Growth And Canal To Support Panama Government Revenues In 2019

• Fitch expects Panama’s fiscal deficit to narrow modestly in 2019 as stronger economic activity and shipping activity bolster revenues.

 

• An expansive public infrastructure development programme is expected to keep capital expenditures elevated and see the deficit remain relatively wide.

 

• Fitch also forecasts the fiscal deficit to reach 3.5% of GDP in 2019 and 3.0% in 2020, from an estimated 3.7% in 2018.

 

(Source: Fitch)