Panama to trim taxes, tariffs to curb inflation | Markets | Bonds News
PANAMA CITY, March 1 Reuters - Panamanian President Martin Torrijos said on Saturday he planned a package of income tax cuts and reductions of import tariffs on some goods to put the brakes on rising inflation.
In a speech to the national assembly, Torrijos also raised the possibility of expanding a program of low-interest mortgages and offering incentives to farmers. He said the government would continue to subsidize domestic fuel and electricity.
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