The Panama Maritime Authority (AMP) recorded a record in own collections during 2021 by reaching self-generated income for a value of $186.1 million, which represents a growth of 30% compared to the year 2020 when they were collected $143 million.
According to the entity, this new record in collections is due to a solid financial strategy and an established approach to increase income Despite the economic situation due to the pandemic of coronavirus (COVID-19), focused on the growth of the vessel fleet of the Panamanian Merchant Marine, renewal of marine licenses, port services, incentives for the generation of new concessions and operating licenses, effective management in consular collection, among others.
During the year 2021, the AMP achieved a budget execution in investments in the order of $47 million (97% of what is assigned) and 93% in the operating lines.
The total was $155 million for the previous fiscal period.
Of all the $155 million were only required $45 million for its operation and the rest, $110 million, corresponded to contributions to National Treasure. These contributions are part of the economic reactivation of the country in the midst of the COVID-19 pandemic.
Maritime services represent one of the biggest engines of the Gross domestic product (GDP) of Panama and income to the National Treasure, and this is reflected in the $2,763 million that since 1998 have been collected by the AMP, which has resulted in a contribution to the Central Government of $1,750 million for social works in the country.
The $186.1 million raised by the AMP in 2021 are the highest figure in collections recorded in history. Before this, the highest amount of income was recorded in the year 2017, with an amount of $164.9 million.