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Tag: budget

Colombia’s 2012 budget gets presidential approval

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 of the programs of the Victims’ Law, Attention for...

Colombia swings to consolidated fiscal surplus in 1H

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. In the same period last year, the...

Colombian Senate approves 2012 budget

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 value of $97.24 billion...

Colombian budget for 2012 approved

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 the budget was to reduce...

Government to increase budget for higher education

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 University System (SUE),...

Military Hospital fails financial audit

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 of the...

Finance minister promises funding for war victims

Colombia’s finance minister said $1.2 billion has already been set aside as part of this year’s budget to begin funding a project recently approved by Congress to compensate victims of the country’s...

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