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Economy

Colombia boosts local bond sales by $2.8B for this year

by Reuters August 23, 2016

Colombia increased the amount it will issue in domestic debt by 8 trillion pesos ($2.8 billion) to fund this year’s budget, according to a finance ministry decree published on Monday.

The additional amount takes local peso-denominated Treasury bonds, or TES, to 39 trillion pesos.

The decree did not provide further details and the finance ministry did not immediately respond to questions.

Colombia has faced a shortfall in revenue after income dropped as a result of lower international oil prices. The government plans to send a tax reform to congress this year to raise extra money to fund spending.

(Reporting by Nelson Bocanegra; Editing by Sandra Maler)

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Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion