OPINION: Panama Bread today, hunger tomorrow

The executive branch wants the National Assembly to authorize a  fiscal dispensation to spend 300 million dollars more, in order to face unemployment that will be produced by the completion of the state megaprojects. Since the approval of the Fiscal Social Responsibility Law, governments have looked for creative ways to break this. Like  the

“Turnkey” and the issuance of bonds of state companies, such as Etesa, Tocumen, S.A. and the three subsidiaries of the ENA. Despite the very high rates of economic growth that the country had in the last decade, and three reforms the voracity of public spending continues to grow and has created an important inflation in the country and, what is worse, has turned our economy to being addicted to public spending and indebtedness. Let’s look at the examples of Greece, Puerto Rico and now Argentina, to understand where excessive public debt can make us. Maybe if the Government were more efficient, and there would be certainty of punishment for the corrupt, there would be resources left over. Indebting the country is enslaving it, with bread for today and hunger for tomorrow … LA PRENSA, June 5