The government’s Victims Law is projected to cost the nation about $23.5 million over ten years, according to Colombia’s Finance Minister Juan Carlos Echeverry, newspaper El Espectador reported Tuesday. Conservative…
Colombia’s consolidated public sector deficit, which includes regional governments and state-owned firms, closed 2010 at 3% of gross domestic production, Finance Minister Juan Carlos Echeverry said Wednesday. The figure is…
The Colombian government took in 12.6 trillion Colombian pesos ($6.6 billion) in taxes during the first two months of this year, its finance minister said Thursday. Juan Carlos Echeverry told…
Colombia expects its 2011 fiscal deficit to come in at 4% of gross domestic product as higher tax revenue helps offset added spending to deal with massive floods that have…
Colombia expects its central government fiscal deficit for 2010 at 3.9 percent, narrower than the initial target of 4.3 percent, the finance minister said in an interview with local newspaper…
Colombia could potentially sell a stake in Ecopetrol beyond the 20% approved by Congress in 2006, Finance Minister Juan Carlos Echeverry said Friday. In comments made to Caracol Radio, Echeverry…
Colombia will consider allowing multinational companies to pay some taxes offshore to reduce the flow of dollars into the country and stem the peso’s rise, Finance Minister Juan Carlos Echeverry…
Colombian Congress approved the country’s 2011 budget, valued at COP147.3 trillion ($81.3 billion). Congress’ economic commissions approved additions worth COP4 trillion made to the budget by the Finance Ministry. Of…
Colombia’s Central Bank kept its benchmark interest rate unchanged at a record low for a fourth month after government calls to ease gains in the peso. The seven-member board maintained…