CONSOLIDATED FISCAL BALANCE NON-FINANCIAL PUBLIC SECTOR
Junio 2024
PRELIMINARY CONSOLIDATED FISCAL BALANCE
NON-FINANCIAL PUBLIC SECTOR
(In millions of Balboas)
Non-Financial Public Sector Deficit
Junio 2024
Junio 2023
Total balance expressed in millions of Balboas
-3,438.6
-2,402.4
% of GDP
-3.96%
-2.88%
Detail
Junio
2024
Preliminary
1
Junio
2023
Preliminary
2
Difference
Absolute
3= (1-2)
Percentage
4=3/2
Total revenue
5,768.3
5,815.3
-47.0
-0.8%
General Government Current Income
5,529.9
5,561.9
-32.1
-0.6%
Central Government
3,444.7
3,435.7
8.9
0.3%
CSS
1,985.6
1,972.7
12.9
0.7%
Consolidated Agencies
93.8
136.6
-42.8
-31.3%
Operational Balance of Public Companies
51.3
80.5
-29.2
-36.2%
Non-consolidated Agencies and Others
195.7
169.6
26.2
15.4%
Capital revenues
5.8
16.9
-11.1
-65.6%
Net Granting of Loans 1/
-8.6
3.3
-12.0
-358.6%
Donations
0.0
0.0
0.0
…
Total expenditure
9,206.9
8,217.7
989.2
12.0%
Current expenses
6,886.3
6,422.5
463.8
7.2%
Current Expenses (excludes interest payments)
5,718.9
5,407.1
311.8
5.8%
Central Government
3,573.7
3,335.2
238.5
7.2%
CSS
1,976.1
1,914.1
62.0
3.2%
Consolidated Agencies
169.1
157.8
11.3
7.1%
Interests
1,167.4
1,015.4
151.9
15.0%
External Interests
1,046.4
880.5
166.0
18.8%
Internal interests
120.9
135.0
-14.0
-10.4%
Capital expenditure
2,320.7
1,795.2
525.4
29.3%
% of GDP
2.67%
2.15%
0.52%
General Government Current Savings
-1,356.4
-860.5
-495.8
57.6%
% of GDP
-1.56%
-1.03%
-0.53%
SPNF Current Savings
-1,109.3
-610.5
-498.8
81.7%
% of GDP
-1.28%
-0.73%
-0.54%
Total Savings (Total Income minus Current Expenses)
-1,118.0
-607.2
-510.8
84.1%
% of GDP
-1.29%
-0.73%
-0.56%
Primary Balance
-2,271.3
-1,387.0
-884.3
63.8%
% of GDP
-2.61%
-1.66%
-0.95%
Total Balance 2/
-3,438.6
-2,402.4
-1,036.2
43.1%
% of GDP
-3.96%
-2.88%
-1.08%
Estimated Nominal GDP Growth 4.2% (2.5% real)
86,885
83,382
Source: CGR, Superintendencia de Bancos de Panamá, BNP, CA, Decentralized Entities, MEF.
1/ Includes granting of loans from institutions such as IFARHU, BHN and BDA.
2/ Has adjustment for financing.
PRELIMINARY FISCAL BALANCE
CENTRAL GOVERNMENT OPERATIONS
(In millions of Balboas)
Central Government Deficit
Junio 2024
Junio 2023
Total balance expressed in millions of Balboas
-3,770.2
-3,442.0
% of GDP
-4.34%
-4.13%
Detail
Junio
2024
Preliminary
1
Junio
2023
Preliminary
2
Difference
Absolute
3= (1-2)
Percentage
4=3/2
Total revenue
3,518.5
3,492.2
26.3
0.8%
Current revenue
3,518.5
3,492.2
26.3
0.8%
Tributarios
2,855.8
2,728.9
126.9
4.6%
Direct Tax
1,616.5
1,556.8
59.6
3.8
Indirect tax
1,239.3
1,172.1
67.3
5.7%
d/c Fiscal documents
66.0
125.6
-59.6
-47.5%
2. Non-Tax revenue
661.7
750.7
-89.0
-11.9%
Capital revenues
1.0
12.6
-11.6
-92.0%
Donations
0.0
0.0
0.0
...
Capital revenues
5.8
16.9
-11.1
-65.6%
Donations
0.0
0.0
0.0
…
Total expenditure
7,288.6
6,934.2
354.4
5.1%
Current expenses
5,146.7
5,225.9
-79.2
-1.5%
Personal services (wages and salaries)
2,086.7
1,969.0
117.7
6.0%
Goods and services
335.1
340.8
-5.7
-1.7%
d/c Fiscal documents
66.0
125.6
-59.6
-47.5%
Interests
1,167.4
1,015.4
151.9
15.0%
Others
88.4
44.5
43.9
98.5%
Current savings
-1,628.2
-1,733.7
105.5
6.1%
% of GDP
-1.87%
-2.08%
0.21%
Total Savings (Total Income minus Current Expenses)
-1,628.2
-1,733.7
105.5
6.1%
% of GDP
-1.87%
-2.08%
0.21%
% of GDP
2.47%
2.05%
0.42%
Primary Balance
-2,602.8
-2,426.6
-176.2
-7.3%
% of GDP
-3.00%
-2.91%
-0.09%
Total Balance 1/
-3,770.2
-3,442.0
-328.2
-9.5%
% of GDP
-4.34%
-4.13%
-0.21%
Estimated Nominal GDP Growth 4.2% (2.5% real)
86,885
83,382
Source: CGR, Superintendencia de Bancos de Panamá, BNP, CA, Decentralized Entities, MEF.
1/ Has adjustment for financing.