The Government of Panama has greenlit the purchase of four 'Super Tucano' aircraft for over 76 million dollars. This investment aims to strengthen the country's air and maritime surveillance and deliver a firm blow to organized crime and drug trafficking that affect Panamanian society. Last March, the purchase was approved for 68,202,341.44 dollars, but the contract's validity included annual payments until 2027, exceeding the allowed fiscal limits. Therefore, the new scheme allows for financing up to 30 million dollars between 2025 and 2034, with the approval of the Ministry of Economy and Finance (MEF). According to the government, this modification seeks to align the purchase with the fiscal limits established by the Social Responsibility Law. With these adjustments, the total cost of the contract amounts to 76,357,355.70 dollars, including VAT and other charges. The Minseg and the MEF must ensure that the financing is the most favorable for the State, complying with fiscal guidelines. In addition to the cost of the aircraft and financing through Partially Paid Accounts (CPPs), the budget also includes import taxes, which will be managed by the relevant authorities. The new aircraft will reinforce the surveillance of the country's airspace and maritime zones and will be a key tool in the fight against organized crime and drug trafficking, which directly affect Panamanian society.
Panama Invests Over $76 Million in Security
The Panamanian government approved the purchase of four 'Super Tucano' aircraft for over $76 million to strengthen air and maritime surveillance and combat organized crime.
