The Ministry of Economy and Finance has reduced investment allocations for municipalities in Panama by 50%. This decrease is significantly affecting the execution of works and projects in different localities of the country.
In light of this situation, mayors and representatives from various regions have requested the release of the 110,000 balboas from the Municipal Development Works and Projects Investment Program (Piopsma). This amount is crucial for carrying out infrastructure and local development works that benefit the communities.
One of the affected mayors expressed concern about the lack of funds to implement projects that have a direct impact on the quality of life of citizens. According to him, it is essential to restore the investment allocations to continue advancing in the development of their communities.
This reduction in investment allocations has generated uncertainty among municipalities, which see the execution of essential public works at risk. The request from the mayors and representatives is urgent, as the current situation is hindering local progress and affecting the general citizenry.
Amid this scenario, local authorities are calling on the relevant agencies to address this situation and provide the necessary resources to continue executing municipal works and projects. Cooperation between the central government and municipalities is essential to ensure sustainable development and the well-being of the population.
