorhers, sisters, cousins, and the local Scosol Beards, no mere than g 1,1000; and estates of aolntS or uncles, and in doubled accredited coaer diplomats nn the o transfers to other elatives brats of reciprocity, and strangers. In addition there is 2.5 per Deductions allowed inulude (1) funeral cent poportional tax on all and baral expenoes; (2) share of tie legacies. surviving spouse in the comsunity pro- perty; and (3) debts. 3.32 Gift tax (Impoesto sobre Tax on transfers inter vivos, o same Same rate ncale as the pro- dsnationes) base as imheritamnce-Tams. -The gift tax gresuive inheritance tan. Law 10 of 1937 and amendments. includee a set of roles desigued to ensure that situlared transfers for consideration among closely related persons oc their 1omp0ies will of treated as taxable gifts. 7.3 P roofrteciprocity. 2.51 Real property tranafer Lax A tax in imposed on the transfer of 0.2 per cent of value (TribuLa hoapitalariD) real estate und certain movable pro- Law 235a of 1961 and amend- pbrty and is charged on the value srt stated in the sontract. ih nt m value is declared or tan adtinistra- tion is empowered to determine it. Table 5.20: COSTA RICA: SIMRY OF TAX SYSTEM, 1973 Page 3 of 5 Tax Nature of tax Exemptions and Deductions Rates 4. Taxes on Goods and Services 4.1 Sales taxes 4.11 General sales tax Simple stage tax levied on retailers An extensive list of articles 5 per cent of sale price (Implesto sobre las ventas) with annual turnover of more than is exempt from taxation; orc i.f. import price. Law 3914 of 1967 and Law t 300, 000, and on wholesalers who including exports, items of prime 4961 of 1972. sell to small retailers. Sales necessity such as basic food- between registered traders are effec- stuffs and fuel used in the prepa- ted in suspension of tax, as are im- ration of food (except propane gas); ports by registered traders. Other drugs; educational material; farm imports are taxed. Only two types supplies such as seeds, fertili- of servicesare subject to tax: (a) zers, and veterinayproducts; agri- restaurants, night clubs, etc.; and cultural macuinery and implements. (b) repair of motor vehicles. 4.12 Tax on sales of beer, alco- Levied on the retail sale price of 10 per cent holic beverages and cigarettes beer, liquor and cigarettes, and (Impuesto hospitalario) Law earmarked for the Social Assistance 3914 of 1967 and amendments. Institute. 4.13 Consumption tax Manufactures sales tax levied at Exemptions: small artisan and 10 to 50 per cent, depending (Impuesto de conaumo ) factory and import level, on fctory exports. on degree of essentiality or Law 3282 of 1964 and amend- price or c,i.f. import value of an luxury nature of product. ments in particular Law extensive list of manufactured pro- 4961 of 1972. ducts, types of flour, cement, tires, motorcycle, and cer- tain building materials. 4.2 Excise taxes 4.21 Cigarettes Cigarettes aregtaxed atua fixed Domestic Products Rate (Impuesto sobre el consumo t pe package of 20 nits and the Domestic blends 9 0.4725 de cigarillos) Law 34 of proceeds are shared between the Foreign blends i 0.6925 1940 and amendments. Central Government, the Social Sec- Mixed blends 0 0.6925 o2 hy anstitutions, and other npeci- fied institutions. Collection of Foreig_ prodcts__0.312 the tax is effected through the use Of tax stamps. Preferential rates are granted for locally produced cigarettes and those using local raw materials. Domestic sroductb rate 4.22 Alc.ohol and alcoholic The production of alcohol and alco- Purchases by hospital and social Liquor beverages holic beverages is a state mono;oly assistance Institutions as well Aged 3-4 years 9 12.50 per 750cc unit (Impuestos sabre licores) and is subject to a number of dif- as exports are exempt. Alcohol Aged 1-2 years 9 12.00 per 750cc unit (varioua taxes) detent taxes. Excises also apply to for industrial use receives an Other t 7.70 per 750cc unit imported products, at higher rates. 85 per cent exemption. Cordials 0 5.00 per 750cc unit Some of the taxes areassigned eot Grape brandy e 20.50 per 1 liter specific purposes. unit Other brandies a 3.00 to e 4.25 per 1 liter unit Whisky 0 13.50 per I liter unit Alcohol d130 to 16.00 per L liter unit Forei2n Maoducts Sate Liquor Aged 3-4 years 12.50 per 750cc unit Aged 1-2 years 12.00 per 750cc unit Other C7.70 per 750cc unit Cordials C5.00 per 750cc unit Grape brandy L 10.50 per 9 liter unit Othe( brandies c 300 to n 5.00 per d liter unit Whisky 11350 per 1 liter unit 4.23 Beer Beer is subject to a tax based an The rate on all beet is a 0.55 per (Impuesto sabre voluye. In eddit on, imported beetr 12 o. can and proportionally higher consumo de cervpar) suffers an additional tax. Collection for larger containers. As additional Law e250 of 1970 and it through the use of tax stamps in charge of 0.25 per liter is made on amendments the case of local beat, while Imported imported beer beet is taxed at the time of cutom clraenc. 90.51 per cent of pro- ceeds go to Central Goverenent and th y test to the Social Rehabili- tation Council. 4.24 Carbonated drinks A tax is levied on the manufacture C 0.07 pet 12 oz. bottle. (Impuesto sobre el consumo of soft and carbonated drinks. de tefrescos ghseoans) Law 17 of 1941 4.25 Matches Taxation is levied on the production Export sales are exempt. D 0.055 per box of up to 40 wooden (Impuesto sabre f6eforo of matches for domestic use. CoLlec- units and b 0.1215 per box of up Y cerilloo) tion Is through the use of fiscal to 40 waxpaper units. Law 814 of 1969 sta0.9.2 4.26 Sugar A tax based Mn weight is levied on Sugar produced for export M 1.10 per quintal. (Impuesto sabre el consumF sugar produced for domestic conpump- is exempt. do aucer) Law 2719 of 1961 tIon. 4.27 Gasoline A specific tax is levied on petrol Export sales, sales to Gasoline C 1.7243 per gallon (impuesto sabre consumo leuma products produced by the no government and autonomous Kerosen: C 0.3636 per gallon de gasoline) "Recop" refinery intitutiona,and sales to Diesel Free Law 3126 of 1963 and the diplomatic are exempt. Gas (propane) 0 0.0818 per kilo Decree 8 of 1967 Bunker: 7 0.1376 per gallon Table 5.20s COSTA RICAI SUKARy OF TAX SySTMI, 1973 Page 4S of Tax Nature of tax Exemptions and Deductions Rates 4.28 Cement tax Of the tax on each 42.5 kg. beg o' Exemptions are gronted to Type of cement Tax pe of 42.5 ka. (Impuaesto sobra consume de cement produced in Cartago t 0.50 certain public autonomous Regular I 0 cemento) Law 3282 of 1964 are distributed among the unic- institutions, and domestic Pozzolana t 1.40 and amendments. institutions, and foreign companis with governeent contracts, among others. 4.6 Motor vehicle taxes (Impuesto do ruedo and Motor vehicles are taxed under Vehicles owned by the (a) Annual inspection fee t 3.00)For all others) Various laws. various laws. Receipts are shared central Governt and Mad licee tee 020.00)vahiclea between the Central Government, the members of the diplomatic (b) trucks are taxe.4 from 0 86 to C 336 Rod Cross, and the Mercedes Asylum. corps. depending on weight. In addition, fees which accrue to (c) buses sod automobiles in co ercial CentrAl Government are charged for use from r 132 to a 236,ndepending the annual vehicle inspection sd on seating capcity the road license. (d) buses, trucks, and automobiles in private use from C 132 to 8 162 depending on engine horsepower. 5. Taxes on Internation l Trad 5.1 Taxes on imoorts 5.11 Customs duties With few exceptions, import (a) Goods produced and imported Various. (Arancel de Adusna) duties are levied in accordance from Central America are exempt The tariff is subject with the NAUCA, classification under the terms of the Economic to the Central and at the rates specified in integration Treaty; (b) goods American Agreement on the uniform Central Amrican tar- imported by the Central Govern- gqualization of Import iff system. Ad valorem rates are ment, (c) all goods imported in Charges, 1963; applied on the c.i.f. value of accordance with the concession. the General Treaty on goods. Specific rates are levied granted under the Industrial Central American Economic on the bais of unit, weight, Development Law, and (4) goods Integration, 1963; and the or volume, under the contract with banana Protocols to these docu- companies. ments. 5.12 Import duty surcharge An additional duty is imposed on (a) Imports listed in the appen- 30 per cent of the amount of ths (Protocol do San JosW) imports from outside the Central dix of the Protocol of San Joe; import dutie. Law 4635 of 1970 American Mrket. and (b) imports covered in special laws, except imports covered in the Industrial Development Law, and the Central American Agree- ment for Industrial DevelopIent through Ficl Incentives o d its Protocols. 5.13 Consular feas These are levied on administrative, Various. (Timires consularns) notarial snd cod niercial contracts Law 46 of 1925 and 27 processed by the consular corps. 27 of 1967' 5.14 Levy on tax exempt imports A variable levy on imports by Imports of tax-exempt enterprises (Impuesto enterprises covered by the are applied ttes of 1 per cent or Lay de proteccion Industrial) Industrial Incentives Law, 10 per cent in cases of 99 per cent Law 2426 of 1959. gasoline and postal packages. end 90 per cent exoneration, respec- tively. Gasoline imports pay t 0.03 per gallon 5.2 Taxes on exorts 5.21 Coffee An ad valorem tax basd on the net anlort vhcce oar cuintt a (Impuesto mobre *1 caf& qua value of coffee sold for export is of 46 kilos Rate reciben lns beneficioV imposede ht value is determined Up to US$35.00 oeb and other minor leviee) by deducting from the contract sal! US$35.00 -US$37.49 2.5 per cent Law 209 of 1953, Law 2802 price the amount of any fees and US$37.50 US$39.99 5.0 per cent of 1961 and Law 3380 of taxesand prem i US$40 00 t pUS$42.49 7.5 per cent 1964. costa Law 3380"7f1964 ..t.bli.b.d US$42 50 and above 10.0 per cent an addAtional tax on each quintal exported and allocated its proceedf to the Coffee Institute. 5.22 Sugar An ad valore( tax is levibd on the 7.5 per cent of value. (Impuesto a Ia exportacion de f.o.b. value of each quintal of attcar) sugar exported. Law 2802 of 1961 5.23 Bananas A specific tax is levied on the exports US$0.02 per sem. (Impuesto a Ia exportacion de of bananas. bananas) Law 1738 of 1954 5.24 Seafood (1) Tuna fish A specific tax is levied on the ex'ort The rate vane from U00.25 to Law 3043 of 1962 of tuna fish caught in Costa Rican US$1.00 per ton, depending on the watedr n tionality of the ship and it (2) Shrimp and lobstgr A specific tax is levied on the exoorts crew. Law 3034 of 1962 of shrimp and lobsters. t 0.03 par kiln. (3) Fish A specific tax is levied on the export US$2.0 per thousand gross kilos Law 1738 of 1954 of refrigerated or frozen fish, if the fish hav,e beon processed in Costa Rica, US$5.50 per thousand gross kilos if the fish ahve not been processed. Table 5 20: COSTA RICA SUMMARY OF TAX SYSTEM, 1973 P,ge 5 of 5 Tax Nature of tax Exemptions and Deductions Rates 5.25 Cattle Tax to raise funds to control 4 4 per ead. young bull exported (Timbre pro-prevenci6n and prevent cattle diseases y control de la enfermedades en &l ganado vacuno) Law 4648 of 1970 Note: The exchange rate is 0 6-65 per US$ in the official market and 0 8.60 in the free market. Sources: I.E.C E,S., Resumen de la Legislaci6t Tributiria Costarricens 1900-1970, Lilia Montero Umaha, San Jose, November 1972; Contraloria General de Ia Republics, Presupuesto de Ingresos 1973, San Jos, June 1972.  Table 5.21 COSTA RICA: NUMBER OF INCOME TAX RETURNS FILED, 1964-72 (In thousand units) Tax Year Ending September 30.1/ 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total returns, led 55.3 58.2 62.5 64.7 69.3 73.5 78.6 115.52/ 54.92/ Wage-earners- 41.0 43.4 46.8 48.3 52.7 56.4 60.7 n.a. n.a. Self-empl?yed- 11.3 11.5 12.1 12.6 12.6 12.6 13.0 n.a. n.a. Companies- 3.0 3.3 3.6 3.8 4.0 4.5 4.9 n.a. n.a. With tax liability 33.9 36.2 40.9 43.7 48.5 52.9 58.9 n.a. n.a. Wage-earners 24.6 27.0 30.7 32.9 37.0 40.9 45.9 n.a. n.a. Self-employed 6.9 6.7 7.4 7.7 8.2 8.3 9.0 n.a. n.a. Companies 2.4 2.5 2.8 3.0 3.3 3.6 4.0 n.a. n.a. Without tax liability 21.4 22.0 21.6 21.0 20.9 20.6 19.7 n.a. n.a. Wage-earners 16.4 16.4 16.1 15.4 15.7 15.5 14.8 n.a. n.a. Self-employed 4.4 4.8 4.7 5.0 4.4 4.3 4.0 n.a. n.a. Companies 0.6 0.8 0.7 0.8 0.7 0.9 0.9 n.a. n.a. 1/ The tax year is from October 1 to September 30 of the following year. The data in this table cover returns filed for the current tax year only, and received by the Tax Office up to March 31 of the following year. 2/ Estimated on the basis of returns filed by December 31. 3/ Includes persons living on pensions. 4/ Professions, sole proprietorships, natural persons living on business and property incomes. 5/ Partnerships and corporations. Source: Ministry of Finance and IBRD mission estimates.  