Fiscal Results, Pension System and Politics

PANAMA - Report 01 Dec 2015 by Marco Fernandez

The fiscal results to September 2015 released by the Ministry of Economy and Finance showed an overall deficit of the NFPS of $903 million (-2.3% of GDP[1]), smaller than last year’s (-5.8% of estimated GDP1). Although this figure represents sound public finance management, the main reason the deficit decreased was the reduction of capital expenditures because of the delay in executing the public investment program.

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