Government Releases Growth Estimates

CLD Legal


CLD Legal logo
With almost 20 years of service and continuous expansion, CLD Legal has focused its efforts on providing comprehensive legal services characterized by our commitment to work, customized attention, as well as practical and effective solutions for each of our clients. From our headquarters in Panama City, Republic of Panama, we provide a variety of services, through our own structure or affiliate offices, guaranteeing a personalized treatment and the highest quality At CLD Legal we have the knowledge to advise our clients in the areas of Corporate Law, Intellectual Property, Tax Law, Real Estate, Migration Law, Foreign Investment and Registry of Yachts and Ships.
The government of Panama estimates that its revenues will grow 42.5 percent over the next five years.
Panama Strategy
To print this article, all you need is to be registered or login on

The government of Panama estimates that its revenues will grow 42.5 percent over the next five years.

The estimate was endorsed by the Cabinet Council through the publication of the document "Medium Term Fiscal Framework of the Non-Financial Public Sector for the period 2018-2022.

" The publication indicates that for this year, the current revenue of the central government will be $8.443 billion, while it estimates that for the year 2022 it will be $12.14 billion. In terms of gross domestic product (GDP), the authorities estimate that at present it is $59 billion, and by 2022 it will be $89 billion. The document also points out that Social Security revenue is expected to grow from $3.545 billion to $4.93 billion by 2022.

The Ministry of Economy and Finance is bound by law to publish five year economic projections in the first quarter of every year.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More