Panama: Fiscal Figures up to June 2018


News from Panama / Tuesday, August 28th, 2018

In the first semester, the fiscal deficit of the non-financial public sector was 1.6% of GDP, registering an increase of almost $1 billion with respect to the same period in 2017.

From a statement issued by the Ministry of Economy:

The results of the Fiscal Balance of the Non-Financial Public Sector (SPNF), corresponding to the first semester of 2018, were presented by the Minister in charge of Economy and Finance, Eyda Varela de Chinchilla, at a press conference, which showed income totals in the order of B /. 5,723 million and total expenses of B /. 6.785 million.

For the period in question, the Fiscal Balance of the SPFN showed a deficit of 1.6% of the Gross Domestic Product (GDP). 

Current revenues of the General Government added up to B /. 5,567 million or 1.7% more, in the first semester of 2018, compared to the same period in 2017.

Read full statement (in Spanish).

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