Panama: The Results of the Expanded Canal

At the close of fiscal year 2017, the operation of the Canal generated surpluses of $1,194 million, 90% more than in 2016.

Friday, December 15, 2017

From a statement issued by the Panama Canal Authority:

The Board of Directors of the Panama Canal today gave approval to remit to the National Treasury surpluses of B / .1,194 million corresponding to fiscal year 2017, an increase of 89.2% compared to 2016 which reaffirms the Panamanian capacity to administer the interoceanic route in an efficient and profitable way.

When approving the financial statements of the Panama Canal for the period from October 1, 2016 to September 30, 2017, the Board of Directors declared B / .1,194 million as economic surplus as a result of the operation of the waterway.

On top of this economic surplus, is added a further B /. 454 million in concept of right per ton of transit through the Canal, plus B /. 2 million in payment for services rendered to the Canal by other entities of the State, which makes a total of B / .1,650 million in direct contributions to the National Treasury.



More on this topic

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 /.

Panama: Tax Figures - I Semester 2017

August 2017

Total revenues from the central government grew by 2% compared to the same period in 2016, while total expenditures fell by 2.1%.

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

Total revenues of the Central Government for the first half of the year amounted to B/3,537 million, that is to say they increased by B/.64 million or 1.9% with respect to the same period in the previous year, explained the Minister Of Economics and Finance, Dulcidio De La Guardia today in press conference.

Panama Canal Makes Over $1 billion in Profits

December 2012

For the second consecutive year contributions from the Canal to the Panamanian State exceeded one billion dollars, totaling $7.61 billion in the 13 years of local administration.

Canal earnings projections for fiscal 2012 were about $951 million, and the end result exceeded those expectations, reaching $1.03 billion.

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