Panama Allocates $6 Billion for Social Investment Budget
The $13 billion budget presented to the General Assembly is almost $2.5 billion more than in 2010.
Wednesday, August 4, 2010
The article in Laestrella.com.pa reports that Panama's Minister for Economy and Finance, Alberto Vallarino, commented that, "of the $13 billion state budget, almost $6 billion (46% of the total) will go towards social welfare projects including the National Development Convention and fund sectors such as health, education, housing, transport, tourism as well as small and medium sized businesses".
Congress has passed the General Budget of Revenues and Expenditures of State for Fiscal Year 2012, amounting to $7,624 million.
The ministerial council has approved the state's budget proposal for the 2011 fiscal year.
The budget approved by the council of ministers represents a 10% increase relative to 2010.
40% of the $20 billion approved by the Legislature for the next year's budget will be allocated to investments.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar