Finance Minister Alberto Carrasquilla (Finance Ministry) Colombia’s congress is studying the government’s 2021 budget proposal, which seeks to step up public spending to push the economic recovery of the COVID-19 crisis.
According to Finance Minister Alberto Carrasquilla, he wants to increase the government budget by 13.4% to 314 trillion pesos ($84.3 billion) by dramatically increasing the country’s debt.
Carrasquilla wants to finance the increased budget with a 41% increase in public debt that would go from COP53.6 trillion ($14.4 billion) this year to COP75.8 trillion ($20.4 billion) in 2021. Colombia’s 2012 budget proposal Source: Finance MinistryWith oil revenue in a state […]
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