The Ministerio de Educación (MEP) – Ministry of Education – tops the list of the 10 top public institutions spending the most on wages, followed by the Caja Costarricense del Seguro Social (CCSS) – Social Security in English.

According to a report by El Financiero, the MEP spends ¢991.7 billion colones annually on wages, while the CCSS ¢946.1 billion. See chart below.

Following the list (in order) are the Poder Judicial (Judiciary) with ¢255.2 billion; the Universidad de Costa Rica (UCR) – Costa Rica’s main university with ¢132.7 billion; the Ministerio de Seguridad (nation’s security), with ¢123.6 billion; the Banco Nacional (BN) at ¢111.9 billion; the Banco de Costa Rica (BCR), ¢93.4 billion; the Banco Popular, ¢62.9 billion; the Ministerio de Justicia, ¢62.5 billion; and the Fuerza y Luz (power and light company), ¢59.3 billion.

However, if ordered by public institution with its percentage of the annual budget consumed by salaries, the Poder Judicial tops the list with 88%, the MEP with 63% and CCSS with 40% of its spending on salaries.

The Banco Nacional, Banco de Costa Rica and Banco Popular are the country’s three of four State owned banks and have a combined salary spending of ¢268 billion.

Article by QCostaRica.com