Law 25 of Panama (Spanish)
Grants deferral for administrated tax payment by the General Direction of Revenues of the Ministry of Economy and Finance and formulates other provisions and establishes: Article 12. Article 23 of Law 34 of 2008 is as follows: Article 23. Feasibility studies. Investment projects will need social cost-benefits studies if the amount is equal to or lower than 0.1% of the General State Budget, and prefeasibility in case the amounts are lower van 0.1% and higher than 5 million balboas (B/. 5,000,000.00). The relevant studies of the public investment projects with the availability of resources, will enable to prioritize public investments.