Table 5.22 COSTA RICA: PRINCIPAL INCOME TAX STATISTICS, 1964-7111 Page 1 of 2 Tax Year Ending September 30 - 1964 1965 1966 1967 1968 1969 1970 1971 I. WAGE-EARNERS' RETURNS (In millions of current colones) Total gross income declared (all returns) 573.0 635.8 725.7 798.1 903.3 1,009.9 1,146.5 1,392.7 Returns with tax liability: Gross income 436.3 494.1 582.5 660.0 761.5 869.4 1,008.8 1,234.4 Personal exemptions n.a. n.a. n.a. 278.3 314.8 349.9 396.8 n.a. Personal deductions n.a. n.a. n.a. 81.8 91.1 107.4 123.3 n.a. Taxable income 185.9 212.1 257.1 299.9 355.6 412.1 488.7 590.4 Tax liability 9.6 11.2 13.7 16.8 21.1 25.0 30.7 37.9 (In_atr cent) Share of gross income subject to tax in total declared 76.1 77.7 80.3 82.7 84.3 86.1 88.0 88.6 Share in gross income subject to tax: Personal exemptions n.a. 2.a. n.a. 42.2 41.3 40.2 39.3 n.a. Personal deductions n.a. n.a. n.a. 12.4 12.0 12.4 12.2 n.a. Taxable income 42.6 42.9 44.1 45.4 46.7 47.4 48.5 47.8 Average effective tax rate on taxable returns: On gross income 1.83 2.27 2.35 2.55 2.77 2.88 3.04 3.07 On taxable income 5.16 5.28 5.33 5.60 5.93 6.07 6.28 6.42 II. SELF-EMPLOYED RETURNS (In millions of current colones) Total gross income declared (all returns) 1,220.9 1,246.3 1,335.5 1,405.4 1,486.5 1,509.1 1,649.2 1,791.3 Returns with tax liability Gross income 977.1 1,0L7.0 1,117.8 1,168.1 1,247.1 1,275.9 1,454.1 1,571.4 Personal exemptions n.a. n.a. n.a. 68.9 72.5 73.9 80.2 n.a. Personal and business deductions n.a. a.a. n.a. 989.9 1,051.0 1,070.2 1,222.1 n.a. Taxable income 92.7 p8.9 107.4 109.3 123.6 131.8 151.8 156.8 Tax liability 8.0 7.6 9.5 9.1 10.9 11.6 13.7 13.7 (In per cent) Share of gross income subject to tax in total declared 80.0 61.6 83.7 83.1 83.9 84.6 88.2 87.7 Share in gross income subject to tax: Personal exemptions n.a. n.a. n.a. 5.9 5.8 5.8 5.5 n.a. Personal and business deductions n.a. n.a. n.a. 84.7 84.3 83.9 84.1 n.a. Taxable income 9.5 8.7 9.6 9.4 9.9 10.3 10.4 10.0 Average effective tax rate on taxable returns: On gross income 0.82 0.75 0.85 0.78 0.87 0.91 0.94 0.87 On taxable income 8.63 5.55 8.85 8.33 8.82 8.80 9.03 8.74 Table 5. 22: COSTA RICA: PRINCIPAL INCOME TAX STATISTICS, 1964-71 Page 2 of 2 1964 1965 1966 1967 1968 1969 1970 1971 III. COMPANY RETURNS (In millions of current colones) Total gross income declared (all returns) 3,353.8 3,647.2 4,164.0 4,551.6 5,523.4 6,283.0 7,896.5 8,822.6 Returrswith tax liability: Gross income 2,982.5 3,214.6 3,674.0 3,993.8 4,717.8 5,398.8 6,677.4 7,280.2 Business deductions 2,765.4 2,988.5 3,413.9 3,728.0 4,401.7 5,019.6 6,211.9 6,810.2 Taxable income 217.1 226.1 260.1 265.8 316.1 379.2 465.5 470.0 Tax liability 42.2 46.1 55.4 54.9 66.1 81.2 101.7 100.9 (In per cent) Share of gross income subject to tax in total declared 88.9 88.1 88.2 87.7 85.4 85.9 84.6 82.5 Share in gross income subject to tax: Business deductions 92.7 93.0 92.9 93.3 93.3 93.0 93.0 93.5 Taxable income 7.3 7.O 7.1 6.7 6.7 7.0 7.0 6.5 Average effective tax rate on taxable returns: On gross income 1.41 1.50 1.51 1.37 1.40 1.50 1.52 1.39 On taxable income 19.41 21.27 21.30 20.65 20.91 21.41 21.85 21.47 IV. ALL INCOME TAX RETURNS (In millions of current colones) Taxable income 495.8 527.0 624.6 675.0 795.3 923.0 1,106.0 1,217.3 Tax liability 59.8 66.8 78.7 80.9 98.1 117.8 146.1 152.5 (In per cent) Average effective tax rate on taxable income 12.06 12.68 12.60 11.99 12.33 12.76 13.21 12.53 Share in taxable income: Wage earners 37.5 40.2 41.2 44.4 44.7 44.6 44.2 48.5 Self-employed 18.7 16.9 17.2 16.2 15.5 14.3 13.7 12.9 Companies 43.8 42.9 41.6 39.4 39.8 41.1 42.1 38.6 Share in tax liability: Wage earners 16.0 16.8 17.4 20.8 21.5 21.2 21.0 24.8 Self-employed 13.4 11.4 12.1 11.3 11.1 9.9 9.4 9.0 Companies 70.6 72.0 70.5 67.9 67.4 68.9 69.6 66.2 1/ Based on tax returns filed for each tax year and received by March 31 of the following year. 2/ Preliminary. Source: Ministry of Finance. Table 5.23 : COSTA RICA: PERSONAL INCOME TAX STATISTICS BY GROSS INCOME BRACKET, 1970- Average Effective Tax Rate Cumulative Distribution Number of Gross Personal Taxable Tax Ratio to Gross Income On Taxable Number of Gross Taxable Tax Gross Income Bracket Taxpayers Income Exemptions Deductions Income Liability Allowances Deductions On Gross Income Income TaxpaVers Income Income Liability 2// (I_n__colones) (Inunt) (in thousands of colones) (In per cent) 0 - 5,000 55 182 365 .. 86 1 200. 2/ 0.55 1.00 0.1 - - - 5,001 - 7,500 2,802 18,455 15,310 .. 2,898 30 85.1 0.16 1.02 6.2 1.8 0.6 0.1 7,501 - 10,000 6,134 54,074 39,528 1,378 13,168 143 73.1 2.6 0.26 1.08 19.6 7.2 3.3 0.6 10,001 - 12,500 6,916 78,094 51,700 4,038 22,356 294 66.2 5.2 0.38 1.31 34.7 14.9 7.9 1.6 12,501 - 15,000 6,668 91,550 56,070 6,583 28,897 462 61.2 7.2 0.50 1.60 49.2 24.0 13.8 3.1 15,001 - 17,500 4,645 75,177 42,439 6,782 25,156 500 56.4 9.0 0.67 1.92 59.3 31.5 19.1 4.7 17,501 - 20,000 3,372 63,055 32,521 6,132 24,402 566 51.6 9.7 0.90 2.32 66.6 37.8 24.1 6.5 20,001 - 22,500 2,549 54,064 25,433 5,972 22,659 607 47.0 11.0 1.12 2.68 72.2 43.2 28.7 8.5 22,501 - 25,000 1,924 45,709 19,030 5,093 21,586 690 41.6 11.1 1.51 3.19 76.4 47.7 33.1 10.7 25,001 - 27,500 1,454 38,108 14,738 4,910 18,460 648 38.7 12.9 1.70 3.51 79.6 51.5 36.9 12.8 27,501 - 30,000 1,175 33,762 12,115 4,394 17,253 676 35.9 13.0 2.00 3.92 82.2 54.8 40.4 15.0 30,001 - 32,500 984 30,765 10,278 4,183 16,304 701 33.4 13.6 2.28 4.30 84.3 57.8 43.7 17.3 32,501 - 35,000 764 25,749 8,127 3,686 13,936 643 31.6 14.3 2.50 4.61 86.0 60.4 46.6 19.4 35,001 - 40,000 1,313 49,136 13,471 6,887 28,778 1,533 27.4 14.0 3.12 5.33 88.9 65.3 52.5 24.4 40,001 - 45,000 971 41,089 10,211 6,554 24,324 1,438 24.8 16.0 3.50 5.91 91.0 69.4 57.5 29.1 45,001 - 50,000 744 35,351 7,870 5,901 21,580 1,421 22.3 16.7 4.02 6.58 92.6 72.9 61.9 33.7 50,001 - 55,000 617 32,355 6,661 4,943 20,751 1,510 20.6 15.3 4.67 7.28 93.9 76.1 66.1 38.6 55,001 - 60,000 488 28,046 5,184 3,624 18,238 1,435 18.5 12.9 5.12 7.87 95.0 78.9 69.8 43.3 60,001 - 65,000 365 22,821 3,992 4,057 14,772 1,229 17.5 17.8 5.39 8.32 95.8 81.2 72.8 47.3 65,001 - 70,000 294 19,835 3,174 3,559 13,102 1,163 16.0 17.9 5.86 8.87 96.4 83.2 75.5 51.1 70,001 - 75,000 263 19,076 2,875 3,471 12,730 1,191 15.1 18.2 6.24 9.35 97.0 85.1 78.1 55.0 75,001 - 100,000 769 65,857 8,439 12,852 44,566 4,693 12.3 19.5 7.13 10.53 98.7 91.6 87.2 70.3 100,001 - 125,000 305 33,638 3,364 6,857 23,417 2,905 10.0 20.4 8.64 12.40 99.4 94.9 92.0 79.8 125,001 - 150,000 160 21,802 1,830 3,965 16,007 2,263 8.4 18.2 10.38 14.14 99.7 97.1 95.3 87.2 150,001 - 200,000 107 18,220 1,193 3,211 13,816 2,246 6.6 17.6 12.33 16.26 99.9 98.9 98.1 94.5 200,001 - 250,000 18 4,001 215 980 2,806 500 5.4 24.5 12.50 17.82 99.9 99.3 98.7 96.1 250,001 - 300,000 15 4,059 167 1,425 2,467 468 4.1 3.5 11.53 18.97 99.9 99.7 99.2 97.6 300,001 - 350,000 4 1,284 48 149 1,087 231 3.7 11.6 17.99 21.22 99.9 99.8 99.4 98.4 350,001 - 400,000 2 797 17 61 719 165 2.1 7.6 20.70 22.90 99.9 99.9 99.5 98.9 400,001 - 450,000 3 1,258 39 17 1,202 283 3.1 13.5 22.50 23.50 99.9 100.0 99.7 99.8 Over 450,000 2 _ 20 1,00 365 74 1.4 72.2 5.34 20.32 100.0 100.0 100.0 100.0 TOTAL 45,882 1,008,757 396,826 123,241 488,690 30,705 39.3 12.2 3.04 6.28 .. 1/ Tax paying returns filed for tax year ending September 30, 1970, by wage-earners and retired persons. 2/ Allowances and deductions exceed gross income in the aggregate, in the two lowest brackets. Source: Ministry of Finance. Tabl 5. 24 : Costa Rica: Personal Income Tax Schedule and Effective Rates Average Tax on Lower Effective Rate Limit of at Lower Limit Rate Taxable Income of Taxahle Income Taxable Income Bracket Schedule Bracket Bracket (In colones) (In per cent) (In colones) (In per cent) Over but not over 0- 5,000 5 - - 5,000 - 10,000 7 250 5.00 10,000 - 20,000 9 600 6.00 20,000 - 30,000 12 1,500 7.50 30,000 - 45,000 16 2,700 9.00 45,000 - 75,000 20 5,100 11.33 75,000 - 110,000 24 11,100 14.80 110,000 - 150,000 28 19,500 17.73 150,000 - 200,000 32 30,700 20.47 200,000 - 250,000 38 46,700 23.35 250,000 - 350,000 44 65,700 26.28 350,000 and over 50 109,700 31.34 Source: Income tax law (Law 4961 of February 1972). Table 5.25 : COSTA RICA: PERSONAL INCOE TAX LIABILITY AT SELECTED INCOME LEVELS- 1972 Income Tax Law Previous Income Tax Law Personal Taxable Tax Personal Taxable Tax Gross Income Exemptions Deductions Income Liability Exemptions Deductions Income Liability (In colones) 15,000 15,500 2,250 2/ 7 2! 10,000 1,200 3,800 46 25,000 15,500 3,750 5,750 303 10,000 3,000 12,000 360 50,000 15,500 7,500 27,000 2,340 10,000 8,000 32,000 2,190 100,000 15,500 15,000 69,500 10,000 10,000 20,000 70,000 8,030 200,000 15,500 15,000 169,500 36,940 10,000 36,000 154,000 26,240 (In percent of gross income) 15,000 103.3 15.0 - - 66.7 8.0 25.3 0.31 25,000 62.0 15.0 23.0 1.21 40.0 12.0 48.0 1.44 50,000 31.0 15.0 54.0 4.68 20.0 16.0 64.0 4.38 100,000 15.5 15.0 69.5 10.00 10.0 20.0 70.0 8.03 200,000 7.8 7.5 84.8 18.47 5.0 18.0 77.0 13.12 1/ Hypothetical income tax liability for a married taxpayer with 2 children, using 15 per cent standard deduction (up to 0 15,000 maximum) under 1972 law. Under the previous income tax law, the taxpayer is assumed to be using the average percentage deduction observed in his income bracket in the tax year ending 1970 . 2/ The 1972 income tax law raised the minimum gross income filing requirement to 0 15,000. Source: Income tax law. Table 5.26 : Costa Rica: Company Income Tax Statistics Total Average Effective Number Total Tax Tax Ratel of Taxable Liability Rate Schedule Estimated Actual Taxpayer Income in Enacted Previous at 1972 at 1970 Taxable Income Bracket in Bracketl/ in Bracket!/Bracket/ 1972 Schedule Rate Rate (In colones) (In per cent) Over But not over 0 - 50,000 65.8 10.0 2.7 5 1-16 5.00 5.82 50,000 - 180,000 22.7/ 18.12 11.42/ 20 17-26 11.81 13.82/ 180,000 - 500,000 7.83/ 19.2' 18.93/ 35 26-29 22.78 21.523/ 500,000 - 1,000,000 ) 35 30 ) ) 3.7 52.7 67.0 ) ..4 27.79 1,000,000 and over ) - - - - 40 30 ) TOTAL 100.0 100.0 100.0 .. .. .. 21.85 1/ Based on taxpaying returns filed for tax year ending September 30, 1970. 2/ Refers to 9 50,000-0 175,000 taxable income bracket. 3/ Refers to 0 175,000-9 500,000 taxable income bracket. 4/ The absence of a breakdown of number of taxpayers and total taxable income in range over 0 500,000 makes it impossible to estimate the rate on the larger companies. How close it gets to the 40 per cent top marginal rate enacted in 1972 depends on exact degree of concentration of taxable income at very upper end of income scale. Source: Ministry of Finance; income tax law; and IBRD mission estimates. Table 5.27 : Costa Rica: Income Tax by Sector, 1970 (In per cent) GDP Ratio of at Tax Tax Market to Liabilityl/ Prices GDP TOTAL 100.0 100.0 2.33 Agriculture 8.4 23.1 0.84 Manufacturing and mining 32.4 19.3 3.92 Trade 35.6 16.7 4.99 Construction 0.9 4.5 0.47 Electricity, gas and water 0.6 1.7 0.82 Transport, storage and communication 3.1 4.0 1.80 Public administration 7.3 10.9 1.56 Other services 4.0 13.1 0.71 UnclassifiedZ/ 7.7 6.7 2.66 1/ Assessed liability on all returns (including those of wage earners) filed for tax year ending September 30, 1970, by March 31, 1971, cut-off-date. 2/ Includes interest and rental incomes. Source: Ministry of Finance and Appendix Table 2, 3. Table 5. 28 : COSTA RICA: REAL PROPERTY TAX STATISTICS, 1960-70 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 (In millions of current colones) Assessed property valuation 3,522.4 3,866.9 4,142.8 4,814.7 5,532.0 5,883.0 6,080.5 6,347.9 6,707.1 7,355.7 8,004.3 8,545.1 8,827.7 Tax liability 14.5 14.4 17.9 19.8 27.5 26.5 28.2 29.9 31.0 33.8 37.3 40.2 41.1 (In per cent) Effective tax rate 0.41 0.37 0.43 0.41 0.50 0.45 0.46 0.47 0.46 0.46 0.47 0.47 0.47 (In millions of current colones) Anuual increase in property assessments 423.5 344.0 275.8 671.9 717.3 351.0 197.5 267.4 359.2 648.6 648.5 541.6 281.8 Taxpayer declarations and routine procedures 218.9 178.0 181.2 543.8 534.3 153.9 181.6 265.0 227.7 274.6 359.7 332.3 n.a. Tax office reappraisals 204.6 166.0 94.6 128.1 183.0 197.1 15.9 2.4 131.5 374.0 288.8 209.3 n.a. (In per cent of previous year's property valuation) Annual increase in property .. 9.8 7.1 16.2 14.3 6.3 3.4 4.4 5.7 9.7 8.8 6.8 3.3 assessments Taxpayer declarations and routine procedures 5.1 4.7 13.11/ 10.51/ 2.7 3.1 4.4 3.6 4.1 4.9 4.2 n.a. Tax office reappraisals 4.7 2.4 3.1 3.8 3.6 0.3 - 2.1 5.6 3.9 2.6 n.a. 1/ Compulsory revaluation by taxpayer declaration. Source: Ministry of Finance. Table 5.29 : COSTA RICA: REAL PROPERTY TAX: DISTRIBUTION OF TAXPAYERS BY AMOUNT AND RATE OF TAX, 1972 Tax Rate Tax per Tax Bracket Number of Taxpayers Assessed Property Tax Liability Nominal Effective Taxpayer (In colones) 1,000 Per cent 8 million Per cent 0 million Per cent (In per cent) (In colones) 10,001 - 20,000 46.7 41.7 646.7 7.3 1.9 4.7 0.30 0.30 41 20,001 - 250,000 60.6 54.1 3,980.6 45.1 11.9 29.1 0.30 0.30 197 1/ 250,001 - 500,000 2.8 2.5 995.3 11.3 3.7 8.9 0.55- 0.37 1,314 500,001 - 3,000,000 1.8 1.6 2,003.6 22.7 12.4 30.2 0.801/ 0.62 6,937 1/ 3,000,001 and over 0.1 0.1 1,201.3 13.6 11.2 27.1 1.05- 0.93 7,5963 Total 112.0 100.0 8,827.7 100.0 41.1 100.0 .. 