Panama Maintains Fiscal Surplus

At the 2008 closing and for the third consecutive year, the financial balance of the state had a positive balance.

Friday, February 13, 2009 publishes: "The fiscal surplus of last year was $97.8 million, 585.2 million less than that of 2007."

"Measured as a proportion of the gross domestic product (GDP), the surplus grew from 3.5% to 0.4% in that period (see graphic). The slimming down is owed to the fact that public expenses grew a lot more than revenues in 2008."

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Panama's Tax Figures up to June 2013

August 2013

In the first half of the year Central Government revenues increased by 7.5% compared to the same period in 2012, totaling $3.043 billion.

The fiscal balance published by the Ministry of Economy and Finance in Panama:

Fiscal performance of Central Government income:

Total revenues amounted to $3.0433 billion, representing growth of 7.5% compared to the same period in 2012.

El Salvador: Complaints Over Fiscal Discipline

May 2012

The governments cash-strapped position is reflected by delays in payments, while it increases short-term public debt and the IMF has suspended the precautionary agreement.

"Public debt in El Salvador between March 2011 and March 2012 increased by $450 million (+4.3%) to $13,232,000.

Costa Rica continues to have fiscal surplus

August 2008

At the close of July there was a budget surplus of $271 million in spite of the economic slowdown.

This is because there has been a reduction in tax evasion, according to reports from the Minister of Finance, Guillermo Zuniga.
The Minister said that earnings from taxes grew by 25.8% in the first seven months of the year, the same period in which Costa Rica has felt the effects of the economic difficulties in the United States, its main trading partner.

Costa Rica records US$230 million first-half surplus

July 2008

Boosted by a 25 percent increase in tax income, Costa Rica's government recorded a US$230 million surplus for the first half of the year.

"This is very good news. The surplus is four times what is was in the first half of 2007," Finance Minister Guillermo Zúñiga told a press conference.

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