Politics of Costa Rica approved in 1969 limits presidents and deputies to one term, although a deputy may run again for an Assembly seat after sitting out a term. The prohibition was officially recognized as unconstitutional in April 2004, allowing Óscar Arias to run for President a second time in the 2006 Costa Rican presidential elections, which he won with approximately a 1% margin. The President of Costa Rica has limited powers, particularly in comparison to other Latin American Presidents. For example, he cannot veto the legislative budget, and thus Congress is sovereign over the year's single most important piece of legislation. On the
Libertarian Movement (Costa Rica) Libertarian Movement (Costa Rica) The Libertarian Movement Party (Spanish: "Partido Movimiento Libertario"; PML) is a political party based on classical liberalism in Costa Rica. It was founded in May 1994. After an important protagonism during early 2000s with its perennial nominee Otto Guevara among the main candidates and reaching third place in 2006 and 2010, it was affected by several corruption scandals and lack of funds, the party gradually suffered a debacle in 2014 ending in fourth on the presidential ticket, and fifth in Parliament. Later losing all its mayors in the mid-term local election of 2016, to finally having