$13.4 million outstanding loan that includes payment seniority allowance for former employees and the equalization of the thirteenth month to current employees, was approved by the Cabinet Council of the Tourism Authority of Panama (ATP).
At the last session, held on March 27, this additional loan to ATP was approved to fulfill the payment of seniority allowance to former officials who They stopped working from 2015 to 2023in accordance with the provisions of Law 241 from October 2021.
Recognition of this benefit, equivalent one week’s salary for each year workedit is carried out in the Government, according to the availability of funds of each public entity.
On the other hand, the credit also includes what is owed to current ATP officials in relation to the first game of the thirteenth monthafter the judgment of the Supreme Court of Justice established that they are entitled to a salary in the amount of 100% of their salary.
As happened with the seniority bonus, this debt is subject securing funds by public entities.
Some resort to game transferswhile ATP leaned towards outstanding credit.
These additional funds for ATP also include remaining funds to complete the $20 million that make up the budget Panama Tourism Promotion Fund (Promtur) for this 2024.
The Source of funding This extraordinary credit comes from ATP itself, in the form of contributions collected for the rental of the Atlapa Convention Center and the Amador Convention Center, as well as the airport service fee for each passenger arriving in Panama.
Having been approved by the Ministers of State, this credit is due Committee of the National Assembly for the budget for your approval.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
On the same day of the terrorist attack on the Krokus City Hall in Moscow,…
class="sc-cffd1e67-0 iQNQmc">1/4Residents of Tenerife have had enough of noisy and dirty tourists.It's too loud, the…
class="sc-cffd1e67-0 iQNQmc">1/7Packing his things in Munich in the summer: Thomas Tuchel.After just over a year,…
At least seven people have been killed and 57 injured in severe earthquakes in the…
The American space agency NASA would establish a uniform lunar time on behalf of the…
class="sc-cffd1e67-0 iQNQmc">1/8Bode Obwegeser was surprised by the earthquake while he was sleeping. “It was a…