0.47 367 1/ Marginal rate applied on valuation in excess of upper limit in preceding bracket. Table 53Q COSTA RICA: REAL PROPERTY TAX VALUATION: TAX OFFICE REAPPRAISALS, 1968-72 1/ 1968 1969 1970 1971 1972 (In millions of current colones) Registered value oE reappraised property 10:3 967 706 410 350 Peappraisei value 1427 1[82 1004 651 645 (In per cent) Adlustient coefficient +39.4 +32.6 +42.2 +58.8 +84.3 Per cent of tax base subjected to reappraisal 15.2 13.2 8.8 4.8 4.0 1/ Half year only. Source: Ministry of Finance. Table 5,31 : Costa Rica: Number of Firms Registered a Taxpayers Under Consumption and Sales Taxes, 1968-71 Consumption Sales Tax Tax 1968 n.a. 2,743 1969 171 1,814 1970 158 1,687 1971 191 1,749 1972 296 1,538 1/ Number of registrations as of December 31. Source: Ministry of Finance. Table 5.32 : Costa Rica: Sales Tax: Breakdown of total Sales and Tax Due by Registered Firms, 19711/ Sales Tax Due In millions In In millions In of colones per cent of colones per cent Total gross sales declared 6,260.5 .. .. .. Intermediate sales2/ 1,312.8 Final sales 4,947.7 100.0 115.0 100.0 Exempt 3,014.7 60.9 - - Exports (753.0) (15.4) ( - ) ( - ) Otheri/ (2,251.7) (45.5) - ) - ) Taxable 1,933.0 39.1 115.0 100.0 at 5 per cent (1,808.5) (36.6) (90.4) (78.6) at 10 per cent (43.9) (0.9) (4.4) (3.8) at 25 per cent (30.6) (1.6) (20.2) (17.6) 1/ Based on returns filed for January-December. Actual payments take place with a two-month lag. 2/ Sales to other registered firms are effected in suspension of tax. 5/ Sales of products exempt by law, and sales to government agencies. Source: Ministry of Finance. Tablz 5.33 : Costa Rica: Sales Tax: Sales by Registered Firms According to Economic Sector, 19711/ Inter- Other Distribution Ratio o Total mediate Exemp- Taxable of Taxable Taxable to Sector Gross Sales Sales!/ Exports tions Sales Sales Gross Sales (In millions of colones) (In per cent) Agriculture 90.5 6.2 64.6 18.4 1.3 0.1 1.4 Manufacturing 2,416.4 620.7 452.8 821.2 521.7 27.0 21.6 Commerce 3,625.2 671.7 243.3 1,388.3 1,321.9 68.3 36.5 Services 94.6 4.7 1.3 15.2 73.4 3.8 77.6 Other 33.8 9.5 1.0 8.6 14.7 0.8 43.5 Total 6,260.5 1,312.8 763.0 2,251.7 1,933.0 100.0 30.9 1/ Returns filed for January-December, 2/ Sales to other registered firms. Source: Ministry of Finance. Table 5.34 : Costa Rica: Consumption Tax Liability on Domestic Sales by Rate Category, March-October 19721/ Tax In millions In per cent Rate Category of colones of 9msS liability 10 per cent 20.2 41.1 20 per cent 1.6 3.3 30 per cent 6.0 12.2 40 per cent 4.5 9.2 50 per cent - 2/ Specific rates3/ 5.8 11.8 Vehicles4/ 10.3 21.0 Unclassified 0.7 1.4 Total gross liability 49.1 100.0 Tax credits5/ 7.2 14.7 Net liability 41.9 85.3 1/ Tax accrued according to returns filed for March-October. Actual pay- ment takes place with a two-month lag. 2/ Less than 0.1 million. 3/ Certain types of 1our, cement,tires, motorcycles, and certain building materials. 4/ Taxed at 15, 40, and 50 per cent rates, depending on type and weight. 5/ Credit allowed for tax paid on purchases of raw materials and components. Source: Ministry of Finance. Table 5.35: COSTA RICA: IMPORTS AND IMPORT DUTIES, 1962-72 (In millions of current colones) 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total imports 753 823 922 189 1 13 I 21 2 2,485 Central American imports 21 25 56 102 159 241 332 348 472 518 523 Extra regional imports 732 798 866 1,087 1,038 1,041 1,098 1 289 1,647 1818 1 962 Exempt 186 216 306 480 483 549 595 696 889 1,058 n.a. Industrial incentives- (60) (77) (133) (289) (277) (343) (352) (423) (606) (844) n.a. Other exemptions2/ (126) (139) (173) (191) (206) (206) (243) (273) (283) (214) n.a. Dutiable 546 582 560 607 555 492 503 593 758 760 n.a. Total duties 253 278 332 367 375 367 453 504 770 980 n.a. Remitted 59 70 131 151 159 187 292 324 526 720 n.a. Industrial incentives- (9) (14) (37) (66) (79) (99) (183) (227) (390) (579) n.a. Other (50) (66) (94) (85) (80) (88) (109) (97) (136) (141 n.a. Collected 194 208 201 216 216 180 161 180 244- 26 214/ (In pcr ccat) Share in total imports: Central American imports 3 3 6 9 13 19 23 21 22 22 21 Industrial incentives exemptions 8 9 14 24 23 27 25 26 29 36 n.a. Other exemptions 17 17 19 16 18 16 17 17 13 9 n.a. Dutiable imports 72 71 61 51 46 38 35 36 36 32 n.a. Average duty collected On dutiable imports 35.5 35.8 35.9 35.6 39.0 36.5 32.0 30.4 32.2 34.2 n.a. On all extra-regional imports 26.5 26.1 23.2 19.9 20.8 17.3 14.7 14.0 14.8 14.3 10.9 On total imports 25.8 25.3 21.8 18.2 18.0 14.0 11.3 11.0 11.5 11.1 8.6 Average duty remitted On industrial incentives imports 15.0 18.2 27.8 22.8 28.5 28.9 52.0 53.7 64.4 68.6 n.a. On other exempt imports 39.7 47.4 54.3 44.5 38.8 42.7 44.9 35.5 48.0 65.9 n.a. 1/ Including petroleum imports of Costa Rican Oil Refining Company, beginning in 1967. 2/ Chiefly public sector and banaha company imports. 3/ Not including duties waived according to Central American free trade treaties. 4/ Including 30 per cent duty surcharge of Protocole of S. Jos6. Source: Ministry of Finance. Table 5.36 :COSTA RICA: BANANA COMPANY INCOME TAX, 1962-78 ActualS 1962 1963- 196L 1965 1966 1967 1968 1969 1970 1971 197' Tax payments (in 9 million) 1.4 2.0 1.2 1.9 4.9 6.5 11.6 18.3 17.6 1.0 3.1 Tax due-1 (in 9 million) 5.5 5.0 2.7 2.9 5.6 7.3 11.8 1..8 14.4 4.2 3.1 Value of banana exports (in V million) 178.1 170.8 187.3 137.3 193.3 204.6 283.3 340.9 442.2 423.7 564.7 Ratio of tax due to export value (in per cent) 3.1 2.9 1.4 1.6 2.9 3.6 4.2 4.3 3.3 1.0 1.4 Estimated tax base2/ (in 9 million) 10.3 16.7 9.0 9.7 18.7 14.3 39.3 49.3 48.0 14.0 27.0 Volumne of exports (in millinn boxes) 13.2 12.4 16.2 15.7 16.3 17.2 26.0 33.5 42.1 46.8 55.3 Apparent taxed profit per box (in colones) 1.40 1.35 0.63 3.62 1.15 1.41 1.51 1.47 1.14 0.30 0.49 Average export price (in US$) 2.05 2.07 2.00 1.81 1.79 1.80 1.65 1.54 1.59 1.37 1.54 Prolections 1973 1974 1975 1976 1977 1978 Export volume (in million boxes) 54.9 56. 58.3 60.0 61.8 63.7 3/ Estimated tax base:3 At current 60:40 profit split (in 9 ri'-ion) 27.4 2.3 29.2 30.0 30.9 31.8 At hypothetical 66:34 split (in million) 30.1 31.1 32.1 33.0 34.0 35.0 Tax yield: At current profit split and: 30 per cent tax rate 8.2 3.5 3.3 9.0 9.3 9.5 35 " 9.1 9.9 10.' 10.5 10.8 11.1 40 11.0 11.3 11.7 12.0 12.4 12.7 At 66:34 profit split and: 30 per cent tax rate 9.0 9.3 9.6 9.9 10.2 10.5 35 " " 10.5 10.9 11.2. 11.6 11.9 12.2 40 " 12.0 12.4 1 .8 13.2 13.6 14.0 I/ Differs from actual payments because of retentions by the banana companies in naymenP of 1ons made to the rent-ql governmnt, and fnilvre o kpe ectinated tax installments up to actual liability in some years (compensated by larger payments in other years). / stimate. on basis of tax due and tax rate (30 per cent). 3/ Assumes average exporL price of US$1.50 per box and taxed profit per box of 1 0.50 at 60:40 split and 4 0.55 at 66:34. Source: Ministry of Finance; Apiendix Table 7.5 and IBRI) mission estimates. Table 6.1: COSTA RICA: STRUCTLRE OF THE FINANCIAL SYSTEM Page 1 of 2 Total Assets: Sept.30, 1972 Name of Entity (to millions of colones) Number of Branches Functions and Structure I. Banking System 1. Central Bank of Costa Rica 1,401.7 1 The Bank was established in 1950. The Bank is administered by a seven-member Board of Directors; the Director of Planning and the Minister of Finance are ex-oficio members, the Government appointing for an eight-year term the remaining five members, three of which are suggested by the main opposition party. The Board elects a president and vice president from among its members and it also designates for a six-year term a manager and deputy manager. The commercial banks may appoint one delegate each to partici- pate in the Board discussions but without the right to vote. The Bank has the normal functions and powers of a central bank with regard to the issue of currency and relations with the rest of the banking system. It has also control over the most important operations of the private investment companies. The Bank has also been given policy instruments for correcting balance of payments disequilibrium and is empowered to establish qualitative and quantitative controls on imports. 2. Government owned commercial banks 3,194.1 135 The four government-owned commercial banks are organized and managed as autonomous state entities. They Banco Nacional de Costa Rica 1,522.1 99 are administered by Boards of Directors appointed by the Government for a term of eight years. The managers Commercial Department 1,040.3 and deputy managers of the banks are designated by their respective Boards for terms of six years. All four Mortgage Department 204.4 banks have at least a commercial and mortgage department, the latter being always of lesser importance. In Rural Credit Department 218.7 addition, the Banco Nacional de Costa Rica has rural credit and cooperative departments reflecting the bank's Cooperative Department 58.7 extensive network of branches covering the entire Republic; this bank also administers a former mortgage Banco de Costa Rica 914.5 17 bank which is in process of liquidation. In early 1971, the four banks opened investment sections. The Commercial Department 843.8 Banco Credito Agricola de Cartago also temporarily serves as an agent for DECAP, the head organization of Mortgage Department 70.7 the new system of savings and loan associations. Banco Anglo-Costarricense 561,0 13 Commercial Department 512.2 Mortgage Department 48.8 Banco Credito Agricola de Cartago 196.5 6 Commercial Department 173.6 :iortgage Department 22.9 3. Foreign owned commercial banks 16.9 2 Foreign commercial banks cannot accept deposits from the domestic private sector and are thus limited to operating with their own foreign capital resources and credit obtained from the parent bank. Banco Lyon 4.8 1 French owned. Bank of America 12.1 1 US owned. II. Other Financial Intermediaries 4, National Insurance Institute (INS) 394,6 7 State-owned company which has the monopoly of the country's insurance business since 1925. Much of the risk-carrying is effected against its own assets and reserves, although the Institute has carried re- insurance abroad, particularly on export and fire risks, In 1970, the Institute introduced insurance coverage for a broad range of risks on investments in the agricultural sector. Because of its high risk nature and although premiums are high, this service is partly subsidized by the Government. The Institute grants loans to insured persons for the construction of middle-income homes. Such loans are made up to 80 percent of construction cost, to a maximum of 0100,000, at an annual rate of interest of 6 percent and a maturity of 15-20 years. Loans can also be obtained for the purchase and repair of existing properties at a rate of 6 percent. Some commercial loans at 8 percent 4re also made. 5 National Housing and Urban Institute (INVU) 269.8 ... A state-owned entity which was established for the purpose of constructing houses for low-income workers, although a minimum income requirement is set for prospective purchasers, Its loan operations are mainly financed out of its own capital and reserves. The Government's contribution to the Institute has, since 1965, been made in the form of ordinary subsidies, partly through government bonds. The Institute has further suppleaented these resources with drawings on loans from the BCIE and IDB. 6. Community Development Bank (BPDC) 87,0 5 This Bank was founded in order to provide lower income workers with access to bank credit at reasonable cost and began operating in September 1969. The funds of the Bank come from three sources: (1) obligatory savings deposits which originate in a 1 percent levy (payable by the wage earner) on wages and salaries paid by the private and public sectors; (2) an additional charge of 1/2 percent on the same payrolls, paid by the employer, 70 percent of which goes to the Bank's capital and 30 percent towards payment of interest on savings deposits; (3) voluntary savings deposits. All deposits are subject to a 10 percent legal reserve requirement which may be discharged in the form of deposits with the commercial banks. In October 1971 the BPDC reduced the rate of interest paid on obligatory savings deposits during any six months period are limited to the accumulations during that period. The Bank charges 9 percent for housing loans, 10 percent for investment loans and 12 percent for consumer loans. By far most of the Bank's lending activity is for housing with a maximum maturity of 20 years and a limit of 030,000; this limit is presently under revision. Also, the Bank is currently trying to arrive at a uniform rate of 12 percent for ill types of loans. Table 6.1! COSTA RICA: STRUCTURE OF THE FINANCIAL SYSTEM Page 2 of 2 Total Assets: Sept.30, 1972 Name of Entity (in millions of colones) Number of Branches Functions and Structure 7. National Teachers Association (ANDE) 30.0 1 The Association is privately owned and has approximately 20,000 memibers throughout the country. The Association makes loans to its members mainly for housing construction and personal credits. Its loanable funds are derived mainly from the sale of capital shares to its members. 8. Private Investment Companies ... There are over 200 companies operating in Costa Rica of which, however, only around 10 are of overall economic importance. Most of the larger companies are foreign owned and have been established in the late sixties. The larger companies grant loans mostly to industry and for comercial financing while the hose of small companies is ma tly active in the field of personal loans. The prevailing rates charged by the larger companies range from 15 to 25 percent, with an estimated weighted average of around 18 percent, while those of the small companies oscillate between 40 and 50 percent. With the exception of one company which receiveA loar from "-AI, the maturities of the loans are generally of a short- and medium-term nature. While the smaller companies' main source of funds is their own capital, the larger companies rely much more on foreign borrowing, the sale of deposit certificates and in one case also on the sale of bonds. Almost all of the larger finance companies pay an average of 12 percent on their deposit obliga- tions; with some of the smaller companies this rate can reach 18 to 20 percent. 