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Annual Report 2013 www.recope.com
Expenses executed totaled ¢1,619,362 million, which were mainly financed by the
sale of fuel, bonds and other income. A total of 90.77% corresponds to payment of imported
fuels, 2.72% to compensations, 2.72% for
goods and services, taxes and others, 0.86%
to transfers and debt, 0.58% to financial assets
and 2.35% to investments.
The total of 90.77% of imports
includes fuel taxes, known as the Single Tax,
which is the most important tax received by
revenue services in Costa Rica. It represents
a constant and sure income, which totaled
¢378,000 million in 2013.
The Single Tax was created by
Legislature in the year 2001, through Law No.
8114. Currently, this tax corresponds to 31% of
the gasoline price and 21% of the diesel price,
although it is truly a fixed amount adjusted
with the inflation index for every quarter. This
tax affects production and sales prices, which
are promptly transferred to the tax authorities
on the 15th day of every month.
DISBURSEMENTS ACCORDING TO BUDGET REPORT
(MILLION OF COLONES)
Note: The exchange rate paid for Budget Execution was 501.57 per dollar.
Expense
Amount
Percentage
Payments for imported fuels
Compensations
Goods and services, tax and others
Transfers and debts
Financial assets
Investments
TOTAL
1.469.932
44.118
44.088
13.939
9.406
37.879
1.619.362
90,77%
2,72%
2,72%
0,86%
0,58%
2,35%
100%