Costa Rica's government debt is expected to rise significantly through 2031, according to emerging trends in the country’s financial landscape. This increase is partly due to ongoing issues such as frequent power outages experienced by households, which have averaged six interruptions per home in 2025. These outages, lasting an average of 8 hours each, were reported to occur nearly 54,000 times, highlighting the need for increased investment in infrastructure and potentially leading to higher borrowing needs to address these challenges.

The rising debt levels could impact the country's creditworthiness and interest rates on its sovereign bonds, making it crucial for the bond desk to monitor these developments closely. The increasing frequency of power outages suggests that the government may need to allocate more resources towards energy sector improvements, which could affect the overall fiscal health and debt sustainability of the country.