Panama

The General State Budget for the fiscal year 2027, submitted by Minister of Economy and Finance Felipe Chapman, totals B/.35,111.7 million, marking an increase of B/.197.9 million compared with the adjusted 2026 budget. The budget reflects a strategic shift toward greater social investment while maintaining a focus on fiscal sustainability. Key line items highlight increased funding for […]

The Panamanian Cabinet has approved a draft legislative decree that would exempt the Impuesto a Transferencias de Bienes Inmuebles (ITBMI) on the sale of newly constructed residential properties. The initiative, presented by the Ministry of Economy and Finance, aims to stimulate the real estate market and to make home ownership more affordable for first‑time buyers.

The Ministry of Economy and Finance presented a comprehensive budget proposal for the fiscal year 2027 that earmarks more than B/.12,564 million for public works and social investment. This represents a notable increase from the revised 2026 budget, reflecting the government’s emphasis on boosting social programs and infrastructure development. The allocation breaks down across key sectors

An audit by the Panamanian government uncovered serious irregularities within the Direction General of Internal Revenue (DGI). The findings revealed a scheme that had been operating for several years, involving manipulation of tax filings and potential misappropriation of public funds. In response, the Ministry of Economy and Finance, headed by Minister Felipe Chapman, announced a

The Ministry of Economy and Finance announced a strategic partnership with BID Invest, the private‑sector arm of the Inter‑American Development Bank, to mobilize up to US$1 billion of private investment for Panama over the next several years. The collaboration focuses on accelerating economic growth, expanding access to financing, and promoting high‑potential sectors that can generate employment

On July 7, 2026, the Ministry of Economy and Finance (MEF) announced the results of a 12‑month Treasury bill auction that attracted strong investor interest. Total demand reached USD 297.07 million, more than double the amount actually placed, reflecting robust confidence in Panama’s sovereign debt. The auction placed USD 179.65 million of securities at a price of

On June 29, 2026, the Ministry of Economy and Finance announced that 34 public entities are participating in the third phase of the Executive Training Program on Results‑Based Budgeting at Level 3. The program, aimed at enhancing the technical capacities of public servants, seeks to improve state management by focusing on outcomes that directly impact