9, Savings and Loan Associations 3 A law approved by Congress in May 1969 authorized the establishment of a national savings and loan system. The system consists of the Caja Central de Ahorro y Prestamo, an autonomous government entity, and a group of private savings and loan associations. The Caja Central is responsible for authorizing the establishment of the savings and loan associations and con- trolling their activities, and at the same time guarantees their operations with the private sector. The savings and loan associations are allowed to receive deposits from the private sector and to grant loans for housing construction. The Caja Central fixes the interest rate that the associations must pay for their deposits, which will not exceed the maximum rate established by the Central Bank on savings deposits with the coasercial banks. In addition, the savings and loan associations have to comply with a legal reserve requirement set by the Caja Central, equivalent to at least 10 percent of their total deposits, to be maintained in cash or in demand deposits with the banks. Source: IMF Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 1 of 8 1966 1967 1968 1969 1970 1971 1972 I. CENTRAL BANK International reserves, net -72.4 24.0 75.3 194.5 109.3 229.1 248.6 Foreign assets 113.4 127.7 140.8 181.8 78.4 232.4 316.4 Net IMF position -102.6 -102.6 -64.5 13.4 39.9 1.9 1.9 Short-term liabilities -83.2 -1.1 -1.0 -0.7 -9.0 -5.2 -69.7 Domestic assets 521.5 502.4 526.1 483.1 560.6 660.5 853.0 Credit to Central Government, net 150.2 228.5 254.8 242.4 180.6 215.5 277.3 Credit 181.2 249.7 287.6 284.4 310.1 299.5 383.4 Deposits -31.0 -21.2 -32.8 -42.0 -129.5 -84.0 -106.1 Credit to rest of public, net 16.2 16.2 21.2 -3.1 15.4 33.0 29.4 Credit 19.5 20.0 28.0 13.1 22.8 45.2 40.7 Deposits -3.3 -3.8 -6.8 -16.2 -7.4 -12.2 -11.3 Official capital and reserves -29.4 -30.0 -30.2 -35.6 -30.9 -33.8 -35.6 Credit to bank 286.9 188.2 174.3 162.5 290.0 328.3 374.9 Subscriptions to international agencies 57.7 61.7 73.5 95.9 105.8 111.5 127.4 Deposits to international agencies -15.7 -19.1 -29.0 -52.6 -53.2 -56.9 -66.3 Unclassified assets, net 55.6 56.9 61.5 73.6 52.9 62.9 145.9 Assets 59.2 60.2 64.4 76.3 57.0 76.6 157.6 Liabilities -3.6 -3.3 -2.9 -2.7 -4.1 -13.7 -11.7 Allocation of SDRs - - - - 27.8 50.5 73.0 Foreign liabilities (medium and long-term) 94.4 77.1 75.7 54.9 40.5 69.0 102.3 Liabilities to banks 101.6 166.1 193.1 244.7 213.8 324.7 399.1 Currency 42.4 50.6 58.1 76.1 69.6 76.3 84.4 Deposits 59.2 115.5 135.0 168.6 144.2 248.4 314.7 Liabilities to nonbank intermediaries n.a. 0.6 0,7 1.4 1.6 2.6 1.8 Currency n.a. 0.6 0.7 1.4 1.6 2.6 1.8 Deposits n.a. - - - - - - Liabilities to private sector 253.1 282.6 331.9 376.6 386.2 442.8 525.4 Currency in circulation 252.6 280.8 305.4 348.5 378.2 431.3 518.6 Sight deposits 0.5 1.8 4.1 3.0 2.8 7.8 6.8 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 2 of 8 1966 1967 1968 1969 1970 1971 1972 II. COMMERCIAL BANKS International reserves, net -18.3 48.2 64.0 56.5 63.1 51.1 79.0 Foreign assets 30.0 55.7 71.2 63.7 72.1 78.7 120.6 Short-term liabilities -48.3 -7.5 -7.2 -7.2 -9.0 -27.6 -41.6 Claims on Central Bank 102.9 165.0 193.0 245.1 213.1 323.9 397.7 Cash in vaults 42.2 50.2 57.9 75.9 69.2 76.1 84.3 Deposits 60.7 114.8 135.1 169.2 143.9 247.8 313.4 Claims on nonbank intermediaries n.a. 3.2 4.1 1.3 -- 2.2 2.0 Domestic assets 700.0 710.9 743.5 810.4 1,006.6 1,429.9 1,659.7 Credit to Central Government, net 41.1 12.3 10.3 6.7 23.8 35.6 75.4 Credit 41.6 12.8 11.2 7.6 24.8 36.5 77.8 Deposits -0.5 -0.5 -0.9 -0.9 -1.0 -0.9 -2.4 Credit to rest of public sector, net -42.6 -48.8 -58.0 -79.8 -112.5 -117.1 -125.3 CreAit 1.4 9.1 4.1 5.9 6.5 26.1 40.6 Deposits -44.0 -57.9 -62.1 -85.7 -119.0 -143.2 -165.9 Official capital and reserves -218.9 -222.7 -226.6 -229.9 -233.3 -236.4 -245.7 Credit to private sector 836.0 880.6 920.4 1,002.5 1,196.9 1,569.9 1,785.4 Credit to other banks 49.7 42.7 42.9 41.5 51.9 95.5 95.9 Unclassified assets, net 38.7 46.8 54.5 69.4 79.5 82.4 74.0 Assets 99.6 113.5 128.6 148.8 165.9 193.1 221.0 Liabilities -60.9 -66.7 -74.1 -79.4 -86.1 -110.7 -147.0 Foreign liabilities (medium and long-term) 33.3 64.4 102.3 143.8 137.7 116.1 127.4 Loans 61.7 94.8 136.4 130.2 108.0 118.5 Capital and reserves 2.7 7.5 7.4 7.5 8.1 8.9 Liabilities to Central Bank 231.6 127.8 114.0 96.6 223.0 240.0 276.9 Liabilities to other banks 9.0 13.1 9.0 7.7 7,7 3.4 4.1 Liabilities to nonbank intermediaries n.a. 2,5 2.1 3.6 8.5 8.2 7.8 Liabilities to private sector 510.7 719.5 777.2 861.6 905.9 1,439.4 1,722.2 Sight deposits 330.8 499.5 530.7 598.4 615.5 871.9 969.1 Time deposits 1.6 1.8 7.3 5.6 6.9 191.6 286.7 Savings deposits 133.0 147.4 170.4 198.8 218.8 245.8 292.1 Adjustment - -2.5 -2.1 -3.6 -8.5 -8.2 -7.8 Securities 11.2 7.1 5.2 4.1 1.8 0.9 0.7 Other obligations in colones 11.9 33,2 24.1 27.1 26.5 80.8 95.2 Foreign currency deposits 22.2 33.0 41.6 31.2 44.9 56.6 86.2 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 3 of 8 1966 1967 1968 1969 1970 1971 1972 III. MORTGAGE BANKS Currency and deposits 5.7 11.6 3.5 4.9 4.8 0.8 1.8 Currency 0.2 0.4 0.2 0.1 0.4 0.2 0.1 Deposits in commercial banks 5.5 11.2 3.3 4.8 4.4 0.6 1.7 Domestic assets- 120.9 116.1 133.7 137.6 135.8 198.1 218.2 Credit to Central Government, net 1.1 3.1 0.4 0.7 2.9 4.2 5.6 Credit 1.1 3.1 0.4 0.7 2.9 5.2 6.8 Deposits - - - - - -1.0 -1.2 Rest of public sector, deposits -13.5 -24.5 -16.0 -17.3 -35.5 -23.0 -12.2 Official capital and reserves -73.0 -75.1 -77.0 -78.7 -80.6 -82.5 88.4 Credit to commercial banks - - - - - - Credit to private sector 205.3 211.2 225.8 233.1 250.0 303.0 319.2 Unclassified assets, net 1.0 1.4 -0.4 -0.2 -1.0 -2.7 -6.0 Assets 7.9 8.8 8.8 9.7 9.8 10.7 10.4 Liabilities -6.9 7.4 -9.2 -9.9 -10.8 -13.4 -16.4 Foreign liabilities (medium and long term) 7.6 8.3 8.3 7.8 7.0 6.8 6.4 Loans 6.7 6.5 6.1 5.8 5.5 5.1 4.7 Securities 0.9 1.8 2.2 2.0 1.5 1.7 1.7 Liabilities to Central Bank 10.6 10.4 10.3 10.1 10.0 9.8 9.7 Liabilities to other banks 22.3 10.8 13.0 14.4 21.3 62.4 62.4 Loans from commercial banks 12.9 6.3 7.3 8.5 13.4 18.3 22.4 Bonds held by other banks 9.4 4.5 5.7 5.9 7.9 44.1 40.0 Liabilities to nonbank intetmediaries - - - - 1.1 3.0 13.7 Liabilities to private sector 86.1 98.2 105.6 110.2 101.2 116.9 127.8 Sight deposits 0.3 0.6 0.5 0.7 1.1 0.9 0.6 Securities 83.7 94.8 102.9 105.7 95.6 105.6 118.4 Other obligations 2.1 2.8 2.2 3.8 4.5 10.4 8.8 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 4 of 8 1966 1967 1968 1969 1970 1971 1972 IV. RURAL CREDIT DEPARTMENT OF THE NATIONAL BANK Deposits in commercial banks 3.4 1.4 4.8 2.7 3.2 2.6 1.8 Domestic assets 122.3 131.4 132.3 141.3 156.3 178.5 187.8 Official capital and reserves -6.3 -6.3 -6.4 -7.2 -8.8 -11.0 -13.1 Credit to private sector 130.2 139.4 140.9 151.2 168.5 193.9 208.4 Unclassified assets, net -1.6 -1.7 -2.2 -2.7 -3.4 -4.4 -7.5 Assets 0.4 0.5 0.7 0.7 0.7 0.9 0.9 Liabilities -2.0 -2.2 -2.9 -3.4 -4.1 -5.3 -8.4 Foreign liabilities (medium and long term) 61.2 58.9 65.0 73.7 81.9 78.6 74.9 Liabilities to Central Bank 44.8 50.0 50.0 50.0 53.8 76.9 87.0 Liabilities to commercial banks 18.8 22.8 20.8 18.2 22.5 23.9 25.2 Liabilities to private sector 0.9 1.1 1.3 2.1 1.3 1.7 2.5 Quasi-money obligations 0.9 IT . 2.1 1.3 1.7 2.5 V. COOPERATIVE DEPARTMENT OF THE NATIONAL BANK Deposits in commercial banks 0.1 0.5 - 0.2 0.1 0.2 0.6 Domestic assets 12.5 32.8 38.1 37.3 35.4 37.7 43.5 Credit to Central Government 0.4 1.0 0.4 0.5 0.6 1.3 1.2 Official capital and reserves -6.4 -5.4 -7.2 -8.2 -9.5 -11.4 -13.7 Credit to mortgage banks 0.4 - - 0.2 0.5 0.2 0.6 Credit to private sector 17.3 37.4 41.3 40.2 41.5 45.4 53.2 Unclassified assets, net -0.2 -0.2 3.6 4.6 2.3 2.2 2.2 Assets 0.9 1.1 3.7 4.6 2.4 2.3 2.3 Liabilities -1.1 -1.3 -0.1 - -0.1 -0.1 -0.1 Foreign liabilities (medium and long term) 3.0 11.1 21.0 25.0 26.3 28.0 31.0 Liabilities to commercial banks 9.1 9.1 9.1 9.1 8.6 9.4 9.0 Liabilities to private sector 0.5 13.1 8.0 3.4 0.6 0.5 4.1 Quasi-money obligation 0.5 13.1 8.0 3.4 0.6 0.5 4.1 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 5 of 8 1966 1967 1968 1969 1970 1971 1972 VI. CONSOLIDATED BANKING SYSTEM International reserves, net -90.7 72.2 139.3 251.0 172.4 280.2 327.6 Foreign assets 143.4 183.4 212.0 245.5 150.5 311.1 437.0 Net IMF position -102.6 -102.6 -64.5 13.4 39.9 1.9 1.9 Short-term liabilities -131.5 -8.6 -8.2 -7.9 -18.0 -32.8 -111.3 Claims on nonbank intermediaries n.a. 3.2 4.1 1.3 - 2.2 2.9 Domestic assets 4 1 1,355.7 12412.7 555.2 2,081.7 2 Credit to Central Government, net 193.7 244.9 265.9 250.3 207.9 256.6 359.5 Credit 225.2 266.6 299.6 293.2 338.4 342.5 469.2 Deposits and other liabilities -31.5 -21.7 -33.7 -42.9 -130.5 -85.9 -109.7 Credit to rest of public sector, net -43.3 -57.1 -52.8 -99.3 -132.6 -108.0 -108.1 Credit 19.9 29.1 32.1 19.0 29.3 71.3 81.3 Deposits -63.2 -86.2 -84.9 -118.3 -161.9 -179.3 -189.4 Official capital and reserves 332.9 -339.5 -347.4 -359.6 -363.1 -375.1 -396.5 Credit to nonbank intermediaries - - - - - - - Credit to private sector 1,188.5 1,268.6 1,328.4 1,427.0 1,656.9 2,112.2 2,366.2 Sub6riptions to intarnational agenzies 57.7 61.7 73,5 95.9 105.8 113.5 127.4 Deposits of international agencies -15.6 -19.1 -29.0 -52.6 -53.2 -56.9 -66.3 Unclassified assets, net 94.1 103.2 117.0 144.7 130.6 140.4 208.6 Assets 168.7 184.1 206.2 240.1 235.8 283.6 392.2 Liabilities -74.6 -80.9 89.2 -95.4 -105.2 -143.2 -183.6 Interbank float 1.5 -0.7 0.1 6.3 2.9 1.0 -0.1 Allocation of SDRs - - - - 27.8 50.5 73.0 Foreign liabilities (medium and long term) 202.2 219.8 272.3 305.2 293.4 298.5 342.0 Loans 198.6 215.3 262.6 295.8 284.4 288.7 331.4 Capital and reserves 2.7 2.7 7.5 7.4 7.5 8.1 8.9 Securities 0.9 1.8 2.2 2.0 1.5 1.7 1.7 Liabilities to nonbank intermediaries n.a. 3.1 2.8 5.0 11.2 13.8 23.3 Currency 0.6 0.7 1.4 1.6 2.6 1.8 Deposits 2.5 2.1 3.6 8.5 8.2 7.8 Loans - - - - 1.0 10.3 Securities - - - 1.1 2.0 3.4 Liabilities to private sector 850.8 1,114.5 12 1 8 1,395. 2,01.3 22.0 Currency in circulation 252.6 280.8 305.4 348.5 378.2 431.3 518.6 Sight deposits 331.7 501.9 535.3 602.1 619.4 880.6 976.5 Time deposits 1.6 1.8 7.3 5.6 6.9 191.6 286.7 Savings deposits 133.2 147.4 170.4 198.8 218.8 245.8 292.1 Adjustment -2.5 -2.1 -3.6 -8.5 -8.2 -7.8 Securities 94.3 101.9 108.1 110.7 97.4 106.5 119.1 Stabilization bonds - - 11.2 25.1 5.2 3.7 - Other obligations in colones 15.2 50.2 35.6 36.4 32.9 93.4 110.6 Deposits in foreign exchange 22.2 33.0 41.6 31.2 44.9 56.6 86.2 Forward exchange certificates - - 11.2 - - - - Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 6 of 8 1966 1967 1968 1969 1970 1971 1972 VII. NATIONAL INSURANCE INSTITUTE (INS) Claims on banks 1.3 1.0 1.0 1.6 1.7 3.4 1.6 Currency 0.6 0.7 1.2 1.3 2.0 1.4 Deposits in commercial banks 0.4 0.3 0.4 0.4 1.4 0.2 Domestic credit 183.1 200.9 226.2 245.8 280.2 313.6 358.4 Central Government 17.1 33.8 30.1 20.5 28.6 26.5 36.6 Bonds 14.2 30.9 27.2 20.5 28.6 26.5 33.7 Loans 2.9 2.9 2.9 - - - 2.9 Credit to private sectors 162.3 176.8 201.9 225.9 244.0 261.0 287.0 Mortgage bonds 127.9 137.5 157.0 174.5 185.0 197.0 215.2 Loans against policies 32.3 37.1 42.9 49.6 57.2 62.0 ' 69.5 Other loans 2.1 2.2 2.0 1.8 1.8 2.0 2.3 Capital and reserves -19.5 -21.7 -22.6 -23.9 -24.7 -24.5 -25.7 Unclassified assets, net 23.2 12.0 16.8 23.3 32.3 50.6 60.5 Liabilities to banks - 1.2 4.1 1.3 - 2.2 2.0 Other domestic liabilities 184.4 200.7 223.1 246.1 281.9 314.8 358.0 Deposits 2.2 2.0 3.0 3.2 4.9 6.2 4.6 Technical reserves 182.2 198.7 220.1 242.9 277.0 308.6 353.4 VIII. NATIONAL HOUSING AND URBAN INSTITUTE (INVU) 1/ Claims on banks - 1.5 1.4 1.7 2.2 0.9 0.2 Currency - - - 0.1 0.1 0.1 0.1 Deposits in commercial banks - 1.5 1.4 1.6 2.1 0.8 0.1 Domestic credit 58.4 73.9 65.7 60.5 66.2 68.6 79.2 Central Government bonds 17.0 20.0 18.4 23.2 21.0 13.4 13.5 Rest of public sector -1.6 -1.4 -1.0 -0.8 -0.6 -0.3 Loan and social security fund -4.1 -4.0 -3.9 -3.7 -3.6 -3.4 -3.3 Loans 97.4 105.5 122.2 130.9 136.9 154.4 159.4 Advances on foreign loans 2.6 8.4 2.8 - - - - Capital and reserves -103.6 -113.3 -125.1 -136.4 -145.3 -174.8 -186.0 Unclassified assets, net 49.1 58.9 52.7 47.5 58.0 79.6 95.9 Foreign liabilities (medium and long term) 25.0 38.5 40.5 41.9 46.3 46.5 50.2 Loans 25.0 38.2 40.2 41.6 46.0 46.2 44.1 Securities - 0.3 0.3 0.3 0.3 0.3 6.1 Liabilities to banks (BPDC) 1.1 2.0 - - - - 1.4 Other domestic liabilities 32.3 34.9 26.6 20.3 22.1 23.0 27.8 Mortgage bonds 20.7 16.5 11.7 10.8 9.7 9.1 8.5 Savings deposits 4.3 5.5 5.3 5.3 6.7 9.0 10.7 Other liabilities 7.3 12.9 9.6 4.2 5.7 4.9 8.6 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 7 of 8 1966 1967 1968 1969 1970 1971 1972 IX. COMMUNITY DEVELOPMENT BANK (BPDC) Claims on banks .. .. .. 0.9 3.0 4.2 6.4 Currency .. .. .. 0.1 0.2 0.4 0.2 Deposits in commercial banks .. .. .. 0.8 2.8 3.8 6.2 Domestic credit .. .. 4.3 25.0 55.7 76.0 Central government bonds .. .. .. 3.5 15.4 8.5 15.6 Bonds to rest of public sectors .. .. .. - - 2.0 0.5 Nonbank intermediaries a. National Teachers Loan Assor:ation (ANDE) .. .. .. - - 2.0 1.8 b. National Housing and Urban Institute (INVU) .. .. .. - - - 1.4 Loans to private sector .. .. .. - 7.4 37.3 53.9 Unclassified assets, net .. .. .. 