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Panama’s finance ministry signs $400m budget-support loan with IDB

Funding

Source: Junta de Control de Juegos (Panama)

Panama’s Ministry of Economy and Finance signed a B/.400m budget-support loan with the Inter-American Development Bank, the ministry said. Government revenue was B/.1,384.6m below budget in the first half of 2020, while collections from January to June were 38.3% below the planned total.

The loan concerns Panama’s public finances, which the source links to lower government revenue during the pandemic.

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Brazil finance minister says betting suspension will require 2027 budget adjustment

Brazilian Finance Minister Dario Durigan said on 5 November that suspending betting would reduce projected Selective Tax revenue and require an adjustment to 2027 budget planning. The government collected R$15.3bn in sector taxes between January 2025 and September 2026, according to figures presented by the Federal Revenue Service. Congress must review the provisional measure within 120 days, with the deadline extending to 5 March 2027; otherwise, the measure will expire.

Brazil's President Luiz Inácio Lula da Silva decided on 25 September to ban sports betting and online gaming, and this will reduce projected Selective Tax revenue next year. Finance Minister Dario Durigan announced this at a press conference on Thursday.

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