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. 2014-04-24

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

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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 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 Unemployment Rate at 4.10 Percent  
Unemployment Rate in Panama increased to 4.10 percent in 2013 from 4 percent in 2012. Unemployment Rate in Panama is reported by the Instituto Nacional de Estadística y Censo - Panamá.
Panama GDP Annual Growth Rate at 8.40 Percent  
The Gross Domestic Product (GDP) in Panama expanded 8.40 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Panama is reported by the INCE, Panama.
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 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.
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