Fitch warns Panama finance chiefs

The approval of the law that raises Panama’s fiscal deficit limits for this year and next will lead to a further weakening of the dynamics of public debt says the Fitch Ratings agency.

"The modification of the deficit ceiling follows a pattern of a decade of postponement in fiscal consolidation goals that has weighed on the credibility of fiscal policy,", the agency said, according to Newsroom Panama., Prensa Libre reported in Spanish.