The Panama Maritime Authority (AMP) has exceeded all financial expectations despite the crisis caused by the COVID-19. The institution has collected during the first half of 2021--January to July--- $110, 831, 597, an increase of 38% in revenues compared to 2020 and 35% more than it was budgeted for the same period.
The Panama Maritime ‘s objectives are yielding positive results for the institution's finances, seeking efficiency through the modernization of processes, business intelligence, new services, effective management of collections, efficient use of resources with cost-saving actions, among other initiatives.
And, as a result of the activities carried out by the entity, the AMP has been able to make direct contributions to the National Treasury amounting to $45.5M, which represents 100% of the amount budgeted up to July of this year.
The AMP has made strategic adjustments to maintain internal investment programs and operations and to continue with the plan of contributions to the Central Government which have direct impact on the welfare of Panamanians as they translate in roads, bridges, sports centers, aqueducts, schools and other infrastructure works aiming at improving the quality of life of Panamanians.
Maritime services represent one of the largest contributions to the treasury. Those are reflected in the $2,687M collected by the AMP since its creation in 1998 which represents a state contribution of $1,686M for social works in the country.