2024-06-11 22:10:25
In a gathering on the Casa de Nariño, the Council of Ministers permitted a worldwide reduce of $20 billion within the nationwide funds, which It’s going to suggest a discount of 5.6% within the funding and working budgets of all state entities and ministries financed with nationwide sources. This measure seeks to mitigate the affect of decrease tax assortment.
The Minister of Finance and Public Credit score, Ricardo Bonilla González, throughout his intervention within the joint Third Committees of the Senate and Home of Representatives, confirmed that the main points of the cuts might be introduced tomorrow, Wednesday, June 12. Nonetheless, he assured that the adjustment is not going to have an effect on both the working payroll or the Basic Participation System.
“The discount impacts each operation and funding, however excludes the personal sources of every entity“Defined Minister Bonilla. “All entities should present with precision and element the place this reduce goes to be made, inside the established deadline,” he added.
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The context of this adjustment happens in the course of a joint session of the financial commissions of Congress, the place the Nationwide Authorities’s request to develop the debt quota by $17.6 billion {dollars} is being debated. This growth goals to cowl instant obligations, resembling the general public debt acquired between 2019 and 2020, which elevated 11 factors of GDP, and assure compliance with the Fiscal Rule.
Minister Bonilla additionally expressed confidence that the downward development in inflation will proceed., which has decreased for 14 consecutive months. This development is essential for the adjustment of gasoline costs. “We’ve closed the hole in gasoline, though diesel is pending. We’re monitoring the conduct of inflation with the Financial institution of the Republic, since it is important that it doesn’t skyrocket after these 14 months,” the minister concluded.
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