Keith Woolford Posted May 13, 2016 Share Posted May 13, 2016 A lower deficit is always good news and additional revenues generated by the expanded Canal will further improve the Panamanian economy, imo. Government Records a Deficit of $217 million in First Quarter The fiscal deficit at the end of the first quarter of 2016 was $217 million, representing a decrease of more than $100 million from the $338 million deficit recorded in the first quarter of 2015. The fiscal deficit represented 0.4 percent of the country's gross domestic product (GDP), down from 1.1 percent the previous year. Deputy Minister of Economy Ivan Zarak said Thursday at a press conference that this result is due mainly to increased government revenues. Total revenues amounted to $2.8 billion, 15.3 percent more than the previous year - See more at: http://www.prensa.com/in_english/Deficit-fiscal-reduce-millones-dolares_21_4481761789.html#sthash.Md0TDnbk.dpuf Quote Link to comment Share on other sites More sharing options...
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