Nicaragua: 2011 Budget is $ 1.6 Billion

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

Wednesday, December 1, 2010

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.

The budget does not include Venezuelan aid, which between 2007 and 2010 totaled $ 1.4 billion.

More on this topic

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%.

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.

Costa Rican Government Budget Up 17%

November 2010

The $ 10.8 billion budget approved on first debate by the National Assembly represents a nominal increase of 17% compared to 2010.

The proposed budget must be approved by the National Assembly by November 30th, as required by the Constitution.

"The spending plan will be funded 55% by current income and 44.6% with domestic placement of debt securities," wrote El Financiero on their website.

Panama: $ 13 billion Budget for 2011

November 2010

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

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%.”

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