Summary.
The bill approves the budget of the Panama Canal Authority (Autoridad del Canal de Panamá) for the fiscal year from October 1, 2025, to September 30, 2026. Article 1 links that approval to the Cabinet Resolution of August 19, 2025, through which the budget was approved. Article 2 sets out the budget structure and allocations in thousands of balboas. It begins with revenue from Canal transit and other transit services. It also includes other revenue from the sale of electricity and capacity, the sale of drinking water, and miscellaneous items, before stating total revenue.
Article 2 then distributes expenditure among personnel services, employee benefits, materials and supplies, fuel for operations, and fuel for electricity generation. It includes transportation, meals, and lodging abroad; travel allowances and mobilization; service contracts and professional fees; and insurance. The structure provides for maritime casualty losses, other operational losses, and inventory obsolescence, as well as other expenses, depreciation, and impairment losses. After the subtotal of costs, it records capitalized costs and total operating expenses.
The same article includes the charge per net ton and services provided by other State entities to arrive at total expenses and profit before interest. It then records financial income, deducts net finance costs, and states profit. It establishes provisions for the investment program and the payment of financing, together with concession contributions and equity reserves. The structure concludes with surpluses after provisions and reserves and with the investment program. These items form part of the proposed budget allocations for the stated fiscal year.
Article 3 provides that the budget would be implemented in accordance with regulations issued by the Panama Canal Authority. Article 4 sets October 1, 2025, as the date on which the proposed law would enter into force. The bill thus addresses the approval, composition, and implementation of a budget for a defined fiscal period, together with its commencement date.
The public entity directly concerned is the Panama Canal Authority. The text also refers to the Cabinet through the Cabinet Resolution and to other State entities through the services they provide. Its provisions could be relevant to sectors involved in Canal transit, maritime services, electricity, drinking-water supply, concessions, financing, and investment.
What it proposes.
- Approval of the Panama Canal Authority budget for the stated fiscal year.
- Structure and allocation of revenue, expenditure, provisions, reserves, and investment.
- Budget implementation rules and the date of entry into force.
Who it would affect.
- Panama Canal Authority
- State entities providing services included in the budget
Key points.
- Approves the Panama Canal Authority budget for the fiscal year from October 1, 2025, to September 30, 2026.Art. 1
- Organizes revenue from Canal transit and related services, electricity, drinking water, and miscellaneous items.Art. 2
- Breaks down personnel costs, benefits, supplies, fuel, travel, services, professional fees, and insurance.Art. 2
- Includes provisions for losses and obsolescence, other expenses, depreciation, and impairment losses.Art. 2
- Sets out expenses, financial income and costs, profit, provisions, reserves, surpluses, and the investment program.Art. 2
- Subjects budget implementation to regulations issued by the Panama Canal Authority.Art. 3
- Sets October 1, 2025, as the date on which the proposed law would enter into force.Art. 4