By Eric Sabo – Nov. 13 (Bloomberg) — Panama may sell as much as $500 million of bonds to finance construction of a subway and other infrastructure projects, Finance Minister Alberto Vallarino said. “We have enough money for the budget now,” Vallarino said in an interview today in Panama City. “But if the timing is [...]

Next year, the Panama Canal will yield USD 753.9 million to the state. This is the result of the budget made by the Panama Canal Authority (PCA) for the fiscal year 2009/2010.
If the prognosis comes true, Panama’s revenues from the canal are USD 5.1 million higher than in the present fiscal year of the PCA [...]

Panama’s budget for 2010 totals USD 10.28 billion which is 5.2% more than the amount disposable for the present year. Of this sum, 51% are destined for six ministries; i.e. USD 5.296 billion is used by the ministries of education, economy, health, public works, government and justice as well as by the social insurance fund.
For [...]

By LEONARDO FLORES for La Prensa – The general state budget for fiscal year 2010, delivered to the National Assembly last night by the Minister of Economy and Finance Alberto Vallarino, will be for $10,279,900,000 dollars ($10.2 billion), or $500 million more than what was planned for fiscal year 2009. The project is “defined in [...]