Government Officializes Budget Cut by $13.8 Billion by 2026
4 Articles
4 Articles
This week it closes as one of the most moved in the fiscal front of Colombia. The government of Abelardo de la Espriella signed on Thursday two decrees. With the first, it set the budget of 2027, for 634.9 billion pesos, after the bill failed due to a procedural error. With the second, it removed 13.8 billion from this year’s accounts, sealing its first formal attempt to reduce spending. On August 29, the Council of Ministers authorized a cut of…
After issuing the Budget for 2027, MinHacienda took out the one that cuts execution for the current term in contracts and expenses. The post Government officializes budget cut by $13.8 billion for 2026 appeared first on La Silla Empty.
Miguel Gómez, Minister of Finance Photos: Networks/press Phasecold generated by AI The Ministry of Finance officialized the expected adjustment to public spending through the issuance of Decree 1585 of October 22, 2026 (available at the end of this text), with which it reduced by $13.8 billion (equivalent to 0.7% of GDP) the General Budget of the Nation of 2026. However, the final figure ignited the macroeconomic debate as it did not reach the g…
According to the document, the entity to which his budget was most reduced was the National Institute of Vias, Invias, with a cut of more than $1.44 billion
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