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Panama's President Sees 2015 Fiscal Deficit Cut to 2 Pct of GDP

Panama's President Juan Carlos Varela said on Wednesday that his country is on track to lower its fiscal deficit to 2 percent of gross domestic product (GDP) this year, despite slowing growth in the Central American nation. Last year Panama ran a deficit of 4.1 percent of GDP, and Varela said in an interview the country could halve it in 2015. “I think we're going to get there [2 percent], and that there will be a reduction in the fiscal deficit,” he told Reuters in his office...

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