{"id":4924,"date":"2024-04-09T13:33:00","date_gmt":"2024-04-09T13:33:00","guid":{"rendered":"https:\/\/latamreports.com\/es\/?p=4924"},"modified":"2024-04-09T16:04:33","modified_gmt":"2024-04-09T16:04:33","slug":"idb-panama-must-increase-tax-revenues-reduce-debt-and-diversify-economy","status":"publish","type":"post","link":"https:\/\/latamreports.com\/es\/idb-panama-must-increase-tax-revenues-reduce-debt-and-diversify-economy\/","title":{"rendered":"IDB: Panama must increase tax revenues, reduce debt, and diversify economy"},"content":{"rendered":"\n<p>Tom\u00e1s Berm\u00fadez, manager of the Inter-American Development Bank in Panama and Central America, said the country must improve tax collection, reduce public spending and demonstrate to the qualifiers fiscal discipline in order to recover Fitch&#8217;s degree of investment.<\/p>\n\n\n\n<p>The Panamanian economy requires diversifying its sources of income and also enhancing strategic sectors such as tourism and agriculture.<\/p>\n\n\n\n<p>This was highlighted by Tom\u00e1s Berm\u00fadez, manager of the Inter-American <a href=\"https:\/\/www.prensa.com\/tema\/banco-interamericano-de-desarrollo-bid\/\">Development Bank (IDB<\/a>), at the Annual Conference of Executives (CADE), noting that it is essential to increase current income, that is, tax revenues.<\/p>\n\n\n\n<p>The Directorate-General for Revenue (DGI) should be more efficient in terms of collection, he said.<\/p>\n\n\n\n<p>He indicated that it is essential for the country to review special economic regimes where there are many tax exemptions. He mentioned that there is an opportunity to generate between 1% and 1.5% more to the economic contribution.<\/p>\n\n\n\n<p><strong>He also said that if the statewide plant is reduced by 10%, the country could save resources that can be used for investment.<\/strong><\/p>\n\n\n\n<p>Panama has clear advantages that it must take advantage of to continue its march towards inclusive growth, he stressed, adding that the country has a crisis of imagination and the country&#8217;s ambition was lost.<\/p>\n\n\n\n<p>On the loss of investment grade on the part of Fitch, he indicated that the next government must have a clear communication with the key players in order to ensure that the demands that allow the country to be returned to the country.<\/p>\n\n\n\n<p>It is essential that the country &amp;apos; s major groups agree after the elections to conclude solutions and measures to make economic growth sustainable.<\/p>\n\n\n\n<p>That all the forces of the country decide these are the three or four things that will carry us forward in the next 10 to 15 years, Bermudez said.<\/p>\n\n\n\n<p>The IDB manager reiterated that Panama has the great challenge of reducing inequality, improving education and that economic growth also benefits rural and regional areas.<\/p>\n\n\n\n<p><strong><em>This article has been translated from the original which first appeared in <\/em><\/strong><a href=\"https:\/\/www.prensa.com\/economia\/bid-panama-debe-aumentar-los-ingresos-tributarios-reducir-planilla-y-diversificar-la-economia\/\"><strong><em>Prensa<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tom\u00e1s Berm\u00fadez, manager of the Inter-American Development Bank in Panama and Central America, said the country must improve tax collection, reduce public spending and demonstrate &#8230; <a title=\"IDB: Panama must increase tax revenues, reduce debt, and diversify economy\" class=\"read-more\" href=\"https:\/\/latamreports.com\/es\/idb-panama-must-increase-tax-revenues-reduce-debt-and-diversify-economy\/\" aria-label=\"Read more about IDB: Panama must increase tax revenues, reduce debt, and diversify economy\">Read more<\/a><\/p>\n","protected":false},"author":7,"featured_media":3073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[21],"class_list":["post-4924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios","tag-panama","resize-featured-image"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IDB: Panama must increase tax revenues, reduce debt, and diversify economy - LatAm Reports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamreports.com\/es\/idb-panama-must-increase-tax-revenues-reduce-debt-and-diversify-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IDB: Panama must increase tax revenues, reduce debt, and diversify economy - LatAm Reports\" \/>\n<meta property=\"og:description\" content=\"Tom\u00e1s Berm\u00fadez, manager of the Inter-American Development Bank in Panama and Central America, said the country must improve tax collection, reduce public spending and demonstrate ... 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