UABR contributed to the State B/. 12.6 million In 2021

Commercial rentals generate 63%

At the end of fiscal year 2021, the Administrative Unit of Reverted Assets (UABR) of the Ministry of Economy and Finance (MEF) contributed 12 million 603 thousand 599 dollars to the State, for commercial and housing leases, concessions of goods, sales of active, among others informed, the Executive Secretary of the entity, Fernando Paniagua.

He stated that current income was recovered to the level of 2019 before the pandemic, achieving income from commercial leases of B/. 7.2 million, which represented 63% of total revenues for 2021.

Last year, the UABR repaired and recovered B/. 892,000 due to the payment arrangements for fees not collected as a result of the Covid-19 pandemic, all of this is due to the opening and reactivation of economic activities, as well as the collection of approximately B/. 3.0 million, in concept of completion of the process of sale of property pending completion from previous years, Paniagua stressed.

Detail that the public auctions were reactivated in May 2021, awarding two goods for the sum of B/. 263,000.11.

He added that, in the aforementioned period, the institution would modify the execution of nine meetings of the Inter-institutional Commission for the Administration of Reverted Assets, submitting for consideration 49 issues between assignments, donations, commercial leases and sale of assets, all for the benefit of the Panamanian State.

Similarly, it will be modified to award a maintenance contract for more than 200 hectares of green areas within the reverted areas, guaranteeing maintenance for the next three years. In the 2022 calendar of the UABR, seven goods were scheduled to be auctioned between the months of March and July, for an amount of B/. 5,051,817.37, concluded Paniagua.