- The Ministry of Economy and Finance manages Panama's public debt as the Executive Committee reports to the National Assembly.
- Panama has secured access to International Monetary Fund financing, with Chapman serving as Minister of Economy and Finances.
Panama's 2027 Budget Remains Stable Despite $186M Reallocation
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The 2027 budget for Panama remains at US$35,111.75 million, following the Cabinet's approval of US$186.83 million in adjustments on October 20. Finance Minister Chapman stated that the budget did not grow, but funds were moved to areas deemed most necessary. The National Assembly is now reviewing these changes.
From riotimesonline.com
Why it matters
The budget changes included a US$416.6 million cut in debt service. Additionally, the National Assembly received US$23 million more for operating costs, while the Ministry of Education lost US$15.4 million. The Ministry of Economy and Finance conducted the technical review of the budget.
Panama has secured access to International Monetary Fund financing, and the Ministry of Economy and Finance manages Panama's public debt as the Executive Committee reports to the National Assembly.
From riotimesonline.com
Who's involved
- National AssemblyThe legislative body reviewing the budget changes
- Ministry of Economy and FinanceThe government agency responsible for the technical budget review
- ChapmanFinance Minister for Panama
- PanamaThe sovereign state whose 2027 budget is being reviewed
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The entities involved
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National Assembly
lower house of the French Parliament under the Fifth Republic
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Ministry of Economy and Finance
government organization in Bamako, Mali
Nothing else this week.
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Chapman
person involved in the 17th century publishing trade
Nothing else this week.