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$1 billion Panama has become a paradise for subsidies

Wednesday, October 20, 2010


Panama’s government is spending about $1 billion a year on subsidies and fiscal incentives.
 
Programs include universal scholarships for $143 million, the Oportunidades poverty-relief program for $38 million, $60 million for bottled gas, and subsidies on electricity bills for $65 million.
 
Additional recourses were used to finance relief from export taxes for $54 million and preferential interest rates for home loans on $73 million.
 
 
Original source (in Spanish): La Estrella