Panama Tax Revenue Rose 4.3% but Missed Budget Target
Panama tax revenue grew 4.3% in the first half of 2026, but missed its budget target by B/.552.7 million. The deficit narrowed, yet collections lagged forecasts. The post Panama Tax Revenue Rose 4.3% but Missed Budget Target appeared first on The Rio Times .
Panama's tax revenue rose by 4.3% in the first half of 2026, reaching B/. 3,454.3 million. However, this figure fell B/. 552.7 million short of the government's budget target. The increase was driven by growth in value-added tax, property tax, and income tax on wages, though exact amounts for each category weren't disclosed. The increase came despite the revenue falling below the budgeted forecast.
Fiscal documents, which are tax credit certificates, contributed B/. 63.0 million to the total. Despite the shortfall, Panama's tax revenue still grew compared to the same period last year. The Non-Financial Public Sector deficit also narrowed to 1.98% of GDP, a reduction of about 11.2% from the previous year.
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