Finance Minister Presents Colombia's $203B Budget Proposal
4 Articles
4 Articles
Colombia raises almost 10% of the budget from 2027 to 634.9 billion pesos, following the serious damage caused by the earthquake of August 10.
The Executive also reviews fiscal information called “sincerity” and predicts that the total deficit will spread to 9.4% of GDP in 2027.
Finance minister presents Colombia's $203B budget proposal
Colombia’s Finance Minister Miguel Gomez presented a budget proposal of COP634.9 trillion ($203 billion) for the coming year, a 14% increase compared to last year. Much of the increase is due to the government’s debt obligations, which went up 55% to 155.4 trillion ($49.8 billion), almost a quarter of the entire budget. At a presentation, Gomez told press that an earthquake that left tens of thousands homeless in western Colombia earlier this mo…
Minister Miguel Gómez placed it at $634.9 billion, an increase of $89 billion compared to $547 billion this year.
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