Debt grows but remains in lockstep with Economic Growth

Economy

The debt of the non-financial public sector increased by $ 322 million during the last year and stood at $ 24,376.7 million at the end of July.

$ 24,386 million debt
Since 2014, when the government of President Juan Carlos Varela began , the increase is $ 6,750 million, according to the reports of the Public Financing Directorate.

The growth of the economy in this time has made the relationship between debt and gross domestic product remain stable, below 40%.

READ MORE:https://impresa.prensa.com/panorama/Deuda-crece-millones-ano_0_5109239096.html

No Comments

Leave a Reply

Your email address will not be published.

Economy
Panama trying to recover construction to pre-COVID levels.

Historically, the construction sector is one of the main engines of economic growth in Panama.¬†But during the covid-19 pandemic it was one of the most affected, falling by up to 50% (2020), and to date it has not achieved the growth levels it had before (pre-pandemic). The construction sector will …

Economy
Keeping an eye on Panama inflation.

Until October 2022, inflation in Panama accumulates a growth of 3.1%, compared to the same period in 2021. Only in October it reflected a year-on-year variation of 1.7%, according to the Consumer Price Index (CPI), of the Institute National Statistics and Census (Inec) published by the General Accounting Office of …

Economy
PANAMA job market is reaching point of tipping over.

“I have been out of work for four months. I’m looking for anything. The situation is very difficult!”¬†exclaimed Jackeline Aguilar almost bursting into tears, as sweat ran down her pink cheeks due to the sweltering sun. The almost 40-year-old woman is among the more than 30,000 attendees who came from …