Colombia closed the 2014 fiscal year with a $5.1 billion gap, the country’s comptroller general said Tuesday while calling for increased prudence in government spending amid dropping oil revenue.
US and Latin American electoral watchdogs recommended on Monday that Colombia take a closer look at the phenomenon of voting abstention during election periods.
Colombia’s House of Representatives on Wednesday approved a budget of 203 billion pesos ($107 million) for 2014. The budget will now be debated in the Senate.
Colombia’s finance minister asked Congress on Monday to earmark $25 billion for social investment, primarily to attend an economic crisis in the countryside.
Colombia’s Ministry of Health demanded on Monday that the government add $1.8 billion in health spending for 2014, reported Spanish newspaper El Pais.
Colombia’s Ministry of Finance on Friday announced that the country’s 2014 budget set is set to be $106 billion or COP199.9 trillion.