Free Trial

Cabinet Approves $5 Billion Spending Reduction

COLOMBIA
  • COLOMBIA CABINET APPROVED COP20 TRILLION SPENDING CUT: BONILLA
  • Further colour on the above headline via Bloomberg:
  • "The Colombian ministerial cabinet approved Monday a spending cut of roughly $5 billion amid a shortfall of fiscal revenue, Finance Minister Ricardo Bonilla told lawmakers in a debate of the nation’s debt ceiling."
    • "Ministries and public agencies will cut investment and operating expenses by 5.6%, Bonilla said."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.