Panama : Selected Issues

Author/Editor:

International Monetary Fund. Western Hemisphere Dept.

Publication Date:

November 2, 2016

Electronic Access:

Free Full Text (PDF file size is 2198 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper assesses the effectiveness of Panama's fiscal framework. The fiscal framework of Panama has played an important role in enhancing fiscal discipline since its establishment in 2009. Since the current fiscal framework went into effect in 2009, the primary balance and debt-to-GDP ratio of the nonfinancial public sector have improved significantly on average compared with those in 2000–08. The fiscal impulse given the output gap also shows that fiscal policy was less procyclical in 2009–15 than in 2001–08. However, there are options to better align the framework with best practice, including reducing unintended procyclicality, increasing transparency, and improving accountability.

Series:

Country Report No. 16/338

Subject:

English

Publication Date:

November 2, 2016

ISBN/ISSN:

9781475550863/1934-7685

Stock No:

1PANEA2016002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

61

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