Drop in Panama's debt expect at the end of 2008

Even though the public debt has gone up $383 million so far this year, all seems to indicate that this increase could be reversed by the close of this year.

Tuesday, August 19, 2008

Some private sector analysts are betting that the total will decrease.
"During the first semester of the year, the Government received close to $500 million more that what was budgeted and therefore can reduce the debt using those funds. The debt should go down," said financial expert Domingo Latorraca, from the Deloitte firm.

More on this topic

Panama: Reducing the Debt / GDP Ratio

October 2016

The balance of public debt as of September 30 reached $21 billion, while current state revenues cover 10 times its obligations for interest and fees.

Despite the increase recorded in the total public debt in recent years, growth of gross domestic product has reduced the debt / GDP ratio from 66% in 2005 to 38% in 2015.

Debt to GDP Ratio 40.5% in Panama

June 2012

This indicator has fallen 26 points since 2000 and the current public debt of the State is $13,663.9 million.

"The balance of the public debt amounted to $13,663.9 million as of 30 April this year, representing an increase of $849.7 million compared to the balance as of December 2011.

Panama's Public Debt Rises 5.6%

January 2011

Preliminary figures indicate public debt in 2010 closed at $ 11.585 million, $ 613 million more than in 2009.

If the data is confirmed, the 5.6% increase would be the largest reported since 2004.

The Ministry of Economy and Finance (MEF) estimates that the relation between debt and gross domestic product (GDP) will be approximately 42.6%, well below the 70% levels the country had during the early years of the 2000 decade," reports Prensa.com.

Salvadoran Public Debt Reaches 17% of GDP

May 2010

The public debt of El Salvador would reach $3.67 billion in 2010, or 16.9% of its gross domestic product (GDP).

In 2009, the Legislature approved new loans for $2.76 billion. The executive has recently stated that an additional $886 million are required to face short term obligations.

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