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Martinell forecast to increase Panama debt by a third

Tuesday, July 19, 2011


In 2014, after the conclusion of Ricardo Martinelli’s presidency, Panama’s public debt will stand at $14.8 billion, according to official projections.

If the forecasts turn out to be accurate, the debt will have risen by $3.88 billion or 35 percent since Martinelli’s inauguration in 2009.

The projections do not include the debt incurred by several state companies that were excluded in April from calculations of the public sector.

 

Original source (in Spanish): La Prensa