Costa Rica’s fiscal accounts experienced a slight deterioration in 2023 compared to the previous year when a primary surplus of 2.1% of GDP was recorded. Still, the outcome surpassed the target of the current Extended Fund Facility (EFF) program. Revenue stood at 15.3% of GDP, with primary spending at 13.7%. Interest payments rose to 4.8% of GDP, leading to an overall fiscal deficit of 3.3%, up from 2.5% in 2022. The public debt ratio concluded the year at 61.1% of GDP, a decrease of 1.9 pp from 63.0% at the end of 2022.