Panama: 2011 Budget is $13 Billion

The ministerial council has approved the state's budget proposal for the 2011 fiscal year.

Wednesday, July 28, 2010

The proposal is 46% capital expenditure, an increase of 4% on 2010 when it was 42%. This is consistent with the Martinelli administration's policy of prioritizing investment over operating costs.

As such, running costs for the 2011 fiscal year make up 54% of the total budget, reflecting a 4% decrease.

The ministerial council also authorized the Economy and Finance Minister, Alberto Vallarino, to present the state budget bill to the National Assembly. Vallarino indicated that he expects to do this on Thursday 29 July in compliance with article 184, number 7 of the country's constitution.

More on this topic

Panama Approves 2016 State Budget

November 2015

40% of the $20 billion approved by the Legislature for the next year's budget will be allocated to investments.

Bill 225, which dictates the general state budget for fiscal year 2016, amounting to 20 thousand 106 million balboas, was approved on its third reading by the plenary of the National Assembly.

Guatemala Approves Budget of $8.52 billion

October 2012

The General Budget for Revenues and Expenditures for fiscal year 2013 has been approved by the Congress of Guatemala through an express approval.

The law provides for tax revenues of $6.42 billion, placement of treasury bonds for $689 million, external borrowing of $932 million and $463 million in non-tax revenues and grants.

Guatemalan Congress Approves 2012 Budget

November 2011

Congress has passed the General Budget of Revenues and Expenditures of State for Fiscal Year 2012, amounting to $7,624 million.

A press release by the Congress of the Republic of Guatemala reads:

With 100 votes and the opposition of the National Unity of Hope and Renewed Democratic Freedom bench, the House of Congress approved Decree 33-2011, which approves the General Budget of Revenues and Expenditures of State for Fiscal Year 2012, amounting to 59, 547 million quetzals ($ 7,624 million), 70 % of which is to be funded from income tax, as well as the placement of treasury bonds amounting to 7,500 million quetzals ($ 960 million).

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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