Economic Committees of Colombia’s Congress Approve De la Espriella’s Budget
In what constitutes an important achievement for the government of Abelardo de la Espriella, the Third and Fourth Economic Committees of the Congress of the Republic approved this Monday, September 14, the amount of the budget bill of 634.9 trillion pesos (US$204.1 million) for 2027. The proposal by the Historic Pact, an opposition party, which […]
On September 14, the Third and Fourth Economic Committees of Colombia's Congress approved the budget bill for 2027, which amounts to 634.9 trillion pesos (US$204.1 million). This marks a significant victory for President Abelardo de la Espriella's administration, as the opposition's proposal to reduce the budget to 596 trillion pesos (US$191.6 million) was rejected.
The approval was met with support from both the House of Representatives and the Senate, where the votes were 22 in favor and 5 against in the House, and 11 in favor and 4 against in the Senate. Finance Minister Miguel Gomez Martinez expressed gratitude to the legislators for their support and mentioned that the distribution of the budget will be the next step.
Both ministers emphasized the government's commitment to addressing Colombia's fiscal challenges, with the aim of making important cuts in spending over the next two months. The approval of the budget was seen as a strong signal of the government's fiscal capacity and their dedication to fulfilling Colombia's obligations.
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