Municipality of Panama: what does its million-dollar budget include?

The Income and expenditure budget of the municipality of Panama For the fiscal period from January 1 to December 31, 2024, about 15 million 280 thousand additional balbos in the fiscal period of 2023.

For him Municipal budget of current expenses by programs, subprograms and units the executors have predicted an amount of 153 million 037 thousand 424 balbos for the fiscal period of 2024.

Likewise, an amount of 172 million 542 thousand 576 balbos was allocated to capital expenditures for buildings for the fiscal year 2024.

According to SEDE investment expenditure budget by structure and projects establishes an amount of 44 million 100 thousand balboas, 22 million 100 thousand balboas for municipal legislation and 22 million 100 thousand balboas for community committees, about 850 thousand balboas for each community committee for the 26 towns that make up this district.

Regarding the construction, renovation and maintenance of infrastructure, the budget includes one billion 688 thousand 501 balbos which include the installation of colonial-type benches in different parks, municipalities of San Felipe and Santa Ana; improvement of the Años Dorado apartment building; improvement and repair of cultural halls in the Siesta Tocumen sports complex, as well as repair and furnishing of the Gladys Vidal theater.

The budget also includes 143 thousand balbos to improve the municipal markets of Las Américas el Cruce, Calidonia district, 32 thousand balbos to improve Trade and craft marketa, 100 thousand balboas for the remodeling of the Balboa Ancón craft market, 50 thousand balboas for the replacement of the roofs of the Viaducto market, 108 thousand 171 balboas for the improvement of the roofs for the Salsipoders and Calle Colón modules; and 32 thousand balbos for the maintenance of elevators and bilge pumps in the San Felipe Neri market and others.

For activities of social interest 6 million 806 thousand balboas were allocated, including about 5 million 100 thousand balboas from the Christmas parade (2023-2024), and other social assistance, festivals, fairs and sports activities.

The municipal budget consists of an estimate of income and the maximum approval of expenses that municipal administrative units can undertake in the corresponding annual phase. execution of its programs and projects, achievement of goals and objectives, in accordance with the municipal policy of socio-economic development.

IN official newspapers also published on Agreement No. 371 of the Municipal Council which gives consent to the details of the projects that are an integral part of the Annual Investment Works Plan for 2024, approved by Contract No. 351 of December 5, 2023.

This agreement approves The income and expenditure budget of the municipality of Panama and the annual work and investment plan, for the fiscal period 2024, which includes the amount of one hundred seven million six twenty eight thousand ninety one balboa in the projects of the mayor and the amount of fifteen million nine hundred forty four thousand five balboa in the projects of the community board.