As your table shows, the debt burden has dropped over the past decade, 1995-2005, from 67.2% of GDP to 65.7% of GDP. Revenue did drop more than spending. Revenue went from 18.5% to 16.8% (drop of 9.2%) of GDP, spending went from 20.7% to 20.3%(drop of 2%) of GDP.
So, what's your disagreement with expat_panama's statement again?
LOL
I love Friday afternoons.
You can read it in the following post to expat_panama.