Panama: Fiscal Deficit was 1.5% of GDP at Close of 2016

  • Wednesday, February 15, 2017
Compared to 2015 the central government's revenue and expenditure grew by 6% and 8%, respectively, and the fiscal deficit was 1.5% of GDP.
From a statement issued by the Ministry of Economy and Finance: 

The Ministry of Economy and Finance (MEF) today introduced the Fiscal Balance of the Central Government and Non Financial Public Sector (NFPS) of Panama for December 2016, highlighting an increase of $466 million in tax revenues and savings of $2,530 million in the NFPS.

Dulcidio De La Guardia, Minister of Economy and Finance, noted that total central government revenues amounted to 7.677 billion dollars, representing an increase of 5.6% (409 million dollars) compared to 2.4% in the same period in 2015.

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