Panama's public debt close to $11 billion

Public debt in Panama totalled 10.908 billion dollars in June, according to the Office of Public Credit Management of the Economic and Finance Department.

Tuesday, July 22, 2008

This was 184 million dollars higher than in May and 1.676 million dollars above the mark of September 2004, when President Martín Torrijos came to power.
Most of the debt - 6.775 million dollars - is in the form of bonds in the international market.

More on this topic

Panama Issues $125 million in Bonds at 3%

June 2015

Treasury debt securities maturing in 2019 were issued with a weighted average yield of 2.947%, 1.54% were awarded over the US Treasury benchmark

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

The Republic of Panama, through the Ministry of Economy and Finance (MEF), issued $125 million in Treasury Notes maturing in 2019 with a coupon of 3.00%, in order to partially finance the needs of the General State Budget for fiscal year 2015 and to diversify sources of funding from the national government.

Costa Rica's Public Debt Problem

March 2013

The Comptroller General is concerned about the medium-term sustainability of Costa Rican public debt.

From a summary of a report by the Comptroller General of the Republic entitled "Analysis of Public Budgets 2013":

Status and prospects of the Costa Rican economy

In 2012, inflation and economic growth closed at 4.6% and 5.1% respectively, ranking within the ranges specified in the review of the Macroeconomic Program of July of that year. On the fiscal front, the central government implemented a $5.58 billion spending plan (24.6% of GDP) and recorded a financial deficit of 4.4% of GDP (according to the Macroeconomic Program 2013-2014), closing with a debt 35.3% of GDP, the latter indicator exceeding 50% of GDP for the public sector overall.

Panama's Public Debt, $12.988 million

December 2011

In November, the public debt balance was $12,988, $1,331 million more than a year ago.

The November figures are $463 million more than that projected by the Ministry of Economy and Finance for the end of 2011, which was $12.525 million.

Roberto González writes in Prensa.com , "Compared to November 2009, in the first year of Ricardo Martinelli’s administration, the variation in the balance of public debt rose by $1,700 million, a figure similar to what the government is investing in the construction of the first Metro line in the country. "

Panama's Public Debt Rises 5.6%

January 2011

Preliminary figures indicate public debt in 2010 closed at $ 11.585 million, $ 613 million more than in 2009.

If the data is confirmed, the 5.6% increase would be the largest reported since 2004.

The Ministry of Economy and Finance (MEF) estimates that the relation between debt and gross domestic product (GDP) will be approximately 42.6%, well below the 70% levels the country had during the early years of the 2000 decade," reports Prensa.com.

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