Estimate of the Panama Canal Commission's Annual Revenues, 1983

ID-82-26: Published: Mar 19, 1982. Publicly Released: Mar 19, 1982.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

The Panama Canal Act requires the Comptroller General to certify the estimate of the Panama Canal Commission's annual revenues to be deposited in the Panama Canal Commission Fund. This report responds to this requirement for fiscal year 1983 estimated revenues and deposits.

The Act provides no criteria for GAO to use in certifying the estimated revenues; therefore, GAO followed a previously used procedure to test Commission estimates and forecasts. Tolls charged to vessels which transit the Canal generate the majority of the Commission's projected revenues. Non-toll revenues are expected to be generated by providing supporting services, such as navigation, sales of water and power, and rents on employee housing. The methods of estimating toll and non-toll revenues differ and were treated differently in the review. GAO found that comparison with previous years' estimates indicated that the Commission has been successful in estimating its revenues. GAO concluded that the Commission's fiscal year 1983 estimate of revenues and deposits appears reasonable.

Sep 20, 2016

Sep 6, 2016

Aug 19, 2016

Aug 12, 2016

Jul 29, 2016

Jul 28, 2016

Jul 13, 2016

Jul 11, 2016

Jun 13, 2016

Looking for more? Browse all our products here