The Panama Canal said on Thursday that lawmakers in the Central American nation had approved the proposed budget for the key global freight channel for the 2025/26 fiscal year, which is expected to bring an increase in state contributions.

For the October to September period, lawmakers backed a $5.21 billion budget for the canal, which is expected to bring $3.19 billion to state coffers, up 14.5% from the level set out in the prior year’s budget, the canal authority said.
Source: Reuters