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Varela says Panama on track to meet deficit target

Thursday, April 9, 2015

Panama's President Juan Carlos Varela said that his country is on track to lower its fiscal deficit to 2 percent of gross domestic product this year, despite slowing growth in the nation.

Last year Panama ran a deficit of 4.1 percent of GDP, and Varela said in an interview the country could halve it in 2015.

Source: Reuters