The Minister of Finance, Ricardo Bonilla, recently confirmed that there will be a new budget cut that will be issued by order, and that it will be at least $33 billion.
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Ricardo Bonilla, Minister of Finance, said at the Construction Congress of Colombia, held in Barranquilla, that there will be a new budget cut that will be issued by order, which would be $33 billion.
“We have to return it to an effective cut order that will come out in the month of November and we are investigating more with the collection problems that have been there and have been notified since the month of May,” the minister expressed in his speech at the event.
The official said that this is due to the low tax collection this year. However, he clarified that the implementation of the budget has been correct.
This cut was announced in the first months of the year, after the President of the Republic, Gustavo Petro, recognized flaws in the projections made. At that time the figure was 20 billion pesos. “This cut corresponds to the measures taken since May, when the budget was suspended in Colombia. “he declared.
“Now, at the end of the year, we’re evaluating all the collection goals and what’s in it, and the decision is that this ban today has to be a curtailment order back.”Bonilla noted.
With information from: RCN Radio
