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COLOMBIA: Finance Minister Bonilla Confirms Govt Analysing COP33tn 2024 Cut

COLOMBIA
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  • Bloomberg have reported remarks from Finance Minister Bonilla, which appear to officially confirm the report on W Radio yesterday that the government is considering cutting COP 33tn from this year's budget to meet its fiscal commitments.
  • Bonilla is reported to have told reporters that the finance ministry is studying how much to cut spending this year amid lower-than-expected fiscal revenue.
  • A decree will be issued this month to effectively cut the COP 20tn frozen earlier this year and the government will consider whether to take the total budget reduction to COP 33tn.
    • "*COLOMBIA GOVT ANALYZING 2024 SPENDING CUT OF 33T PESOS: BONILLA" - BBG
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  • Bloomberg have reported remarks from Finance Minister Bonilla, which appear to officially confirm the report on W Radio yesterday that the government is considering cutting COP 33tn from this year's budget to meet its fiscal commitments.
  • Bonilla is reported to have told reporters that the finance ministry is studying how much to cut spending this year amid lower-than-expected fiscal revenue.
  • A decree will be issued this month to effectively cut the COP 20tn frozen earlier this year and the government will consider whether to take the total budget reduction to COP 33tn.
    • "*COLOMBIA GOVT ANALYZING 2024 SPENDING CUT OF 33T PESOS: BONILLA" - BBG