With a government investment in 2009 of US$4.7 billion in
infrastructure, drinking water and an environmental cleanup, Colombia
hopes to stop a slowdown of its economy following the worldwide
economic crisis.
“The government has room for investment, has the resources and will try everything not to affect investment in infrastructure next year, because it believes this can contribute to the revitalization [of the economy],” Director of the National Planning agency said Monday.
The government allows a 630 million dollar deficit in this year’s budget to be able to invest the money.
With the public spending impulse, the government hopes to prevent massive jobloss in the construction industry that has suffered from the economic slowdown. Earlier, Bogotá asked the local and departmental governments to prioritize public spending to secure a financial injection in the economy.
