Panama Government Budget

Panama is expected to record a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Panama is reported by the Ministry of Finance, Panama. Government Budget in Panama averaged -1.18 Percent of GDP from 1993 until 2013, reaching an all time high of 3.45 Percent of GDP in 2007 and a record low of -4.87 Percent of GDP in 2004. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Panama Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.40 -2.90 3.45 -4.87 -5.07 | 2014/06 1993 - 2013 Percent of GDP Yearly

TO

Panama Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 35.90 2012-12-31 37.83 115.75 35.90 34.20 2013-12-31 Percent [+]
Government Budget -4.40 2013-12-31 -2.90 3.45 -4.87 -5.07 2014-06-30 Percent of GDP [+]
Credit Rating 60.00 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Panama Inflation Rate at 3.30 Percent  
The inflation rate in Panama was recorded at 3.30 percent in March of 2014. Inflation Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Current Account at -1001.60 PAB Million  
Panama recorded a Current Account deficit of 1001.60 PAB Million in the fourth quarter of 2013. Current Account in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Interest Rate at 1.00 Percent  
The benchmark interest rate in Panama was last recorded at 1 percent.
Panama Imports at 5724.60 PAB Million  
Imports in Panama decreased to 5724.60 PAB Million in the fourth quarter of 2013 from 6445.50 PAB Million in the third quarter of 2013. Imports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Exports at 3733.90 PAB Million  
Exports in Panama decreased to 3733.90 PAB Million in the fourth quarter of 2013 from 4149.70 PAB Million in the third quarter of 2013. Exports in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Balance of Trade at -1990.70 PAB Million  
Panama recorded a trade deficit of 1990.70 PAB Million in the fourth quarter of 2013. Balance of Trade in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama Personal Income Tax Rate at 25.00 percent  
The Personal Income Tax Rate in Panama stands at 25 percent. Personal Income Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Panama stands at 25 percent. Corporate Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Sales Tax Rate | VAT at 7.00 Percent  
The Sales Tax Rate in Panama stands at 7 percent. Sales Tax Rate in Panama is reported by the General Directorate of Revenues, Panama.
Panama Government Budget at -4.40 Percent of GDP  
Panama is expected to record a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Panama is reported by the Ministry of Finance, Panama.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News