0.8 2.2 5.9 2.8 Liabilities to privaLe sector .. .. .. 5.2 28.0 59.9 82.4 Savings deposits .. .. .. 3.5 19.9 40.0 58.0 Capital and reserves .. .. .. 1.7 8.1 19.9 24.4 X. NATIONAL TEACHERS LOAN ASSOCIATION (ANDE) Claims on banks 0.6 0.5 - 0.1 1.8 0.5 0.4 Currency - - - - - 0.1 0.1 Deposits in commercial banks 0.6 0.5 - 0.1 1.8 0.4 0.3 Claims on nonbank intermediaries (BPDC) - - - - - 0.2 0.2 Domestic credit 14.4 14.4 16.0 17.7 20.1 25.0 28.9 Central government bonds - - - - 0.1 0.1 - Loans to private sertor 12.2 14.0 15.8 17.3 19.7 25.1 29.7 Other 2.2 0.4 0.2 0.4 0.3 -0.2 -0.8 Liabilities to nonbank intermediaries (BPDC) - - - - - 2.0 1.8 Liabilities to private sector 15.0 14.9 16.0 17.8 21.9 23.7 27.7 Deposits 1.5 1.4 0.3 0.2 1.5 2.6 2.8 Capital and reserves 13.5 13.5 15.7 17.6 20.4 21.1 24.9 Table 6.2: COSTA RICA: DETAILED ACCOUNTS OF THE FINANCIAL SYSTEM, 1966-72 (in millions of colones) Page 8 of 8 1966 1967 1968 1969 1970 1971 1972 XI. SELECTED FINANCE COMPANIES Claims on banks n.a. 0.1 0.4 0.7 2.5 3.8 4.4 Currency n.a. - - - - - - Deposits in commercial banks n.a. 0.1 0.4 0.7 1.4 1.8 1.0 Holdings of bank bonds n.a. - - - 1.1 2.0 3.4 Domestic credit n,a. 41,2 52.3 92.4 128.8 198.3 258.1 Central government bonds n.a. 2.4 2.1 5.4 4.3 6.9 12.3 Rest of public sector bonds n.a. - - - - - 0.2 Credit to private sector n.a. 41.1 52.5 82.6 125.8 198.1 258.6 Net unclassified assets n.a. -2.3 -2.3 4.4 -1.3 -6.7 -13.0 Loug-and-medium foreign obligations n.a. 33.2 33.5 41.4 59.5 84.0 90.0 Liabilities to banks n.a. - - - - - - Liabilities to private sector n.a. 8.1 19.2 51.7 71.8 118.1 172.5 Capital and reserves n.a. 8.1 16.3 36.0 49.2 59.5 62.5 Deposits n.a. - 2.9 15.7 22.6 58.6 100.0 Bonds n.a. - - - - - 10.0 XII. CONSOLIDATED FINANCIAL SYSTEM l International reserves, net 72.2 139.3 251.0 172.4 280.2 327.6 Domestic assets 1, 4 1,715.9 1 2,075.5 2,739.9 3±778 Credit to Central Government, net 301.1 316.5 302.9 277.3 312.0 437.5 Credit to rest of public sector, net -58.7 -54.2 -100.3 -133.4 -106.6 -107.7 Official capital and reserves -474.5 -495.1 -519.9 -533.1 -574.4 -608.2 Credit to private sector 1,614.4 1,723.6 1,883.7 2,190.7 2,788.1 3,154.8 Subscriptions to international agenies, net 42.6 44.5 43.3 52.6 54.6 61.1 Unclassified assets, net 172.2 184.4 221.1 222.1 269.6 354.0 Intersystem float 4.7 -3.8 2.6 -0.7 -3.4 -13.7 Allocation of SDRs - - - 27.8 50.5 73.0 Foreign liabilities (medium and long term) 291.5 346.3 388.5 399.2 429.0 482.2 Liabilities to private sector 1,373.1 1,508.9 1,695.9 1,820.9 2,540.6 3,050.2 Currency in circulation 280.8 305.4 348.5 378.2 431.3 518.6 Sight deposits 501.9 535.3 602.1 619.4 880.6 976.5 Savings deposits 152.9 175.7 207.6 245.4 294.6 360.6 Time deposits 5.2 13.5 24.7 35.9 259.0 394.1 Securitxes 115.4 119.8 121.5 107.1 115.6 137.6 Stabilization bonds - 11.2 25.1 5.2 3.7 - Capital and reserves 21.6 32.0 55.3 77.7 100.5 111.8 Technical reserves of INS 198.7 220.1 242.9 277.0 308.6 353.4 Other obligations in colones 63.1 45.2 40.6 38.6 98.3 119.2 Deposits in foreign exchange 33.0 416 31.2 44.9 56.6 86.2 Forward exchange cwtificates - 11.2 - - - - Less: adjustment - -2.5 -2.1 -3.6 -8.5 -8.2 -7.8 1/ Not available for 1966 2/ Corresponds to unclassified deposit claims on banking system of some nonbank financial intermediaries Source: Central Bank, INS, INVU, BPDC, ANDE, selected finance companies, and IMF Table 6.3: COSTA RICA: PRIVATE SECTOR FINANCIAL ASSETS, 1967-72 1967 1968 1969 1970 1971 1972 (in millions of colones) TOTAL .6 2,152 2,344 3,118 LLZ By type of asset Money 783 840 950 997 1,312 1,495 Time and saving deposits 158 189 233 280 554 755 Bonds 397 471 603 636 697 74 Other 313 349 366 431 555 662 By institution Banking system 1,114 1,224 1,354 1,395 2,001 2,382 Nonbank intermediaries 259 285 341 426 540 668 Central government 223 278 381 439 476 482 Rest of public sector 55 62 76 84 101 125 (as percent of total) TOTAL 100.0 100.0 100.0 100.0 100.0 100.0 By type of asset Money 47.4 45.4 44.1 42.5 42.1 40.9 Time and saving deposits 9.6 10.2 10.8 12.1 17.9 20.6 Bonds 24.0 25.5 28.0 27.1 22.3 20.4 Other 19.0 18.9 17.1 18.4 17.8 18.1 By institution Banking system 67.5 66.2 62.9 59.5 64.2 65.1 Nonbank intermediaries 15.7 15.4 15.8 18.2 17.3 18.3 Public sector 16.8 18.4 21.3 22.3 18.5 1b.6 (as percent of GDP at current prices) TOTAL 35.9 30.5 38.1 37.4 44.9 47.3 Money 17.0 16.6 16.8 15.9 18.9 19.3 Time and saving deposits 3.4 3.7 4.1 4.5 8.0 9.8 Bonds 8.7 9.2 10.7 10.1 10.0 9.6 Other 6.8 6.9 6.5 6.9 8.0 8.6 Source: Central Bank, Appendix Tables 6.1 and 5.14and IMF. Table 6.4: COSTA RICA: FINANCIAL SYSTEM CREDIT TO THE PRIVATE SECTOR, 1967-71 1967 1968 1969 1970 1971 (ii millions of colones) Total 1,614 1,724 1,191 2,787 By source Commercial banks 881 920 1,003 1,197 1,570 Mortgage banks 211 226 233 250 303 Other specialized banks 177 182 191 210 239 INS 177 202 226 244 261 INVU 114 125 131 137 154 Finance companies 41 53 83 126 198 BPDC -- -- -- 7 39 ANDE 14 16 17 20 22 By destination Agriculture 449 462 482 570 636 Coffee 196 208 211 278 292 Cacao 4 4 4 4 4 Sugar 28 27 32 40 38 Other 221 223 235 248 302 Livestock 253 290 339 395 535 Manufacturing 257 276 321 387 476 Electricity 30 29 30 30 29 Commerce and personal credit 150 159 169 214 407 Services 66 60 66 85 117 Housing 362 404 439 471 537 Unclassified 47 44 38 39 50 (as percent of total) By source Commercial banks 54.6 53.4 53.2 54.6 56.3 Other banks 24.0 23.7 22.5 21.0 19.4 Nonbank intermediaries 21.4 22.9 24.3 24.4 24.3 By destination Agriculture 27.8 26.8 25.6 26.0 22.8 Livestock 15.7 16.8 18.0 18.0 19.2 Manufacturing 15.9 16.0 17.0 17.7 17.1 Housing 22.4 23.4 23.3 21.5 19.3 Commerce and personal credit 9.3 9.2 9.0 9.8 14.6 Other 8.9 7.8 7.1 7,0 7.0 Source: Central Bank, INS, INVU, BPDC, ANDE, selected finance companies and IMF. Table 6.5: COSTA RICA: INTEREST RATE STRUCTURE, OCTOBER 1972 Rates Rates (percent) (percent) I. Loans 3. Finance companies Operated by comamercial banks 1. Central Bank Commercial loans 16 Rediscount rates Loans for housing and services 13 Loans to agriculture and industry, up to 360 days 5 Loans to agriculture and livestock 12 National Production Council documents 5 Privately owned Loans for electric power generation and public utilities, Loans to agriculture, industry, and construction 15-16 up to 360 days 5 Acceptance of automobile and other commercial papers 18-20 Commercial paper against domestic goods, up to 180 days 5 Personal loans 24-50 Other commercial paper, up to 180 days 8 Loans 11. Deposits To Rural Credit Boards 2 To National Production Council 4 Time and savings deposits To commercial banks, up to 90 days 4 and 6 3-6 months 4 Relending to commercial banks of foreign loans 0.5 over rate paid 6-12 months 6 by Central Bank. Over I year 7 Lending to banks beyond fixed limits Special rates Savings deposits Up to 30 days (up to 025,000) 4 2. Commercial banks tIn to 30Aays hel, by.chools and collagec (up to 150,000) Rates ot interest Deposit certificates in finance companies 12 average Loans to National Production Council for price stabilization purposes 5 Discount of warehouse documents 6 Discount of letters of credit issued against exports 7 Pre-export financing of capital and consumer goods 7 Loans to agriculture, industry, and mining 8 Loans to Central Government and public sector institutions for: Infrastructure projects 8 Other purposes 9 Loans for transport, storage and marketing of domestically produced goods; production of electricity and other energy; services; and housing 9 Loans for marketing of imported goods; personal loans; and other purposes not previously listed 12 Loans financed through sale of bonds and other bank obligations Up to 6 points over rate payable by bank. Relending of foreign loans Set in each case by Central Bank. Charges and commsissions For feasibility studies One time charge of max. 2 percent of loan Por continuous surveillance of collateral and investment I Por loans to National Production Council Exempt Stand-by coemmission for relending of foreign loans I Stand-by commission on unused monthly balances 1 Source: Central Bank of Costa Rica; and finance companies,  Table 7.1 : COSTA RICA : NUMBER OF FARMS BY SIZE, 1963 Number of farms Area (in Manzanas) Number of farms as percent of total farms percent of total area 1 - 9.9 27,925 43.2 2.9 10 - 99.9 29,949 46.3 27.1 100 - 249.9 4-41 6.9 17.0 250.- 999.9 1,887 2.9 21.8 1,000 - 3,[99.9 360 0.6 15.1 3,500 and above 59 0.1 16.1 TOTAL 64,621 100.0 100.0 Source: Office of Statistics and Census. Table 7.2: COSTA RICA: VALTZ OF AGRICULTURAL PRODUCTION AT CURRENT PRICES, 1962-72 Prelim. 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 in millions of colones) Total 1032 1102 1119 1237 1292 1418 1537 1787 1908 2049 2156 Export crops 511 549 514 568 597 653 709 929 920 967 996 Coffee 240 285 235 290 308 344 315 432 359 390 376 Cacao 32 31 29 17 23 25 25 51 17 12 12 Bananas 184 178 195 195 201 214 291 351 453 469 505 Sugar 55 55 55 66 65 68 77 93 91 96 103 Industrial crops 14 13 18 23 21 25 19 12 11 11 11 Cotton 6 6 12 16 13 17 11 5 1 - - Tobacco 8 7 6 7 8 8 8 7 10 11 11 Food crops 88 92 84 115 109 130 131 117 97 115 101 Beans 16 21 17 23 17 18 16 20 11 9 8 Corn 25 26 28 35 33 38 45 4U 24 30 28 Rice 47 43 39 57 59 74 70 57 62 76 65 Livestock 265 285 324 347 367 406 456 497 616 673 745 Beef 100 114 131 144 162 189 240 273 303 344 394 Milk products 103 106 116 125 131 134 137 139 194 197 201 Hogs 17 18 19 22 22 22 22 25 32 38 41 Eggs 45 47 58 56 52 61 57 60 87 94 109 Forestry 45 48 55 55 59 58 63 68 84 90 96 Fishing 8 8 11 9 10 11 15 9 16 18 20 Other 101 107 113 120 129 135 144 155 164 175 187 (as percent of total) Export crops 49.5 49.8 45.9 45.9 46.2 46.1 46.1 52.0 48.2 47.2 46.2 Industrial crops 1.4 1.2 1.6 1.9 1.6 1.8 1.2 0.7 0.6 0.5 0.5 Fnd crops 8.5 8.3 7.5 9.3 8.4 9.2 8.5 6.3 5.i 5.0 4.7 Livestock 25.7 25.9 29.0 28.1 28.4 28.6 29.7 27.8 32.3 32.8 34.6 Forestry 4.4 4.4 4.9 4.4 4.6 4.1 4.1 3.8 4.4 4.4 4.5 Source: Central Bank Tahle 7.3 : COSTA RICA: VALUE OF AGRICULTURAL PRODUCTION AT CONSTANT 1965 PRICES, 1963-72 Est. 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 ( In millions of colones) Crop agriculture 637 595 707 772 832 889 h034 1,018 1,130 1,104 Export crops 533 491 569 639 687 749 910 915 1,019 1,009 Coffee 293 231 290 333 379 351 404 366 426 373 Cacao 23 22 17 18 18 13 21 9 8 10 Bananas 162 182 195 220 220 312 396 454 497 535 Sugar 52 55 66 65 68 71 86 86 88 91 Other 2 2 2 3 2 2 3 -- -- -- Industrial crops 13 17 23 20 22 18 11 8 8 8 Cotton 6 11 16 13 15 11 5 1 -- -- Tobacco 7 6 7 7 7 7 6. 7 8 8 Food crops 92 87 115 112 123 122 113 95 103 87 Beans 23 19 23 19 17 12 17 1 7 6 Corn 26 27 35 35 37 37 35 20 22 18 Rice 43 41 57 58 69 73 61 64 74 63 Livestock 316 331 347 360 378 402 426 494 525 552 Beef cattle 135 141 144 149 162 176 188 193 213 228 Hogs 18 19 22 22 17 18 29 24 24 24 Milk 115 118 125 131 136 142 149 185 188 192 Eggs 50 53 56 59 62 66 70 92 100 108 (Index 1965 = 100) Crop agriculture 90.2 84.2 100.0 109.3 117.7 125.7 146.3 144.0 159.8 156.2 Export crops 93.6 86.2 100.0 112.3 120.7 131.6 159.9 16a.8 179.1 177.3 Industrial crops 55.5 75.0 100.0 90.0 95.7 78.3 47.8 34.8 34.8 34.8 Food crops 80.4 76.3 100.0 97.9 107.0 106.1 98.3 8?.6 89.6 75.7 Livestock 91.3 95.6 100.0 103.9 108.9 115.9 122.8 142.4 151.3 159.1 Source: Central Bank. Table 7.4 s COSTA RICA: OF PRODUCTIONI, UILIZATION AND PORT, CHP MARS 1 1962-72 AND 1973-80 Units 1) 1962_n-T6 195 1965-65 195 -'7 1967-W5 19-69 1 9-7F 197-7 1971-72 Total production 000 bags 970 1,066 836 1,011 1,217 1,364 1,234 1,456 1,292 1,5A7 Registered production 000 bags 909 1,038 787 973 1,139 1,267 1,156 1,409 1,243 1,497 Nonregistered production 000 bags 61 28 49 38 78 97 78 47 49 50 Area harvested 000 het. 64.2 65.4 67.0 69.6 72.0 75.0 77.0 77.0 77.0 77.0 Yield / bage/bect. 15.1 16.3 12.5 14.5 16.9 18.2 16.0 18.9 16.8 20.0 Damstic consumption k/ 000 bags 135 142 146 112 160 175 159 179 183 140 ICA xport quota 000 bags 961 970 888 896 854 914 918 1,016 545 1,01, Exports to traditioal markets 000 bags 835 925 690 899 887 904 882 1,176 1,028 1,078 Average price 6/ W$/bg 51.7 56.3 60.1 59.5 53.8 52.7 51.2 55.2 57.8 Estiated f.o.b. value 000US$ 13,153 52,031 41,411 53,526 47,738 47,657 45,183 56,782 62,349 fports to no mrimts I/ O0O bags - - - - 171 284 193 101 85 317 Average price /a- - - - 1.2 40.7 1,.4 42.4 35.9 Estimated f.o.b. value 000 I $ - - - - 7,038 11,553 8,650 3,604 11,380 Total exporte / 000 bags 835 925 690 899 1,058 1,189 1,075 1,277 1,113 1,395 f.o.b. value 000 UN$ 43,153 52,031 41,441 53,526 54,776 59,210 53,833 60,386 73,729 - Est. Wo oq_on= Units 1973-7 197 7 19 -7 197-77 1977-7M 1975-79 -79-50 Total production 000 bags 1,332 1,560 1,490 1,576 1,544 1,606 1,585 1,627 Area harvested 2/ 000 hect. 77 78 78 78 78 78 78 78 Yield / bags/hect. 17.3 20.0 19.1 20.2 19.8 20.6 20.1 20.9 Domestic consumption 4/ 000 bags 19D 185 191 197 202 209 215 221 ICA export quota 000 bags - - - - - - - - Exports to traditional mari3ts 000 bags 1,092 1,225 1,22 1,279 1,267 1,297 1,295 1,306 Average price 6/ IE$/bag 74.6 74.6 74.6 73.4 73.4 72.1 72.1 72.1 Estimated f.o.U. value 000 1$ 81,463 91,385 91,310 93,879 92,998 93,513 93,370 94,163 Exports to new markets 0/ 000bags 100 150 75 100 75 100 75 100 Average price tB$/bag 4,5 50 55 45 45 45 45 45 Estimated f.o.b. value 000 US$ 4,500 7,500 4,125 4,500 3,375 4,500 3,375 4,500 Total exports (/ 000 bags 1,32 1,397 1,370 1,406 f.o.b. value 000 0S$ 85,963 98,885 95,435 98,379 96,373 96,013 96,745 93,663 1/ From May 31 of one year to May 30 of the following. After 1971-72 it has bien assumed that the crop year exports coincide with the calendar year exports. 