During the first five months of 2012, the Colon Free Zone in Panama registered a trade surplus of $870.2 million.
A press release from the Ministry of Economy and Finance of Panama reads:
During the first five months of 2012, the Colon Free Zone registered a trade surplus of 877.2 million balboas ($877.2 million), after recording re-exports worth 6.6624 billion balboas ($6.6624 billion) and imports worth 5.7852 billion balboas ($5.7852 billion), as reported by the Department of Economics and Social Analysis of MEF through a report.
Costa Rica recorded a fiscal surplus of US$173 million in the first four months of the year, providing the government with more funds to invest in security and agriculture, Finance Minister Guillermo Zúñiga said.
Thanks to the surplus, Costa Rican will face no problems in achieving its state spending objectives for this year, Zúñiga said. Besides agriculture and security, more funds would also be available to fight poverty.
For the first time in more than five decades, Costa Rica ended 2007 with a fiscal surplus of $173.5 million, equivalent to 0.65 percent of gross domestic product,the Ministry of Finance reported today.
Guillermo Zuniga, minister of this portfolio, explained in a press conference that this surplus is due to a strong increase in the collection of taxes, which this year totaled 4,105 million dollars, 28.5 percent more than in 2006.
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Represents the Company RTS INTERNATIONAL, Inc. of Kansas Cyty, TX, USA, for the territory of Guatemala and Central America. RTS finance exports through Factoring system.
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