He Minister of Economy and Finance Héctor Alexanderconfirmed that this year the country will grow by at least 5% and that if the agreement with Minera Panamá is perfected, it could represent a very important percentage point of revenue for Gross domestic product (GDP).
He claimed he was the Panamanian economy is recovering well and the level of growth will continue to lead the region, despite the international situation. In 2021, the country grew by 15.8%, and last year we grew by 10.8%.
According to opinion Alexander, this is the result that he followed the path outlined in 2020 and that he managed to meet the goals that allowed us to move forward. An example of this is debt management and the level of investment maintained by the state.
He stated that the strategy is that the trend of the price of debt in the economy is downward and will continue to decrease, in addition, the growth of debt is decreasing, and as time goes by for every dollar we get we are they spend less on operationssaid the minister.
He added that: “What is important is to have savings in current revenues that will finance 42% of investments. In other words, in 2020 and 2021, we paid 100 percent of investments with loans, and now it will not be like that”.
This year the cost percentage of business in current income It is about 86%, which is a strategy for good management of the development of public finances, commented Alexander.
In recent years, the leader pointed out MEF, “We have had an increase in the productivity of the country, with the same resources we have, so we are clear in that sense. But when we talk about the medium and long-term period, for the level of growth and development of families, people, it is important to improve the education system, at all levels, and find a way to better train human resources and those who work, oriented to meet the demand of the labor market. .
The official concluded: “This challenge is important for future growth and that we can raise the standard of living of our population”.
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.
