Panama’s public-sector debt grew to $11.6 billion last year, a 5.6 percent increase

The debt of Panama’s public sector closed last year at $11.6 billion, a 5.6 percent increase on 2009.

The increase will be the largest since 2004, when the debt rose by $1.3 billion.

However, the debt is expected to amount to 42.6 percent of gross domestic product, very much lower than the 70 percent that prevailed in the early years of this century.

 

Original source (in Spanish): La Prensa