Down The Public Debt Rabbit Hole

The rabbit-hole went straight on like a tunnel for some way, and then dipped suddenly down, so suddenly that Alice had not a moment to think about stopping herself before she found herself falling down a very deep well.”–Alice’s Adventures In Wonderland 

It should be noted that Alice didn’t fall down the rabbit hole, she was lured by the rabbit. So it is today with nations: lured down the seemingly bottomless hole of public debt, lured by the fantasy of faulty, fictitious multipliers.

Public debt equals 325% of GDP–Daniel Lecalle

So how far down the hole is Panama? Relatively speaking not too far, 39.2%, but the trend is threatening: up 3 whole per cent since 2013, and predicted to rise to 41.69% in 2020. Panama citizens/taxpayers should be concerned.

Category : Panama

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BoqueteForSale is a fully licensed real estate agency located in downtown Boquete. We operate from the premise of finding our clients the best possible properties in Boquete and then negotiating hard on their behalf. Put our contacts and experience to work for you.


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