Panama Allocates $6 Billion for Social Investment Budget

The $13 billion budget presented to the General Assembly is almost $2.5 billion more than in 2010.

Wednesday, August 4, 2010

The article in Laestrella.com.pa reports that Panama's Minister for Economy and Finance, Alberto Vallarino, commented that, "of the $13 billion state budget, almost $6 billion (46% of the total) will go towards social welfare projects including the National Development Convention and fund sectors such as health, education, housing, transport, tourism as well as small and medium sized businesses".

The budget forecasts income coming from the Panama Canal ($839 million) and public institutions ($278.4 million). In total $7.1 billion comes from Central Government, $3 billion from decentralized institutions, approximately $0.7 billion from public companies and $1 billion from finance companies.

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.

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).

Honduras: 2011 Budget of $7.04 Billion

September 2010

The budget approved by the council of ministers represents a 10% increase relative to 2010.

The document sets the country's 2011 budget at $7.039 billion of which 56.8% will be managed by the central government with the remaining 43.2% administered by decentralized institutions.

Panama: 2011 Budget is $13 Billion

July 2010

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

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.

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