Corruption and public debt threats

 
796Views 4Comments Posted 08/02/2020

The risk rating agencies have begun to indicate that the level of indebtedness of the Panamanian State is disturbing. In 2019, public debt increased by more than 5.5 billion dollars, that is, the equivalent of the Canal expansion, or almost three lines of the Panama Metro.

The horizon we face requires responsible action by the political class. The options left to the government of Laurentino Cortizo are obvious: reduce public spending, with less payroll and less populist subsidies, and increase the income of the State in a sustainable way, which means more taxes and better collection. The route chosen must be accompanied by the strengthening of the fight against corruption, and the improvement of the public procurement regime. Every penny stolen, Lost or squandered is a stab at the finances of the State and the heritage of all Panamanians. It is time for the State to civilly sue national and international companies that made fun of everyone, and also that the best habit of all is encouraged: savings - LA PRENSA Feb.8



Comments 4

user
George Klk

Panama| The Truth and Meds. I fight for the Panama people and against injustice by the political elite. Panama does not express themselves always in perfect English. Panama corrupt elite could easily cause the mass destruction of lives such as Manuel Noriega's time as a military dictator suppressing his opponents. The truth of the matter is, I do cover...ALL...of this under a carpet and forget about it. Eventually all this comes up years later and the Panamanians get criticized for being...stupid! Stupid and uneducated and how it is all their fault. So yes, I do need to take some time out and I do, but the information coming in confirms what I have been saying all along. Maybe in some way, the world is finally getting to know what is actually happening with the inside global politics! The whole world is tied into this and there is so much information that the only one providing the essential...[CRITICAL FACTS]...has been none other than...me! Why is that? ALL those educated political science students are cramming for their academic tests and... well, what do they really know? How to keep their mouths shut because they will get into trouble and... of course critics like you want to spread the new of a deranged fellow needing meds. How nice...and it works. Fortunately, I am retired and do not have to fear someone like you to cause a loss of my job. This is too important to let someone like you dictate what I need and don't need. But, I can say this, that if anyone is ignorant that is...YOU...[Oh, ya]!

6 months ago
user
Oh ya

George you need to take your meds like the good Doctor said

6 months ago
user
Oh ya

George you need to take your meds like the good Doctor said

6 months ago
user
George Klk

Panama | Former President Varela $$$ Management In Question? Varela had a plan with China that included a $50 million restaurant. Varela - China / restaurant a spy headquarter establishment with... Martinelli's Israel's Pegasus spy network with the underground...Guatemala / Parlacen? Martinelli's & Sons underground operation with Mexico / Guatemala Parlacen? Mexico underground drug operation with disguised public officials in... Panama's institutions, government and prison system? Varela's withheld a $500 million renovation project for Colon...should be in question!!! Varela's committed $billions for a fourth bridge with a risky metro line with delays? Varela's $7.2 million discretionary spending in what 3 months? Panama will now sue, what...China and Varela and Martinelli and Guatemala and Odebrecht? Martinelli is suing Panama vice president and news media and complainants against slander? Martinelli is cornered and fighting like a rabid dog...Varela? China is fighting a Corona virus from the foraging of wild animal meats...food desperation! Panama did manage to resolve a corrupt business arrangement with Italy and compensated with helicopter ambulances! Brazil's Odebrecht $billion in commission and kickbacks to corrupt Panama officials...good luck! PANAMA IS TOO DEEP WITHOUT AN IMPEACH ARTICLE WITH THEIR CONSTITION REFORM. PANAMA IS SINKING IN THE FOLLIES OF STATE DAMAGE AND THE... CANCER RIDDEN POLITICIANS LIKE MARTINELLI AND SONS WHO OPENED THE GATE WAY TO CORRUPT UNDERGROUND HEAVEN.

6 months ago
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