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New law frees up $1 billion for more public spending in Panama over next three years

Monday, April 4, 2011


The government of Panama will have $1 billion more to spend between this year and 2013.

A new law on fiscal responsibility sets a non-financial publis sector deficit of $2.1 billion over three years.

Before the law was introduced, the government had been allowed to have a fiscal deficit of $1.1 billion between this year and 2013.

 

Original source (in Spanish): La Estrella