Colombia cuts 2015 budget to avoid excessive deficit
Colombia’s finance ministry has cut $3 billion from the government’s $74.3 budget for 2015 to avoid this year’s deficit exceeds 3% of the country’s GDP.
Colombia’s finance ministry has cut $3 billion from the government’s $74.3 budget for 2015 to avoid this year’s deficit exceeds 3% of the country’s GDP.
Colombia will delay spending $2.44 billion (6 trillion pesos), some 3% of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Colombia’s Congress has approved a polemic wealth tax meant to increase revenue for the government that — faced with dropping oil prices — is more than $5 billion short of closing the 2015…
President Juan Manuel Santos signed off on the 2015’s fiscal budget for Colombia which funding relies on the approval of a controversial tax reform.
Colombia’s 2015 government budget was made assuming oil prices would not fall below $98 per barrel. However, with the oil price sitting at around $66 per barrel, the government is left with a huge…
The Colombian government has made concessions to concerned business leaders over a controversial new wealth tax, stressing the tax is only temporary, business association ANDI said Wednesday.
Colombia’s finance minister on Thursday announced that the country is likely to not make its 2014 target of producing a million barrels of crude oil per day, putting even more…
Colombia since 2012 spent a total of $1.15 billion on propaganda campaigns, more than the annual operating costs of its entire justice system.
The external debt burden on Colombia rose 15.6% in the first half of 2014 compared to the same time last year, growing as much as 24.4% of the country’s GDP.