National Assembly Approved Panama Canal Budget For FY2013
Tuesday, August 14 2012 @ 09:48 AM EDT
Contributed by: Don Winner
Editor's Comment: As a result of this budget, the Panama Canal will be paying just over $900 million into the coffers of the Panamanian government in profits. The rest will be spent on operations, maintenance, and the expansion of the Panama Canal. Once the expansion is complete in a couple of years, the Panama Canal will be making about $2 to $3 billion dollars per year in profits for the government of Panama. Also known as Metro Line 2, Metro Line 3, etc. Over the next five years the annual budget for the Panamanian government will creep up to about $20 billion per year. From 2014 - 2019 the next government will oversee the spending of a total of about $100 billion dollars in state funds. And, that's what the politicians are fighting over. Who gets to control the spending of that money. Yeah, sure, flag, country, patria, poor people, kissing babies, etc. It really comes down to the money. The people in this photo are smiling because they are the ones who are currently spending the money. It makes them happy.