Panama: $ 13 billion Budget for 2011

The President enacted the law approving the State Budget for fiscal year 2011.

Wednesday, November 3, 2010


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The budget is 23% higher than the current $ 10,575 million.

EFE reports, "In the budget, 5,409.3 million will represent investments and 6,191.1 million operations, economic growth is expected at 6.5% and inflation at 3%.”

Present at the signing ceremony, which took place in the Salón Amarillo room of Palacio de las Garzas, was the Minister of Economy and Finance, Alberto Vallarino.

More on this topic

Nicaragua: 2011 Budget is $ 1.6 Billion

December 2010

The budget approved by the National Assembly is 10.8% higher than the current one.

The projected budget deficit for 2011 is $ 268.2 million which will be covered with grants and loans.

"The 2011 budget was prepared on a 3% forecast for growth of the Nicaraguan economy, inflation at 6.7 percent, a slide currency slide against the dollar of 5 percent and an average price of a oil barrel at $ 78.8 oil," Efe reported.

Panama: 2012 Budget is $14,000 million

July 2011

The Ministry of Economy will present the state budget for fiscal year 2012 amounting to $14,000 million.

The budget for 2012 is $1,000 million more than in 2011 and $3,425 million more than the year before that, 2010.

Minister Alberto Vallarino attributed the historic budget "to economic growth and the millionaire income generated by tax reforms that have given the country 'investment capacity.’"

Honduras Budget 2010: $6.3 Billion

September 2009

The budget approved by the Minister Cabinet includes 47% in health and education.

Gabriela Núñez, Finance Minister, stated that the new budget represents a 5.9% increase over last year.

"Nuñez explained that the 2010 budget will be financed with tax collection and funds from state enterprises, like the telephone and port companies", published Laprensahn.com.

Panama Approves Largest Budget in its History

October 2012

The National Assembly has approved a budget of $16.28 billion for fiscal year 2013.

The project, 12% higher than that of 2012, includes investments of $6.94 billion, $7.58 billion for operating expenses and $1.74 billion for servicing debt.

The budget was prepared under a scenario of economic growth of 8% and a fiscal deficit of 2.8%.

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