Panamanian Government Revenue Down 20%

In January 2009, the income of the Panamanian government was $267.5 million, $67 million less than in January 2008.

Tuesday, March 24, 2009

According to a report in, the drop is the result of "a decrease in regular income which was down by 20.4%," while tax revenue,"increased but suffered a sharp slowdown."

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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.’"

Panama’s Budget Increases by 13%

July 2012

The president of Panama has presented the budget for fiscal year 2013, which is 12.6% more than 2012’s.

From a press release from the National Assembly of Panama:

The bill for the general government budget for 2013 amounts to the sum of $16.268 million, an increase of 12.6% compared to the budget for 2012.

Nicaragua: 2012 Budget at $1,900 million

September 2011

The budget for next year represents an increase of 16% compared to this year.

The figures were released by the Deputy Minister of Finance and Public Credit, Ivan Acosta.

The representative added that the government is receiving more income from taxes, "which corresponds with the behavior of productive activity, exports and investments", reported

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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