The amount collected by the State of Panama during the first three months of 2012 was what was budgeted, exceeding the expected amount by 5%.
From a press release from the Ministry of Economy and Finance of Panama:
Current revenue during the first quarter of 2012 amounted to $1.5495 billion, exceeding the amount budgeted by $73.6 million (5%) and the results from the same period in the previous year by $294 million (23.4%), said the Deputy Finance Minister Mahesh Khemlani at a press conference.
Between January and September 2010 the total turnover was $ 650.6 million, 6.2% higher than the same period of 2009.
Details of the Comptroller General's Office indicate that the amount invoiced by hotels and restaurants in the district of Panama and San Miguelito was $ 545 million, 5.6% higher than the same period of 2009.
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