Falling oil prices threaten Colombian economy
With oil accounting for more than 67% of total Colombian exports in 2013, falling market prices and production threaten the Colombian economy.
With oil accounting for more than 67% of total Colombian exports in 2013, falling market prices and production threaten the Colombian economy.
Colombia’s collective of governors expressed their concern that there are not enough resources to meet the needs of the Victims and Land Restitution Law imposed last year. The Victims and Land Restitution law,…
The budget of $87 billion for the 2012 fiscal year has received presidential approval to become a law. A sum of $2 billion is destined to meet the financial requirements…
The Colombian government posted a consolidated fiscal surplus in the first half of the year equivalent to 2.6% of gross domestic product, the Finance Ministry said Thursday in a statement.…
Colombia’s Senate approved the nation’s budget at $86.89 billion for the 2012 fiscal year in a second debate. Finance Minister Juan Carlos Echeverry explained that initially the budget had a…
Colombia’s congress approved the national budget for 2012 at $91.2 billion (COP 165.3 trillion) despite protests from a senator that there had not been sufficient debate. The Finance Ministry said…
A report released by the Colombian Finance Ministry argues that rulings by Colombia’s judiciary could cost the country as much as $21 billion, newspaper El Espectador reported Wednesday. The report…
The minister of education announced Wednesday that the government will nearly double the budget for higher education. In a meeting with the Colombian Association of Universities (ASCUN) and the State…
The Colombian Military Hospital was reprimanded for financial irregularities that surfaced in an annual audit, reported news site CM& Thursday. The Colombian Comptroller’s Office found 59 irregularities in an audit…