2/ Although there is no institutional limitation to additional plantings, the main restriction for further expansion is the scarcity of harvest labor and the urbanization process that is reducing the area planted in the periphery of large cities. As such, area planted has been assumed not to grow after 1973-74. J/ The high yields and technical level already achieved by Costa Rican coffee producers limit the possibilities of short run supply increases. However, intense plantings during 1972-73 will increase yields in 1976-77 above the 1% trend in yield increase assumed every second year after 1973-74. Also, the cyclical pattern of coffee yields has been maintained in the projections. 4/ A 3% yearly increase asnumed after 1972-73. Total exports obtained as a residual trom consumption. The exports to new markets are estimated to remain at a low level after 1971-72, and exports to traditional markets iB a residual. 6/ Price proj.ctions fi,-m, TBRD DicovttI fl vi o), adjusted to the CoBta Mr,;n varieties. Source: Central Bank, 0O'fee Officc, l,,OiB 01,,fn m 0,Hfin. Table 7. 5 : COSTA RICA: BANANA EXPORTABLE PRODUCTION, 1962-72 and 1973-80 (Area in 000 hectares; yield in boxes per hectare; volume in 000 boxes; value in millions of US$) Actuals Prel. 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Pacific Zone Area harvested 10.4 10.8 10.8 9.5 8.7 7.5 8.2 7.6 7.1 8.1 8.1 Yield 977 843 940 1096 1178 1445 1830 1978 2433 2243 2388 Exportable production 10162 9101 10153 10416 10250 10841 15005 15033 17280 18174 19339 Atlantic Zone Area harvested 1.6 1.7 1.9 2.9 3.4 5.8 8.1 12.0 20.0 19.4 19.1 Yield 1865 1966 2108 1814 1775 1093 1356 1540 1241 1473 1885 Exportable production 2985 3343 4005 5263 6035 6339 10981 18487 24812 28577 36002 Total exports Volume 13147 12444 14158 15679 16285 17180 25986 33520 42092 46751 55341 Average price 2.05 2.07 2.00 1.81 1.79 1.80 1.65 1.54 1.39 1.37 1.54 Value of exports 26.9 25.8 28.3 28.3 29.2 30.9 42.8 51,5 66.8 64.0 85.3 1973 1974 1975 1976 1977 1978 1979 1980 Area harvi7ted 27.0 27.0 27.0 27.0 27.0 27.0 27.0 27.0 Yield - 2035 2096 2159 2224 2290 2359 2430 2502 Exportable volye 54945 56592 58293 60048 61830 63693 65610 67554 Average price - 1.50 1.51 1.53 1.55 1.56 1.58 1.59 1.61 Value of exports 82.4 85.4 89.2 93.1 96.5 100.6 104.3 106.d 1/ Project'io- assumelno change in area harvested and; a 1 percent yearly increase in prices after 1973; and a 3 percent yearly increase in yields. Source: Central Bank, and IBRD mission estimates. Table 7. 6: OSTA RICA: CATTIE POPUIATION, BEEF PRCWCTION AND EPITS 1962-72 AND 1973-81 Unit 63 196-6 196- 1 -66 1966-67 1967-6 196-69 19-70 1970- 7- Sise of herd 1 000 heads 1,051 1,104 1,161 1,220 1,282 1,348 1,417 1,490 1,567 1,645 Total production 2/ 000 heads 206 204 216 234 256 257 275 290 310 Cattle processed for- local corsumption 1 107 106 100 117 117 120 109 113 115 122 Export 4/ 35 40 35 24 50 68 79 89 98 110 Cattle exported live k/ 6 7 12 16 5 2 n.a. n.a. n.a. n.a. Change in herd 53 57 59 62 66 69 73 77 78 1963 1964 1965 1966 1967 198 1969 1970 1971 1972 Beef exports Volume Z/ 000 Iff 7.1 8.7 4.6 7.1 10.4 14.6 16.8 17.5 18.6 23.4 Price 67 Us$ MT 708 687 692 768 826 819 896 1,028 1,104 1,194 Value 000 US$ 5,002 5,999 3,215 5,466 o,587 11,983 15,082 17,984 20,538 27,927 Live cattle exports 6/ 000 US$ 636 1,746 1,974 1,397 934 296 3 76 n.a. n.a. Total cattle and beef exports 000 US$ 5,658 7,745 5,189 6,863 9,521 12,281 15,085 18,060 20,538 27,927 Frojoie ctono 1912-73 1973-74 1974-75 1 Y976-77 1977- 78 177-7 T199- M90I Size of hard 1/ 000 heads 1,743 1,848 1,959 2,007 2,201 2,333 2,474 2,622 2,779 Total production 2/ 000 heads 244 259 274 291 308 327 346 367 389 Cattle processed for: Local corsumption 2/ 126 131 135 140 145 150 155 161 166 Export 4/ 118 128 139 151 163 177 191 206 223 Cattle exported live 4/ 15 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Change in herd 98 105 111 118 12h 132 141 148 157 1iZa - 1974 1975 1976 1977 1978 1979 1980 1981 Beef exports Volume 5/ 000 Mu 22.4 24.3 26.4 26.7 31.0 33.6 36.3 39.1 42.4 Price 67 US$ MI 1,217 1,242 1,267 1,292 1,318 1,345 1,372 1,399 1,426 Value 000 US$ 27,261 30,181 33,h49 37,080 40,85b 45,192 49,E04 54,701 60,462 Live cattle exports 6/ 000 Us$ 2,550 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. Total cattle ad beef exports 000 us$ 29,b11 30,1d1 33,449 37,080 40,858 45,192 49,4 54,701 60,462 1/ In view of the recent and programmed investments in the cattle iriustry, it has been assumed tIRt after 1971-72 tkecattle population will grow by 6% per year. 2/ Assues an extraction ratio of 14% after 1972-73, similar to hat of recen .ma-s. Local consumption has been assumed to grow by 3.5% a year, implying no further fall in per capita consumption. / Cattle exported live estimated at 15,000 in 1972-73 due to the drought. After 1972-73 it has been assumed that no cattle will be exported alive. Cattle slaughtered for beef exports is a residual. 5/ After 1971-72 it is assumed that production eare coincide with calendar years. To convert heads into exportable beef, an average 460 kg. per head has been assumed yielding around 41.1% of exportable beef or 190 kg. per head. Exports to the US are assured to grow by arourd 6% a year, the rest is to be exported to new marlets (Europe and the Caribbean). 6/ Prices are assumed to grow by 2% after 1Q71-72 for beef exports. Prices of cattle exported alive are assumed at $170 per head. Source: Central Bank and IBRD mission estimates. Table . COSTA RICA: CENTRIFUGATED SUGAR PRODUCTION, UTILIZATION AND EXPORTS, 1962-72 and 1973-80 (volume in 000 quintales; value in 000 US$) Actus est. Projections 1962-63 1963-64 1964-65 1965-66 1966-6; 1967-68 1968 69 1969-70 1970-71 1971-72 1972-73 1973-74 1974-75 1975-76 1976-77 1977-78 1978-79 1979-80 Initial stocks 194.4 285.3 243.9 450.6 579.' 616.9 654.5 941.2 1093.4 1376.1 1470.2 1375.9 1400.0 1400.0 1400.0 1400.0 1400.0 1400.0 Production 1819,7 1907.3 2041.1 2618.3 2696.f 2796.8 2879.6 3321.7 3487.2 3878.5 4025.7 4168.9 4382.7 4634.6 4901.0 5183.2 5481.8 5797.9 Total supply 2014.1 2192.6 2285.0 3068.9 3275.5 9413.8 3534.1 4262.8 4580.6 5254,6 5495.9 5544.8 5782.7 6034.6 6301.0 6583.2 6881.8 7197.9 )ometic2 onsumptiou 987.6 1056.5 1123.7 118/.0 1242,' 1304.0 1427.2 1527.2 166b.2 1819.6 1920.0 2044.8 2177.7 2319.3 2470.0 2630.6 2801.6 2983.7 Exports - 3/ 741.3 892.2 710.8 1302.8 11,16.1 1455.3 1165.7 1642.2 1536.3 1964.8 2200.0 2100.0 2205.0 2315.3 2431.0 2552.6 2680.2 2814.2 Closing stocks - 285.3 243.9 450.6 579.2 616,9 654.5 941-2 1093.4 1376.1 1470.2 1375.9 1400.0 1400,0 1400.0 1400.0 1400.0 1400.0 1400.0 Actu al P-L. est. Projections 1963 ___1964 1965 1966 196, 1968 1969 1970 1971 .1912 1971 1Q74 1975 19'6 !'77 197! 179 180 U.S. Sugar Quota 1 804.9 1150.8 840.8 7436.3 1195,1 1447.6 1493.4 1487.7 1423.7 2031.9 2191.0 2100.0 2205.0 2315.3 2431.0 2552.6 2680.2 2814.2 Basic quota 535.6 498.8 744.3 487.2 452., 478.2 502.0 523.2 529,3 889.6 1476.7 - - - - - - - Additions 269.3 652.0 96.5 9?8.8 742." 969.4 991.4 964.5 894.4 1142.1 712.3 - - - - - - Exports un7r quota Volume - 4/ 807 7/8 825 1405 195' 133 1.'6 1465 1807 1498 2191 2100 7705 2315 2431 2553 2680 2814 Average price - (.31 6.58 5.64 6.19 ,.I 6.41 6.'66 6.93 7.35 7.18 7,32 7.50 7.69 7.02 .40 8.26 6.9 8.70 Valoe 5093 5173 4655 8693 8 3 8710 9019 10144 12929 10755 16038 15750 L6956 1242 19642 21130 22753 2482 1/ Domestic consumption is assumed to grow by 6.5t per year after 1971-72. 2/ Exports by crop year are assumed equl v thb-e by calendar year after 1972-7 ., and assmed to gro by 5% ec year. 3/ Closing stocks asumed to remain at 1,400,000 quintales after 1973-74, / Export prices asroed to grow h 2.5' per yeur after 1973. Source: Central Bank, Sugar League and iBR) ilssion enti,mates.  Table 8.1: COSTA RICA: GROSS VALUE OF PRODUCTION IN MANUFACTURIM3 BY MAJOR INDIETRIAL BRANCTES, 1950-71. (in millions of current colones) ISIC BRANCH 1950 1955 1960 1965 1966 19b7 1968 1969 1970 1971 TOTAL 485.9 820.4 1261.1 1811.3 2039.9 2241.4 2566.7 2806.1 3162.9 3454.3 Consumer Goods 416.8 679.6 1055.2 1326.4 1519.1 1634.3 1833.2 1983.8 2257.2 2434.1 20 Food manufacturing industries =. 9 741.6 -T 1 1076.4 T T73 100.2 1591.0 21 Beverage industries 33.3 57.1 78.7 113.9 120.5 134.0 132.7 156.3 176.9 192.3 22 Tobacco manufactures 17.4 25.4 35.2 51.7 56.2 63.5 75.5 81.0 86.4 94.5 23 Manufacture of textiles 8.0 21.3 37.2 72.6 84.3 90.5 104.3 112.4 122.2 137.3 24 Manufacture of footwear, other wearing apparel and made-up textile goods 47.8 58.2 85.6 120.4 131.5 127.3 135.6 143.8 180.2 203.8 26 Manufacture of furniture and fixtures 11.1 25.9 33.1 44.9 47.2 48.9 58.1 59.8 66.6 74.1 28 Printing, publishing and allied industries 8.3 14.1 21.5 35.0 38.6 45.9 49.0 54.9 60.6 67.8 38 Automative equipment 6.8 12.8 22.3 29.8 35.0 47.9 49.3 58.3 64.1 73.1 Intermediate Goods 62.3 127.0 185.1 416.1 427.7 496.7 613.8 674.0 735.2 824.6 25 Manufactures of wood and cork, except manufacture of furniture 28.5 63.0 72.0 94.1 99.7 101.6 110.3 118.4 129.5 140.5 27 Manufacture of paper and paper products 1.6 2.6 4.8 26.9 30.4 40.4 47.7 47.8 54.8 63.6 29 Manufacture of leather and leather and fuir products, except foofwear and wearing apparel 9.1 13.5 13.7 12.6 13.1 16.7 21.9 18.9 17.6 19.0 30 Manufacture of rubber products 0.9 3.8 7.5 11.1 13.8 18.1 44.6 37.9 41.8 46.0 31 Manufacture of chemicals and chemical products a/ 16.3 28.0 55.4 154.7 145.3 184.0 204.7 229.4 243.0 273.1 32 Manufacture of products of petroleum and coal - - - - - 6.7 45.3 58.6 66.3 78.8 33 Manufacture of non-ntallic mineral products, except products of petroleum and coal 5.7 12.8 22.3 55.6 61.8 71.1 75.2 88.1 99.5 112.3 34 Basic metal industries - - - 14.8 16.3 - - - - - 35 Manufacture of metal products, except machinery and transport equipment 0.2 3.3 9.4 46.3 47.3 58.2 64.1 74.9 82.7 91.3 Capital goods 2.1 5.6 9.2 28.7 46.1 57.5 63.0 81.7 90.7 103.4 36 Manufacture ofmachinery except electrical machinery 1.9 3.5 4.4 14.4 16.5 22.1 28.6 41.7 45.4 52.1 37 Manufacture of electrical machinery apparatus, appliances and supplles O.z 2.1 4.8 14.3 29.6 35.4 34.4 40.0 45.3 51.3 39 Miscellaneous manufacturing industries 2.2 4.3 6.8 32.7 39.0 44.3 47.4 56.5 68.8 80.2 a/ Roughly some 50 percent or more of the total should correspond to consumer chemicals rather than intermediate products, although the data are not sufficiently detailed to permit such distribution on an annual basis. Source: Central Bank. Table 8.2: COSTA RICA: VALUE ADDED IN MANUFACTURING BY MAJOR INDUSTRIAL BRANCHES, 1950 - 72. (In millions of current colones) ISIC BRANCH Preliminary 1950 1955 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 TOTAL 184.0 318.9 476.5 466.3 532,8 605.8 649.5 699.4 778.0 869.9 975.7 1,7. 1,205.1 1,332.9 I9 Consumer goods 150.0 248.3 376.4 360.9 412.8 455.9 458.5 476.5 513.5 538.0 648.0 705.8 801.4 862.8 977.0 20 Food manufacturing industries 70.7 113.9 189.2 172.7 213.2 229.8 219.1 223.2 261.7 282.5 319.6 339.6 388.7 397.3 445.3 21 Beverage industries 28.2 48.3 67.1 67.6 71.6 81.5 89.4 93.5 98.9 109.9 108.9 128.2 145.2 163.4 196.8 22 Tobacco manufactures 10.4 15.2 21.6 23.1 24.8 31.4 31.6 32.6 35.5 40.4 47.6 51.0 54.5 57.4 62.3 23 Manufacture of Textiles 4.2 11.3 17.6 18.6 21.6 22.6 26.1 27.7 32.2 36.0 39.9 42.7 46.6 53.5 59.5 24 Manufacture of footwear, other wearing apparel and made-up textile goods 20.9 28.4 36.1 33.1 33.0 38.4 37.6 37.6 41.1 40.6 42.4 44.6 56.1 66.0 74.6 26 Manufacture of furniture and fixtures 6.3 14.6 17.7 18.4 19.3 20.7 20.9 21.9 23.1 24.0 28.4 29.1 32.5 36.1 39.4 28 Printing,publishing and allied industries 5.0 8.5 12.4 12.7 15.1 18.1 18.2 19.1 21.0 25.0 26.7 29.8 32.9 33.4 37.2 38 Automotive equipment 4.3 8.1 14.7 14.7 14.2 13.4 15.6 20.9 24.5 33.6 34.5 40.8 44.9 55.7 61.9 Intermediate goods 31.1 64.2 91.2 95.3 107.5 132.3 168.0 194.0 200.3 228.7 276.0 301.1 328.9 386.0 425.9 25 Manufactures of wood and cork, except manufacture of furniture 15.3 33.7 38.9 40.3 43.9 46.3 50.5 51.4 54.4 55.7 60.3 64.5 70.6 78.8 86.0 27 Manufacture of paper and paper products 0.4 0.7 1.3 1.5 2.7 5.3 6.3 6.7 7.6 10.9 11.9 11.8 13.6 16.0 17.5 29 Manufacture of leather and leather and fur products, except footwear and wearing apparel 4.5 6.6 6.0 5.5 5.8 5.8 5.2 5.0 5.2 7.2 8.8 7,5 7.0 8.7 9.0 30 Manufactur- of rt'ber prcducts 0.5 1.9 3.9 3.9 4.2 4.2 5.2 6.1 7.6 10.4 24.8 21.0 23.1 28.7 32.5 31 Manufacture of chemicals and chemical products a/ 6.9 11.8 23.5 24.9 31.2 39.8 60.6 65.7 61.7 80.1 86.9 97.0 103.0 126.5 140.6 32 Manufacture of products of petroleum and coal - - - - - - - - - 2.6 17.4 22.4 25.3 31.6 34.5 33 Manufacture of non-metallic mineral products, except products of petroleum and coal 3.4 7.6 12.9 12.5 12.8 18.7 20.4 30.9 34.3 39.8 41.7 48.8 55.2 61.4 68.1 34 Basic metal industries - - - - - 2.5 5.1 10.7 11.8 - - - - - - 35 Manufacture of metal products, except manchinery and transport equipment 0.1 1.9 4.7 6.7 6.9 9.7 14.7 17.5 17.7 22.0 24.2 28.1 31.1 34.3 37.7 Capital goods 1.4 3.6 5.1 5.8 6.9 8.7 11.4 13.3 21.2 27.4 29.2 