Chamber of commerce calls for government spending control
Panama’s business community is becoming increasingly concerned at the government’s spending and borrowing and has fired another warning shot calling for "prudence, priorities and tight control"
A press release from the Chamber of Commerce, Industry and Agriculture of Panama (CCIAP) reads:
Faced with the presentation of Bill No. 499, which dictates the general government budget for fiscal year 2013, our union is reiterating the need to maintain fiscal discipline, prudent management of public finances and effective control of state spending in order to avoid overspending or an increase in the fiscal deficit.