Economy Politics Country 2026-03-13T07:07:43+00:00

Panama Approves Additional Credits for Infrastructure Development

Panama's National Assembly Budget Committee has approved significant funding for rural infrastructure and government operations as part of the 2026 budget.


Panama Approves Additional Credits for Infrastructure Development

The Budget Committee of the National Assembly of Panama authorized this Thursday a series of additional credits and transfers of items destined for the General Comptroller's Office, the Ministry of Public Works (MOP), and the Legislative Branch itself, summing a significant capital injection for the 2026 fiscal cycle. Funds for the General Comptroller's Office The General Comptroller's Office was granted $24,332,572 to guarantee its operations and investment projects. These resources will be incorporated into the investment budget to execute the first phase of an ambitious rural connectivity plan. Details provided by Iván De Ycaza indicated that the funds will be allocated to the construction of the first 50 zarzos (suspension bridges), out of a total of 100 announced, to facilitate access to schools and hard-to-reach communities in the Ngäbe-Buglé Comarca. Transfer of item for the National Assembly Finally, the president of the Legislative Branch, Jorge Luis Herrera, justified a transfer of an item for an amount of $12,133,320. The approved budget is divided as follows: Operating expenses: $21.7 million (90% of the total). Institutional investment: $2.6 million (10% of the total). The Comptroller General, Anel Flores, along with Deputy Comptroller Omar Castillo, substantiated the request arguing that the institution faces severe limitations after budget cuts applied in the current fiscal year. Boost to infrastructure in the Ngäbe-Buglé Comarca Meanwhile, the Vice Minister of Public Works, Iván De Ycaza, secured the approval of an additional credit for $17,889,987. According to Herrera, these funds will allow the National Assembly to face budgetary shortcomings and meet fixed essential commitments for the functioning of the State.

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