38.0 42.2 50.2 55.1 36 Manufacture of machinery except electrical machinery 1.3 2.4 2.6 3.8 4.9 5.5 6.5 7.1 8.2 11.4 14.1 20.6 22.4 27.4 30.6 37 Manufacture of electrical machinery apparatus, appliances and supplies 0.1 1.2 2.5 2.0 2.0 3.2 4.9 6.2 13.0 16.0 15.1 17.4 19.8 22.8 24.5 39 Miscellaneous manufacturing industries 1.5 2.8 3.8 4.3 5.6 8.9 11.6 15.6 18.5 21.8 22.5 26.7 32.6 33.9 35.4 a/ Roughly some 50 percent or more of the total should correspond to consumer chemicals rather than intermediate products, although the data are not sufficiently detailed to permit such distribution on an annual basis. Source: Central Bank. Table 8.3: COSTA RICA: PERCENTAGE DISTRIBUTION OF VALUE ADDED IN MANUFACTURING, 190-72 (in percentages) Prellminary ISIC BRANCH 19,0 195tr 1960 1965 1966 1967 1Q68 1969 1970 1971 1972 TOTAL 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Consumer goods 81.5 77.9 79.0 68.1 66.0 61.8 66.4 65.9 66.5 64.7 65.4 20 Food manufacturing industries 38.4 35.7 39.7 31.7 33.5 32.3 32.6 31.5 32.1 29.8 29.8 21 Beverage industries 15.3 15.1 14.1 13.3 12.6 12.6 11.1 11.9 12.0 12.3 13.2 22 Tobacco manufactures .7 4.8 4.5 4.6 4.5 4.6 4.9 4.7 4.5 h.3 4.2 23 Manufacture of Textiles 2.3 3.5 3.7 3.9 4.1 4.1 4.1 4.0 3.8 4.0 4.0 24 Manufacture of footwear, otier wearing apparel ard made-up textile goods 11.4 8.9 7.6 5.4 5.3 4.6 4.3 4.1 4.6 5.0 2.6 26 Manufacture of furniture and fixtures 3.b 4.6 3.7 3.1 3.0 2.7 2.9 2.7 2.7 2.7 2.5 28 Printing, publishing and allied industries 2.7 2.7 2.6 2.7 2.7 2.9 2.7 2.8 2.7 2.5 4.1 38 Automotive equipment 2.3 2.5 3.1 3.0 3.1 3.8 3.5 3.8 3.7 4.2 Intermediat oods 16.9 20.1 19.1 27.7 25.7 26.3 28.3 28.1 27.3 29.0 28.5 25 Manufactures of wood and cork, except manufacture of furniture 8.3 10.6 8.2 7.3 7.0 6.4 6.1 6.2 5.8 5.9 5.8 27 Manufacture of paper and paper products 0.2 0.2 0,3 1.0 1.0 112 1-2 1.1 1 11 112 1.2 29 Manufacture of leather and Leather and fur products, except footwear and wearirg apparel 2,4 2.1 1.3 0.7 0.7 0.8 0.9 0.7 0.6 0.7 0.6 30 Manufacture of rubber products 0.3 0.6 0.8 0.9 1.0 1.2 2.5 1.9 1.9 2.2 2.2 31 Manufacture of chemicals and chemical products 3.8 3.7 4.9 9.3 7.9 9.2 8.9 9.0 8.5 9.5 9.4 32 Manufacture of products of petroleum and coal - - - - - 0.3 1.8 2.1 2.1 2. 2.3 33 Manufacture of non-metallic mineral products, except products of petroleum and coal 1.8 2.4 2.7 4.4 4.4 4.5 4.3 4.5 4.6 4.6 4.6 34 Basic metal industries - - - 1.5 1.5 - - - - - - 35 Manufacture of metal products, except machinery and transport equipment 0.1 0.6 1.0 2.5 2.3 2.5 2.5 2.6 2.6 2.6 2,5 Capital goods 0.8 1 .1 1.1 1.9 2.7 3.1 3.0 3.5 3.5 3.8 3.7 36 Manufacture of machinery except electrica- machinery 0.7 0.8 0.5 1.0 1.0 1.3 1.4 1.9 1.9 2.1 2.0 37 Manufacture of electrical machinery apparatus, appliances and supplies 0.1 0.4 05 0.9 1.7 1.8 1.5 1.6 1.6 1 .7 1.6 39 Miscellaneous manufacturing industries 0.8 0.9 0.8 2.2 2.4 2.5 2.3 2.5 2.7 2.5 2.4 Source: Table 8.2. Table 8.4: COSTA RICA - GROSS VALUE OF I'DUSTRIAL PRODUCTION AND DISTRIBUTION OF ITS CONTRIBUTION TO THE GROSS DOMESTIC PRODUCT, 1960-71 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 Gross Value of Production 1,261 1,206 1,414 1,591 1,685 1,811 2,040 2,241 2,567 2,806 3,163 3,454 (in millions of current colones) Less: Purchases of intermediate goods and services 784 740 881 985 1 035 1 112 1 1,367 1,586 1730 1 952 2 126 Contribution co the Gross Domestic Product 477 466 533 606 649 700 778 874 980 l,7 1,210 1.328 Wages and Salaries 137 138 162 188 208 230 259 268 309 340 347 n.a. Interests 5 6 7 9 10 13 13 14 18 20 30 n.a. Allocation for the comsumption of fixe! capital 22 22 26 30 34 39 43 49 55 61 68 n.a. Indirect taxes 77 77 88 96 109 132 158 170 182 208 290 n.a. 1/ Profits - 236 223 250 283 289 287 304 375 416 447 476 n.a. (in percentages) Contribution to GDP/Gross value of production 38 39 38 38 39 39 38 39 38 38 38 38 Contribution to GDP 100 100 100 100 100 100 100 100 100 100 100 100 Wages and salaries 29 30 30 31 32 33 33 31 32 32 29 n.a. Interests 1 1 1 1 2 2 2 2 2 2 2 n.a. Allocation for the consumption of fixed capital 5 5 5 5 5 6 6 5 6 6 6 n.a. Indirect taxes 16 17 17 16 17 23 20 19 19 19 24 n.a. Profits 1/ 49 48 47 47 45 43 39 43 42 42 39 n.a. 1/ Includes dire,.t taxes. Source: Central Bank Table 8.6 COSTA RICA: INDUSTRIAL PRODUCTION, INPUTS AND SALES, 1965-1971 Prel. 1965 1966 1967 1968 1969 1970 1971 CIn millions of' colones ) Gross value of industrial production _ 1 2[ 2,241 267 2j806 3,163 Inusil 1261 1147 1,586 1 irL!'2 2_12 Inputs LL__ ,2 Agricultural products 57 797 Imported materials 344 325 387 473 520 680 740 Other goods and services 2/127 23 227 316 267 368 331 Value added in industry 700 778 874 980 1,076 1,210 1,328 Export sales 490 667 810 1027 1000 Semi-processed foodstuffs 31 7T 1 3 030 -7 Fully manufactured goods 129 182 198 270 280 356 392 Domestic sales 4/ 1,320 1,415 1,59 1,783 1,986 2,215 2,442 ( As percentage of gross value of industrial production ) Gross value of industrial production 1'100.0 100.0 100.0 100.0 .100.0 100.0 100.0 Inputs 61.8 61.o 61.9 61.7 61.8 61.6 Agricultural products 37.733T2 33.7 2WFT 30.7 Imported materials 2/18.9 1.9 17.3 185 18.6 21.6 215 Other goods and services- 7.0 11. 10.1 12.2 9.3 115 9.4 Value added in industry 38.7 38.1 39.0 38.1 380 38.2 38.b Export sales 27.1 30.6 29.0 32-6 29.1 Semi-processed foodstuffs 19.9 21.7 21.2 19.7 19.0 21.3 177 Fully manufactured goods 7.1 8.9 8.8 10.6 10.0 11.3 11.4 Dom1stic sales 72.9 69. 69.9 69.7 71.0 67. 70.9 I/ Not consistent w4ith total in table 8.1 since it includes cofftee and rood beverage industries. ?/ Residual, includes changes in inventories of materals. 3/Cofftee, suar and meat. Residual, includes changes in inventories of finished products. Source: Central Bank and IMT. Table 8.6: COSTA RICA - INDUSTRIAL CREDIT OF COMMERCIAL BANKS, BY AMORTIZATION PERIOD, 1965-72 1965 1966 1967 1968 1969 1970 1971 1972 (In millions of colones) Up to me year (working capital) 87.7 83.9 101.8 109.3 133.6 169.2 208.8 245.9 1 year or more (investment capital) 99.8 95.0 110.4 110.9 117.4 131.7 146.1 171.5 Total 187.5 178.9 212.2 220.2 251.0 300.9 354.9 417.4 (As a percentage of total industrial credit) Up to one year (working capital) 46.8 46.9 48.0 49.6 53.2 56.2 58.8 58.9 1 year or more (investment capital) 53.2 53.1 52.0 50.4 46.8 43.8 41.2 41.1 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Source: Central Bank. Table 8.7 COSTA RICA - IMPORT OF MANUFACTURED PRODUCTS BY BRANCH, 1958, 1964, 1968 In thousand of US dollars 1964 196d Total From CAGM Total From CACM Total From CACM Consumer Goods 1 0226.9 72 1 Food 11,292.9 32 12,022!5 1145. T3--Z2 5 ,674.9 Beverages 656.6 76.4 900.2 186.0 1,348.7 322.4 Tobacco 115.4 - 77.8 17.0 268.7 225.1 Textiles 10,967.7 43.3 14,472.9 876.0 25,561.7 12,718.0 Clothing and footwear 1,606.9 34.9 1,642.4 681.2 3,556.2 2,860.0 Furniture and fixtures 23.2 - 138.3 27.8 349.2 221.9 Printing and publishing 454.5 2.4 1,460.1 171.2 1,749.7 299.6 Consumer chemicals 6,968.0 10.0 9,431.0 1,052.6 15,135.0 4,994.0 Electrical appliances 1,910.0 0.9 3,527.9 16.0 5,762.4 355.2 Automotive 7,232.5 2.0 9,436.6 34.4 13,374.5 121.2 Intermediate Goods 36,o46.5 128.5 53,221 2 662.2 75_0_6. Wood products 310.2 - 1 2 Paper amd paper products 2,776.4 0.2 11,267.6 314.7 146898.6 1,371.3 Leather and products 678.1 1.0 11,667.2 6.2 965.4 109.9 Rubber products 2,223.5 - 2,994.9 292.1 3,187.6 1,246.9 Basic industrial chemicals 9,016.6 2.1 11,444.8 503.0 24,130.2 2,407.9 Petroleum and coal products 6,343.3 - 8,101.1 895.b 4,552.4 288.1 Non-metallic mineral manufactures 3,717.0 0.3 4,620.3 139.7 4,315.0 1,031.3 Basic metal industries 5,185.2 0.1 7,584.6 19L.8 14,743.4 1,412.8 Metal manufactures 5,792.2 124.8 6,728.4 279.1 8,424.0 1,282.4 Capital Goods 16 622.8 20.8 25,335.7 245.7 21 104.5 1 876.1 Mechanical machinery 15 T. . 19,077.7 96.T 1 ,U. 32. Electrical machinery o 0.4 5.107.1 53.7 7,501.1 1,691.5 Transport equipment 1,193.0 10.1 1,150.9 95.9 1,736.5 52.0 Others 3,296.1 9.9 4,072.5 286.4 5,911.1 801.4 TOTAL 136,017.2 7,711.3 1 51 .8 152.1 Source: Report of the Industrial Finance Mission to Central America, IBRD. 1971. Table 8.8: COSTA RICA: AVERAGE NOMINAL TARIFF FOR SELECTED PRODUCTS 1959 AND 1967 (In percentages) 1959 1967 Total 32. Consumer goods 58.1 85.5 Non-durable consumer goods 66.0 100.4 Processed goods 64.4 83.3 Beverages 403.0 299.0 Tobacco (cigarettes) 196.0 200.0 Pharmaceuticals and cosmetics 42.6 53.1 Clothing and textile manufactures 67.2 115.5 Other non-durable consumer goods 38.3 108.6 Durable consumer goods 39.9 51.5 Domestic utensils (furniture) 81.0 85.0 Domestic appliances 42.0 58.5 Vehicles and its parts 29.1 4o.3 Intermediate products 28.3 32.8 Fuels and lubricants 59.5 51.7 Raw materials and intermediate products for agriculture 1.8 9.7 Raw materials and intermediate products for industry 28.9 33.7 Construction materials 22.3 29.3 Capital goods 10.0 11.8 Capital goods for agriculture 8.8 9.2 Capital goods for industry 10.0 11.8 Transport equipment 8.3 12.2 Note: Based on selected products within each category. Percentages are unweighted arithmetic averages for the groups and sub-groups. Source: IBRD, Report of the Industrial Finance Mission to Central America, 1971. 1/ Table 8.9: WORLD ESTIMATED ALUINTUM SUPPLY/DEMAND RELATIONSHIP, 1972-77 ( In thousand metric tons ) 1971 1972 1973 1974 1975 1976 1977 Supply Beginning inventory 2/ 1,350 1,710 1,856 1,866 1,891 2,021 1,856 Presumable production7 3/ 8,630 9,250 9,945 10,700 11,650 12,435 13,01 Purchases from U.S. stockpile - 6 120 120 120 75 75 Net imports from CPCs 16o 90 145 205 210 225 235 Total Supply 10,1Li0 11,056 12,91 17, T11 Demand Consumption 4/ 8,430 9,200 10,200 11,000 11,850 12,900 14,000 Normal producers' stocks 1 050 1 150 1 275 1 375 1,480 1 61o 1 750 9- 10,350 1147 12!375 13,330 15,75U Excess stocks (+) + 600 + 706 + 591 + 516 + 541 + 246 - 574 1/ Excluding centrally planned countries. 2/ Assuming a rising scale from 91 percent in 1974 to 95 percent in 1977 of estimated capacity. 3/ Stockpile purchase timetable under the December 1972 agreement between GSA and producers concerned: Fiscal years Annual rate Totals 1973-75 120,000 tons 30,000 tons 1976-84 77,000 693,000 1985-90 Diminishing each year, from 71,594 tons in 1985 to 529 tons in 1990 222,000 Total, 1973-90 1,275,047 tons / Assumed as 1.5 months equal to 12.5 percent of market demand. Source: The Aluminum Ind-stry at the Turn of the Year, 1972-73, Aluminum-Zentrale, Dusseldorf, and IBRD, Economic Analysis and Projections Department. Table 8.10: COSTA RICA: ALUMINUM PROJECT: ROUGH ESTIMATES OF PRODUCTION COSTS OF ALUMINA 1 ($per metric ton) Local Foreign Total Production costs, FOB plant 12.26 42.49 54.75 Bauxite 3/ 4.22 6.34 10.56 Other raw materials 4/ 1.35 10.00 11.35 Mainte 3nce, materials and supplies 1.00 1.50 2.50 Labor - 51 4.14 - 4.14 Capital charges- - 24.00 24.00 Overhead and other expenses 0.60 0.65 1.25 Royalties 0.95 - 0.95 1/ Assumes a 600,000 metric ton per year capacity. 2/ Assumes 3.25 tons of bauxite per ton of alumina at $3.25 ,er ton of bauxite. Includes depletion allowance. Local expenditures (mainly salaries) assumed at 40 percent of total. 3/ Mainly caustic soda, steam and fuel. Local expenditures assumed at 10 percent of total. 4/ Local expenditures assumed at 40 percent of total. ' Assumed at 12 percent of capital. Source: IBRD mission estimates Table 8.11: COSTA RICA ALUMINUM PROJECT: ROUGH ESTIMATES OF COSTS, PROFITS AND TAXES OF ALUMINUM PRODUCTION 1 ($ per metric ton) Local Foreign Total Production cost, f.o.b. port 135.62 255.88 391.50 2/ 24.52 84.98 109.50 Alumin~- Power -4/ 61.20 6.80 68.00 Carbon and pitca 3.00 17.00 30.00 Bath materials - 1.20 10.80 12.00 All otqpr materials 2.00 18.00 20.00 Labor - 35.00 35.00 Overhead and othy expenses -8.00 12.00 20.00 Capital charges - 96.00 96.00 Freight to port 0.70 .0.30 1.00 Seiing price, f.o.b. port q 490.00 Taxable incomi0/ 98.50 Income taxes --29.55 29.55 Net profits 68.95 68.95 1/ Assumes a 270,000 metric ton per year capacity. 2 / AsSLIM-s 2 tons of alumina per ton of aluminum. Cost of alumina assumed at $54.75 per ton (see Table 8.21 0 -3/ Assumes 17,000 kwh per ton of output at 4 mills per kwh. Local expenditures assumed at 90 percent of total. W1 Local expenditures assumed at 10 percent of total. Assumes 14 man-hours per ton at $2.50 per hour. o/ .Local expenditures 40 pc-rcenL of toL'ai. il Twelve percent of fix-'ed investment of $215 million or about $800 per ton. 8/ Transportation from pla~nt to Punta Uvita PorL. 9/ Assumes U.S. market price per ton $500, miinLIS $10 for freight and insurance. 