According to the IMF[1] (the source for the table below), in most years recently Costa Rica has run fiscal deficits, but in 2007 and 2008 small surpluses were reported. Combined with some growth of the economy this has produced a decline in the debt-to-GDP ratio. The year 2009 saw a significant decline in the state of public finances and the IMF is forecasting deficits from 2010 to 2013.