The National Treasury of Panama reported that during the period from November 2023 to October 2024, payments were made totaling 2,407,739,309 million balboas. Among the projects financed with these resources, initiatives such as the public works investment program and municipal services, the expansion of the Panama Metro, bay sanitation, social programs like 'Pase U' and 'Program 120 to 65', among others, stand out.
Among the payments made, 15,926 million balboas were allocated across different categories, with 26.8% for personal services, 20.8% for direct payments to suppliers and capital transfers, 27.7% for debt services, 12.7% for current transfers, 7.7% for cash reserves, and 4.3% for goods and services. Part of these payments included settling debts to suppliers inherited from previous administrations.
In the same period, 6,825,310 transactions were processed through ACH, allowing 98% of the collection operations of the Central Government to be carried out via electronic transfers. The Treasury Directorate managed 689 accounts within the Single Treasury Account, corresponding to different funds, reaching a significant total amount.
With the objective of optimizing expenses and strengthening the financial position of the Central Government, efficient management of public debt administration and planning was implemented. This allowed for an increase in the treasury's liquidity without generating additional financial costs. In this context, the payment of debts to suppliers was prioritized, improving overall financial management.