0/ Assumed at 30 percent of taxable income. NT Assumes 100 p-rcent foreign ownership with all profits remitted abroad. Source: Table 8.10 and IBRD mission estimates. Table 8.12: COSTA RICA: ALUMINUM PROJECT BALANCE OF PAYMENTS, 1975-2000 in millions of current dollars) 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 19-'0 2000 roods andoon-factor services, net -16.7 -51.0 -82.0 -103.0 -90.0 -23.8 106.5 109.2 112.0 114.7 117.6 132.2 170.7 - - - - 72.5 148.7 152.5 156.3 160.1 164.2 185.9 238.2 Imports 2/ -16.7 -51.0 -82.0 -103.0 -90.0 -96.3 -42.2 -43.3 -44.3 -45.4 -46.6 -52.7 -67.5 investment 2/ (-16.7) (-51.0) (-82.0) (-103.0) (-90.0) (-75.7) (-) (-) (-) (-) (.) production inputs (-) (-) (-) (-) (-) (-20.6) (-42.2) (-43.3) (-44.3) (-45.4) (-46.6) (-52.7) (-67.5) Net factor payments 3/ - -0.9 -2.4 -6.3 -10.7 -37.0 -75.6 -75.3 -74.8 -74,3 -73.8 -68.7 -69.0 Profits ad depreciation - 25.8 -52.1 -52.7 -53.2 -53.8 -54.3 -57.4 -64.7 Interet4 - -0.9 -2.4 -6.3 -10.7 -11.2 -23.5 -22.6 -21.6 -20.5 -19.5 -11.3 -4.3 Current account balance -16.7 -50.1 -84.4 -109.3 -100.7 -60.8 30.9 33.9 37.2 40.4 43.8 64.5 101.7 Capital inflow, net 4 25.0 75.0 120.0 150.0 130.0 109.0 -9.1 -9.8 -11.0 -12.1 -13.3 -21.2 -10.1 Direct investment- - 35.0 55,0 85.0 100.0 90.0 - - - - - - - Loans, net 25.0 40.0 65,0 65.0 30.0 19.0 -9.1 -9.8 -11.0 -12.1 -13.3 -21.2 -10.1 'DiebursementsA/ (25.0) (40.0) (65,0) (65.0) (30.0) (19.0) (-) (-) (-) (-) (-) (.) Amortization /(-) (-) (-) (H) (-) () (-9.1) (-9.8) (-11.0) (-12.1) (-13.3) (-21.2) (-10.1) Net foreign exchange earnings 8.3 24.9 35.6 40.7 29.3 48.2 21.8 24.1 26.2 28.3 30.5 43.3 91.6 Basic assumption: 1/ Production at 95% capacity (255,000 tons/year) price per ton $490 in 1972, assumed to grow by 25 per annum. 7 Import content of investments: (a) 70% for mining and refining complex; (b) 67% for power coriplex. Import content of production: (see Table 8.10). / Assumes that all net profits and capital charges (see Table 8.10) are repatriated. 4/ Assumes that: (a) Mining complex fully financed through direct investment from abroad (365 million). (b) Power complex ($244 million) financed as following (a) $44 million at 30 years (including 6 of grace) at 7 k interest; (b) $64 million at 30 years (including 6 of grace) at 10% interest; (c) $75 million at 15 years (including 5 of grace) at lo0 interest; and (d) $20 million in 20 years bonds at 8 interest. Source: Tables 8.9 and 8.10 and IBRD mission estimates. Tablc b.1 : COSTA RICA: ALUNINUM PROJECT: NATIONAL ACCO17\TS, 1975-2001 in millions) 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1990 2000 I. IN CURRENT DOLLARS By origin Contribution to CDP 8.3 24.0 38.0 47.0 40.0 85.2 106.5 109.2 112.0 114.7 117.6 133.2 170.7 Mining - - - - - 51.9 106.5 109.2 112.0 114.7 117.6 133.2 170.7 Construction and other 8.3 24.0 38.0 47.0 40.0 33.3 - - - - - - - By expenditure Investment 2.5 75.0 120.0 150.0 130.0 109.0 - - - - - - - Exports of goods and non-factor services - - - - - 72.5 148.7 152.5 156.3 160.1 164.2 185.9 238.2 Imports of goods and non-factor services -16.7 -51.0 -82.0 -103.0 -90.0 -96.3 -42.2 -43.3 -44.3 -45.4 -46.6 -52.7 -67.5 GDP 8.3 24.0 38.0 47.0 40.0 85.2 106.5 109.2 112.0 114.7 117.6 133.2 170.7 Fsctor payments (-) - -0.9 -2.4 -6.3 -10.7 -37.0 -75,6 -75.3 -74.8 -74.3 -73.8 -68.7 -69.0 GNP 8.3 23.1 35,6 40.7 29.3 48.2 30.9 33.9 37.2 40.4 40.9 64.5 101.7 1/ II. IN CONSTANT DOLLARS Bysoiin Contribution to GDP 7.9 22.3 34.4 41.6 34.5 71.7 87.4 87.4 87.4 87.4 87.4 87.4 87.4 Mining - - - - - 43.7 87.4 87.4 87.4 87.4 87.4 87.4 87.4 Construction and other 7.9 22.3 34.3 41.0 34.5 28.0 - - - - - - - GDP By expenditure Investment 23.7 69.6 108.7 132.6 112.1 91.7 - - - - - - - Exports of goods and non-factor services - - - - - 61.0 122.0 122.1 122.1 122.1 122.1 122.1 122.1 Imports of goods and non-factor services -15.8 -47.5 -74.3 -91.0 -77.6 -81.0 -34.6 -34.7 -34.7 -34.7 -34.7 -34.7 -34.7 GDP 7.9 22.3 34.4 41.6 34.5 71.7 87.4 87.4 87.4 87.4 87.4 87.4 87.4 Factor payments (-) - -0.8 -2.2 -5.6 -9.2 -31.1 -62.0 -60.3 -58.4 -56.6 -54.9 -45.1 -35.4 GNP 7.9 21.5 32.2 36.0 25.3 40.6 24.4 27.1 29.0 30.8 32.5 42.3 52.0 2/ III. IN CONSTANT COLONES By origin Contribution to CDP 54 152 236 285 236 491 598 598 598 598 598 598 598 Mining - - - - - 299 598 598 598 598 598 598 598 Construction and other 54 152 236 285 236 192 - - - - - - - By expenditure Investment 162 4/7 745 908 768 628 - - - - - - - Exports of goods and non-factor services - - - - - 418 836 836 836 836 836 836 836 Imports of goods and non-factor services 108 -325 -509 -623 -532 -555 -238 -238 -238 -238 -238 -238 -238 CDP 54 152 236 285 236 491 598 598 598 598 598 598 598 Factor payments (-) - -6 -15 -38 -63 -213 -425 -413 -400 -388 -376 -309 -243 GNP 54 146 221 247 173 278 173 185 198 210 222 289 355 1/ Assuming a 2.5% increase in prices. 2/ Average weighted 1967-69 exchange rate used (o6.85 = $1) Source: IBRD mission estimates.  Table 9.1 : COSTA RICA: PRICE INDICES, 1960-73 Average during period February 1965 1966 1967 1968 1969 1970 1971 1972 1972 1973 New wholesale price index (1966 = 100) n.a. 100.0 103.3 108.4 113.0 120.3 128.0 134.9 130.6 142.6 Foodstuffs: of animal origin n.a. 100.0 104.7 113.0 116.0 126.1 135.5 140.1 137.2 148.1 of vegetable origin n.a. 100.0 111.4 125.2 142.3 163.0 181.3 199.1 187.8 206.4 beverages and others n.a. 100.0 102.3 105.8 109.8 110.4 116.6 118.6 117.0 121.6 Fuel and electricity n.a. 100.0 99.1 102.9 104.5 106.6 112.5 118.4 115.4 119.7 Textiles and leather n.a. 100.0 102.6 105.8 112.3 119.0 117.9 126.3 121.5 139.3 Construction material n.a. 100.0 102.6 106.7 112.4 124.3 131.0 134.1 127.4 148.6 Chemicals and pharmaceuticals n.a. 100.0 98.4 99.3 99.8 102.1 105.2 110.0 106.4 115.8 Other manufactures n.a. 100.0 101.8 102.4 103.1 107.3 116.1 126.8 124.0 136.2 Old wholesale price index (1953 = 100) 112.7 113.2 116.7 119.3 121.7 130.4 134.8 137.9 - Consumer price index .1/ (1964 = 100) 99.3 99.5 100.7 104.8 107.6 112.6 116.1 - - Implicit GDP deflator (1967-69 = 100) 97.3 97.9 98.4 99, 101.9 107.7 113.0 119.6 - - Export price index (1967-69 = 100) 109.2 108.6 106.7 97.7 97.7 105.0 98.2 102.5 - - Import price index (1967-69 = 100) 92.4 95.5 98.5 98.9 102.2 107.2 110.7 114.2 - - Source: Central Bank, General Bureau of Statistics and Censuses, and IBRD. Table 9.2: COSTA RICA : MINIMUM WAGES IN SEIECTED TRADES, 1960-1974 1960 1962- 1964- 1966- 1968- 1970- 1972- 1960 1962- 1964- 1966- 1968- 1970- 1972- 1962 1964 1966 1968 1970 1972 1974 1962 1964 1966 1968 1979 1972 1974 (in colones per day) (index 1960-62 = 100) Agriculture Coffee: unskilled workers 8.50 9.00 9.00 10.20 10.70 12.00 12.90 100 106 106 120 126 141 152 Bananas: unskilled workers 13.50 14.00 16.00 16.00 16.80 18.50 20.80 100 104 119 119 124 137 154 Industry Sugar 11s: unskilled workers 7.25 8.do 10.20 10.20 10.70 12.00 13.60 100 121 141 141 148 166 188 Soft bjerages: skilled workers 13.60 14.40 16.oo 16.oo 17.60 20.20 23.00 100 106 118 118 129 149 169 Cigarettes: unskilled workers 9.80 10.00 12.00 12.00 14.00 18.40 21.00 100 102 122 122 143 188 214 Textiles: weavers 8.40 9.20 12.60 12.80 13.40 15.00 17.25 100 110 152 152 160 179 205 Shirts: seamstresses 10.80 12.40 13.20 13.20 14.30 16.10 18.05 100 115 122 122 132 149 167 Furniture: skilled workers 18.00 20.00 22.00 22.00 22.00 24.75 27.20 100 111 122 122 122 138 151 Newspapers: linotype operators 22.00 22.00 24.20 24.20 24.20 38.50 41.20 100 100 110 110 110 175 187 Leather: unskilled workers 12.00 13.20 14.80 14.80 16.30 18.60 20.85 100 110 123 123 136 155 174 Soap: unskilled workers 8.00 9.20 10.80 10.80 11.90 13.60 15.25 100 115 135 135 149 170 191 Car repairs: skilled workers 18.80 20.00 22.00 22.00 23.10 23.50 23.85 100 106 117 117 123 125 127 Construction Skilled workers 18.00 20.00 22.00 22.00 24.00 26.40 28.50 100 111 122 122 133 147 158 Unskilled workers 10.80 11.60 12.80 12.80 14.00 15.75 17.85 100 107 119 119 130 146 165 Commerce Storage and deliverymen 11.00 12.00 12.00 12.00 13.20 14.20 15.90 100 109 109 109 120 129 145 Services Cinemas: film operators 16.00 17.60 19.40 19.40 20.35 22.60 25.30 100 110 121 121 127 141 158 Radio stations: Announcers 26.40 28.00 30.80 30.80 32.30 38.15 48.00 100 106 117 117 122 145 182 Laundry and dry-cleaning workers 8.00 '8.80 11.20 12.40 13.00 14.80 17.00 100 110 140 155 163 185 213 Source: National Office for Wages. Table 10.1 : COSTA RICA: TOTAL NUMBER OF FOREIGN TOURISTS, BY ZONE OF ORIGIN AND TYPE OF TRANSPORTATION, 1960-72 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Total 42.1 46.5 49.4 61.6 64.2 85.0 98.9 111.1 118.8 121.9 154.9 170.4 202.3 By zone of origin Central Ararica 18.8 20.2 23.2 29.3 33.0 47.2 52.9 61.4 63.7 63.7 89.1 91.1 107.0 North America 13.8 15.2 16.3 20.5 19.1 24.0 30.6 32.3 35.4 36.6 39.8 49.7 60.4 Europe 4.1 4.3 4.3 5.2 5.3 6.2 6.8 7.9 9.3 10.0 11.6 12.3 14.1 South America 3.9 3.8 3.7 4.6 4.5 5.5 6.1 6.9 7.5 8.4 11.1 12.9 15.1 Other 1.5 3.0 1.9 2.0 2.3 2.1 2.5 2.6 2.9 3.2 3.3 4.4 5.7 By type of transportation Air n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 61.7 62.3 79.3 n.a. 94.5 Land n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 56.9 59.0 75.2 n.a. 107.4 Maritime n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 0.2 0.6 0.4 n.a. 0.4 Source: Costa Rican Institute of Tourism Table 10.2: COSTA RICA: TRANSPORTATION NODAL PARTICIPATION, 1960-70 Increase Increase 1960 1963 1969 1970 1960-70 1960 1963 1969 1970 1960-70 (millions of ton km.) (percentages) FREIGHT 451 568 890 978 527 100 100 100 100 100 Roads 354 483 734 799 445 78 84 82 82 Railways 1/ 90 77 13r 152 62 20 15 15 16 12 Coastal Shipping 2/ 6 7 6 6 - 1 1 1 1 Air 1 1 1 1 - - - - - Pipeline - - 20 20 20 - - 2 2 4 (millions of passenger km.) (percentages) PASSENGERS 2400 2871 4382 4717 2317 100 100 100 100 150 Roads 2301 2790 4249 6593 2292 96 97 97 97 99 Railways 73 59 106 96 23 3 2 2 2 1 Coastal Shipping 7 7 6 5 -2 - - - - Air 19 15 21 23 4 1 1 1 1 1/ Estimate does not include captive banana railroads. 2/ Only traffic with origin or destination in Puntarenas or Limon. Soirce- Ministry of Transport. Table 10. : COSTA RICA: LENGTH OF HIGHWAYS BY TYPE -/AND JURISDICTION, 1962-71 (in kilometers) Increase 1962 1963 1964 1965 .1966 1967 1968 1969 1970 1971 1962-71 TOTAL 13,823 14 406 16,060 17,610 17,675 18,060 18,421 18,795 20,575 20,98 7159 Paved 1,060 1,089 1,120 1,148 1,166 1,190 1,299 1,333 1,455 1,525 465 Improved 2,489 3,175 4,322 4,462 4,561 4,692 4,832 5,182 5,020 5,197 2708 Earth 10,274 10,142 10,618 12,000 11,948 12,178 12,290 12,280 14,100 14,260 3986 National Highways 1,161 1 1,317 1,351 1,407 14 1, 1 1,494 465 304 Paved 611 615 625 643 656 678 752 784 841 895 284 Improved 550 618 692 708 751 802 723 691 653 570 20 cgio-nal Highways 781 810 828 838 846 856 860 b60 850 866 85 Paved 345 371 371 381 386 391 426 426 503 519 165 Improved 427 439 457 457 460 465 434 434 347 347 -80 Feeder Roads 11,881 12,363 13,915 15,421 15,422 15,724 16,086 16,460 18,231 18,651 6770 Paved 95 103 124 124 124 121 121 123 111 111 16 Improved 1,512 2,118 3,173 3,297 3,350 3,425 3,675 4,057 4,020 4,280 2768 Earth 10,274 10,142 10,618 12,000 11,948 12,178 12,290 12,280 14,100 14,260 3986 Road km/100km 2/ 2/ 6.97 8.38 10.69 11.02 11.25 11.56 12.05 12.80 12.72 13.20 Road km/inhabitant / 3.76 3.72 3.70 3.75 3.88 3.79 3.79 1/ Paved = concrete or asphalt pavements ITprovpd = surfaced with gravel or selected materials Earth = trafficable only during dry season 2/ Includes only all weather roads (paved and improved) Source: Ministry of Transportation Table 10.4 : COSTA RICA: HIGHWAY INCOME AND EXPENDITURES: CURRENT AND CAPITAL, 1962-70 (in millions of colones) 1962 1963 1964 1965 1966 1967 1968 1969 1970 REVENUES 1 72.5 82.9 78.2 85.5 96.8 111-3 149.2 17b.0 Road user charges . 6. 6 59.3 763 .92 105.6 Import duties on vehicles 14.6 20.7 22.2 18.3 19.8 16.1 25.6 31.0 42.2 License fees 4.7 5.4 5.9 5.9 7.0 10.0 9.5 12.3 11.6 Fuel tax 8.5 20.6 30.3 24.6 31.3 25.8 33.9 38.2 42.5 Taxes on tires 2.2 2.8 2.6 2.7 3.3 4.0 4.2 3.9 5.2 Taxes on lubricants 0.5 0.4 0.5 0.6 0.5 1.3 0.7 0.9 1.1 Tolls - - - 0.9 1.9 2.1 2.4 2.6 3.1 Foreign loans 9.6 20.3 21.3 25.1 21.4 33.0 22.3 37.4 49.8 Foreign grants 9.0 2.3 0.1 0.1 0.3 1.5 12.7 22.9 22.6 EXPENDITURES 57.0 59.7 66.0 76.1 82.0 92.0 96.2 127.9 1L0.5 Construction and improvement 30.6 29.5 33.h 36.6 38.3 56.5 52.5 80.7 03,9 Maintenance and repairs 8.9 17.2 20.5 18.8 20.0 17.4 18.6 19.3 22.1 Interest 3.9 3.6 4.5 4.5 5.2 5.2 b.6 6.9 5.5 Administration 5.5 6.5 4.5 4.9 5.9 4.5 5.8 4.1 >.9 Amortization 8.1 2.9 3.0 11.6 12.7 9.0 14.7 16.9 23.1 Source: Ministry of Transportation Table 1o..5 : COSTA RICA: VEHICLE FLEET, 1962-71 Passenger Trucks Cars (Light & Heavy) Buses Total 1962 17,736 7,823 1,371 26,930 1963 18,630 8,195 1,505 28,330 1964 20,328 8,932 1,540 30,800 1965 22,733 10,195 1,952 36880 1966 27,154 12,287 2,058 41,499 1967 29,350 13,664 2,183 65,017 1968 31,813 15,107 2,338 49,256 1969 34,829 17,391 2,517 54,737 1970 39,260 20,413 2,736 62,409 1971 43,449 23,b8 3,001 69,898 Average rate of growth 1962-71: 9.01 11.0% 8.0% 9,5% Average rate of growth 1967-71: 7.9% 11.1% 6.n p.9a% Source: Ministry of Transportation 1/ Tablel0,6t COSTA RICA: COMPOSITION OF PORT TRAFFIC , 1966-72 ( in thousand tons ) 1966 1967 1968 1969 1970 1971 1972 Total Port Traffic / 831 771 904 1009 1367 1525 1654 By port: Limon 388 375 528 575 824 893 1078 exports 251 243 367 491 616 704 812 imports 137 132 161 164 208 189 266 Puntarenas 443 396 376 434 543 632 576 exports 82 88 120 127 153 186 167 imports 361 308 256 307 390 446 409 By type of merchandise: Exports 333 331 487 618 769 890 979 Bananas 136 137 230 373 516 562 710 Coffee 54 66 68 66 65 60 n.a. Cacao 6 6 5 7 2 - 6 Wood 3 3 7 3 2 1 4 Sugar 58 68 62 63 70 87 n.a. Meat 9 8 5 13 12 12 n.a. Fertilizer 23 18 41 34 26 54 n.a. Other 44 25 69 59 78 114 n.a. Imports 498 440 417 471 598 635 675 Petroleum 190 106 28 29 77 78 n.a. Fertilizer 69 79 104 .110 110 179 n.a. Wheat 24 43 63 78 68 54 n.a, Paper 22 22 39 45 64 61 78 Steel 44 44 62 75 86 72 n.a. Other 149 113 121 134 184 186 n.a. 1/ Includes only Limon and Puntarenas. Source: Ministry of Transport, JAPDEVA and INCOP.