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Panamanian government owes 1.5 billion dollars to suppliers

Panama City, Jun 22 (Prensa Latina) A debt of 1.5 billion dollars is owed by State entities to their suppliers, the president of the Chamber of Commerce, Industries and Agriculture of Panama (Cciap), Adolfo Fábrega, revealed.

According to the head of the largest private business association, the time it takes for companies to receive their payments after providing a service is a matter of concern.

In statements to the press, Fábrega indicated that any debt exceeding 30 days already has an impact on the finances of the companies, which must then look for options to cover the cost of the service or goods supplied.

According to this study, Panamanian consumers’ expectations, regarding the economic situation of the country and their homes, as well as the probability of finding employment and saving money, are at distrust levels.

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