Rocio Aguilar Minister of Finance speaks to the media after resigning from her place in San Jose, Costa Rica, October 23, 2019. REUTERS/Juan Carlos Ulate
SAN JOSE (Reuters) – Costa Rican Finance Minister Rocio Aguilar resigned on Wednesday in the course of a fiscal reform push aimed toward avoiding issues with future debt funds, however which has been sharply criticized over austerity measures.
Aguilar, a 62-year-old lawyer, stepped down after being formally rebuked by the nation’s comptroller, which known as for Aguilar to be suspended from her submit after accusing her of authorizing public debt funds final 12 months with out congressional approval.
Aguilar informed a information convention that she disagreed with the comptroller’s dedication.
“I solely remorse not reaching extra issues in fiscal issues,” she stated.
President Carlos Alvarado praised Aguilar’s report as minister in a submit on Twitter. “Her laborious work was key to stabilizing and cleansing up public funds,” he stated.
Aguilar’s resignation was welcomed by many upset along with her help for austerity measures, however lamented by those that help the fiscal reform she backed together with the Congress. The reform features a tax hike plus limits on public employee salaries.
Costa Rica’s economic system is predicted to develop 2.6% this 12 months, which might be the nation’s lowest growth price in a decade.
Reporting by Alvaro Murillo; Writing by David Alire Garcia; Enhancing by Leslie Adler