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Panama government spending surges in first quarter

Wednesday, May 16, 2012

The government of Panama has invested 90 percent more in public works during the first three months of the year than in the same period of 2011.

The projects have received investment of $1.12 billion, which is $530 million more than last year.

This amount has resulted in a non-financial public sector deficit of $476 million, or 1.4 percent of the country's gross domestic product. 

Source (in Spanish): Panama America