Between the months of April 2017 and 2018, the country’s public debt rose from $21.922 million to $24.8 million, which is equivalent to an increase of 13%.

According to figures from the Ministry of Economy and Finance in Panama, in the first four months of the year, debt has also reported an increase, rising from $23.373 billion recorded at the beginning of January to $24.8 billion computed at the end of April, which represents a 6% increase.

At the end of the first four months of 2018, 79% of the total public debt corresponded to external debt, and the remaining 21% to internal debt. 

As of April 2018, most of the external debt corresponded to obligations to private creditors, adding up to $14.269 billion, and the remaining $5.385 million belongs to debt with public creditors.

See details of the figures. (In Spanish)