Panama: Fiscal Figures up to September 2016

The non financial public sector deficit was $911 million, equivalent to 1.7% of GDP, improving the position by $103 million compared to 2015.

Wednesday, November 9, 2016

From a statement issued by the Ministry of Economy and Finance:  

The Minister of Economy and Finance (MEF), Dulcidio De La Guardia, presented today at a press conference the results of the Central Government and Non-Financial Public Sector (NFPS) Fiscal Balance for the third quarter of 2016.

"NFPS Total revenues reached B /. 8.236 million at the end of September 2016, representing an increase of B /. 650 million or 8.6% as a result of better performance in revenue collection and Central Government revenue from contributions for obligations to the Social Security Fund (CSS), among other factors," said De La Guardia.

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Panama: Fiscal Figures up to June 2018

August 2018

In the first semester, the fiscal deficit of the non-financial public sector was 1.6% of GDP, registering an increase of almost $1 billion with respect to the same period in 2017.

From a statement issued by the Ministry of Economy:

The results of the Fiscal Balance of the Non-Financial Public Sector (SPNF), corresponding to the first semester of 2018, were presented by the Minister in charge of Economy and Finance, Eyda Varela de Chinchilla, at a press conference, which showed income totals in the order of B /. 5,723 million and total expenses of B /. 6.785 million.

Statistics on Public Finances in 2017

March 2018

Panama's GDP grew by 5.4% in 2017, with transport, storage and communication activities standing out as the most dynamic, as a result of the Canal expansion.

From a statement issued by the Ministry of Finance in Panama: 

March 27, 2018 The Minister of Economy and Finance, Dulcidio De La Guardia, presented today before the plenary session of the National Assembly of Deputies a report on the General Treasury Account corresponding to fiscal period 2017.

Panama: Fiscal Figures at End of 2017

February 2018

Last year, the Central Government's current expenditures amounted to $6.712 billion, 8.5% more than in 2016, while capital expenditures totaled $3.730 billion, or 6.4% of GDP.

From a statement issued by the Ministry of Finance:

As of December 2017, the total revenues of the Central Government (CG) were B /.

Costa Rica: Interest Payments Put Pressure on Fiscal Deficit

July 2017

The fiscal deficit closed the first half of the year at 2.4% of GDP, up from 2.2% of GDP in June 2016, mainly due to an increase in the financial cost of debt.

From a statement issued by the Ministry of Finance:

At the end of the first half of 2017, the primary deficit (difference between income and interest-free expenses) remained similar to the previous year, at 0.9% of GDP. The fiscal deficit increased from 2.2% of GDP up to June 2016, to 2.4% of GDP in the same period of the current year, as a result of an increase in the financial cost of debt.  

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