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’s Mauricio Cardenas has been voted 2015’s best Finance Minister by economics magazine Euromoney for his “fiscal credibility and investment plans.”
Colombia’s finance ministry has submitted its 2016 budget which includes steep cuts in investment, reflecting decreasing government revenue.
Colombia’s finance minister on Monday warned that next year’s government budget will see major spending cuts as the country is facing a major drop in revenue due to low oil…
US companies holding business in Colombia are concerned over the possibility of new taxes that could emerge from a reform currently being considered by a group of experts selected by the…
Colombia’s government expects $3.5 billion (9.5 trillion pesos) in oil revenue this year, down 60% from 2013 as the sharp drop in crude prices reduces the oil industry’s tax and royalty…
Colombia lowered its GDP growth goal for 2015 due to recent declines in oil prices and anticipated lack of foreign investment.
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 International Monetary Fund (IMF) is studying possibilities to finance a peace process in Colombia in the event the country’s government is able to make peace with the country’s largest…