State Payroll Spending Up 8% in 2018

During last year, the Panamanian state spent $3.925 million in salaries to public officials, 8% more than what was reported in 2017, a rise that is explained by the year on year increases reported in the first months of 2018.

Monday, February 25, 2019

Figures from the General Comptroller of the Republic detail that between 2017 and 2018, spending on salaries for public employees increased $298 million, going from $3.627 million to $3.925 million.

The Comptroller's Office report states that the Gross Salary accumulated from the Public Sector payroll in December 2018 totaled $341 million, of which $317 million correspond to permanent employees and $24 million to temporary employees.

"Broken down by Sector, the amount of the December 2018 payroll ($340.5 million) consists of $211 million paid to Central Government officials and $129 million to Decentralized Sector officials.

Compared to December 2017, the institutions that recorded the greatest increases were: the Social Security Fund with $5.3 million, the University of Panama with $934 thousand, the National Bank of Panama with $466 thousand, the Autonomous University of Chiriqui with $382 thousand, the Savings Bank with $259 thousand, the Transit and Land Transportation Authority with $243 thousand, the Technological University of Panama with $154 thousand, Empresa Metro de Panamá, SA with $153,000, the Specialized University of the Americas with $151,000, the Panama Tourism Authority with $111,000, the National Public Services Authority with $101,000 and the Urban and Household Cleaning Authority with $83,000,
" explains the document.

See full report.

¿Busca soluciones de inteligencia comercial para su empresa?

Do you need to keep track of the key economic indicators in Central America?

Request more information about our Regional Economic Monitor.









this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

State Payroll Spending is Increasing

October 2018

The Panamanian government has spent $2.580 million in salaries for civil servants from January to August this year, 10% more than had been reported in the first eight months of 2017.

According to figures from the Office of the General Comptroller between January and August 2017 and the same period this year, the expenditure on salaries for civil servants increased by $241 million, from $2,339 million to $2,580 million.

Spending on Public Wages Up 12%

July 2018

Between January and June, the Panamanian State disbursed $1.915 billion in salaries to public officials, 12% more than the $1.708 billion reported in the first semester of 2017.

The Office of the Comptroller General of the Republic reported that the cumulative gross salary of the Public Sector payroll in June 2018 amounted to $333.3 million, of which $312.2 million corresponds to permanent officials and $21.1 million to interim staff.

Panama: State Expenditure Up

July 2017

The value of salaries for public employees increased by almost $80 million between June 2014 and April this year.

"... The payroll of employees in state institutions has not stopped growing in terms of number of employees and in salaries since 2014. Figures compiled by the Office of the Comptroller General of the Republic indicate that in June 2014, salary expenses were around $215 million, while in April this year the figure was $291 million."

The Increase in Bureaucracy in Panama

June 2016

Suffering from an attack of Burocratitis, perhaps passed on by its neighbor Costa Rica, Panama has added almost 10,000 people to the list of civil servants on the government payroll in the last year, which is an increase of 8% in state spending on wages.

The nominal increase in spending on wages of state employees was $17.8 million between April 2015 and April 2016, according to data from the Comptroller General of the Republic.  In terms of the number of officials, the growth rate in April 2016 compared to the same month in 2015 was 9,925 people or 4.8%.

ok