Panama: $9 Billion for Investments

The 2019 budget approved by the National Assembly includes almost $9 billion for investments and $2.943 million for debt service.

Thursday, November 1, 2018

Panamanian authorities informed that the approved project includes an adjustment of 350 million balboas additional to the budget initially budgeted by the Ministry of Economy and Finance (MEF).

According to a MEF statement, from this total, $8,996 million are for investments, another $11,930 million will be used for the functioning of the State, and $2,943 million for debt service.

The document points out that this budget will contribute to the continuity of State projects during the transition period and the beginning of the next government.

Likewise, it complies with what was established in the recent amendments for the strengthening of the Fiscal Social Responsibility Law of a 2% Deficit.

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