Home Central americaPanama Ernesto Bazan: “Stabilizing the economy is the first challenge of the incoming government”

Ernesto Bazan: “Stabilizing the economy is the first challenge of the incoming government”

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Economist Ernesto Bazán made an analysis of the challenges that the incoming government will face in terms of the economy. He indicated that the first challenge is to stabilize the economy.

Bazán believes that spending must be reduced by reducing payrolls. Elimination of some subsidies.

“The middle class is very hurt and is the one who pays the ITBMS and it would not be fair to opt for the easiest option which is to increase it and punish the working class,” explained Bazán. He also added that the country cannot depend on domestic consumption for reactivation. economic, tourism, the logistics sector and agribusiness must be considered.

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