Panama's 2010 Budget: $10.280 Million

The Economy Ministry presented Congress the General Budget for 2010.

Wednesday, September 2, 2009

$3.6 billion will be used for social investment, and $1.35 billion for paying sovereign debt.

Newspaper published comments by Alberto Vallarino, Economy Minister: "[the budget] ... was conceived within conservative expectations: 3.5% economic growth, 3% inflation and 5% unemployment".

More on this topic

Panama: 2012 Budget is $14,000 million

July 2011

The Ministry of Economy will present the state budget for fiscal year 2012 amounting to $14,000 million.

The budget for 2012 is $1,000 million more than in 2011 and $3,425 million more than the year before that, 2010.

Minister Alberto Vallarino attributed the historic budget "to economic growth and the millionaire income generated by tax reforms that have given the country 'investment capacity.’"

Nicaragua: 2011 Budget is $ 1.6 Billion

December 2010

The budget approved by the National Assembly is 10.8% higher than the current one.

The projected budget deficit for 2011 is $ 268.2 million which will be covered with grants and loans.

"The 2011 budget was prepared on a 3% forecast for growth of the Nicaraguan economy, inflation at 6.7 percent, a slide currency slide against the dollar of 5 percent and an average price of a oil barrel at $ 78.8 oil," Efe reported.

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%.”

Panama Allocates $6 Billion for Social Investment Budget

August 2010

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

The article in 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".

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