Panama's Fiscal Deficit Doubles

The deficit of the nonfinancial public sector rose from $ 252.6 million in 2009 to $ 511.7 million at the end of 2010.

Friday, February 18, 2011

Even though revenues increased by 9.7%, to $ 6,873.9 million, expenditures rose by 13.3%, to $ 7,385.7 million.

"The deficit represents 1.9% of the projected gross domestic product (GDP) under the 2010 budget ($ 26,728,000), staying within the guidelines of the Fiscal Social Responsibility Law, which last year allowed for a deficit up to 2.5%," reports the article in Prensa.com.

More on this topic

Costa Rica: Alarming Growth of Fiscal Deficit

December 2012

The primary deficit, which only takes into account regular revenues and expenses, excluding interest payments on existing debt, grew by 25.5% between January and November, reaching $970 million.

From the blog Pulso Bursátil by Aldesa:

Data on government finances to the end of November reveals nothing positive and, in contrast, shows an alarming growth rate for the year 2012.

Costa Rica’s Fiscal Deficit Stops Rising

November 2012

The 10% increase in revenues will offset the 9.5% increase in central government spending, leaving the fiscal deficit at 3.5% of GDP, slightly below the October 2012 cumulative.

A statement from the Ministry of Finance reads:

Government deficit to October is slightly lower than in the same period last year

Salvadoran Government Continues to Increase Spending

March 2012

In order to alleviate the growing fiscal deficit, the Government has introduced a series of loans for approval by the legislators of the present Legislature, which will change in late April.

El Salvador faces a difficult fiscal situation and low macroeconomic growth, high state debt, deficit increased by excessive public spending and the absence of any agreement with the IMF since late 2011.

Guatemalan Deficit Doubles

November 2010

In the past 3 years, the fiscal deficit rose from $ 595 million in 2008 to $ 1,226 million in 2010.

The rapid growth of public spending was financed with more debt and bonds. Experts consulted by El Periódico noted that this scenario will force the next administration to push for a tax reform.

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