Administration sees Public sector debt rise over $30 Million

Economy

The total debt of companies linked to the public sector in Panama totaled $ 31,445 million, according to official reports from the Ministry of Economy and Finance (MEF) and the Panama Canal Authority (ACP).

According to reports from the Public Financing Directorate of the MEF, the debt of the Non-Financial Public Sector (SPNF) amounted to $ 24,232.7 million in June 2018. On the other hand, until May 2018, the debt of the separate companies of the SPNF was located in $ 2,413.7 million, debt contracted through turnkey projects totaled $ 1,105.4 million and accounts payable for judgments executed against the Panamanian State reached $ 87.2 million.

On the other hand, there was access to the last financial report of the ACP, which shows that the Canal’s liabilities totaled $ 3,606 million as of September 2017. In this regard, previously, the ACP has argued that “the Panamanian State is not responsible for the debt of the Panama Canal. ‘

 

READ MORE:http://laestrella.com.pa/economia/deuda-total-sector-publico-suma-31445-millones/24075362

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