Friday, September 25, 2020

Logo Central America Link

Panama breaks spending limit for year

Wednesday, October 30, 2019


Panama's government has decided to borrow more funds this year than previously authorized, as President Laurentino Cortizo hopes to boost economic growth.

The plan was authorized late on Monday after Cortizo, who took office in July, argued his administration inherited more public debt than anticipated, which forced him to propose a bigger deficit, Reuters reports.