MNI China Daily Summary: Monday, January 6

MNI: UK FINAL DEC SRVICES PMI 51.1 (FLASH 51.4); NOV 50.4

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI China Press Digest Jan 6: PBOC Bills, Yuan, Capital Market

MNI: China CFETS Yuan Index Up 0.62% In Week of Jan 3

MNI: PBOC Net Drains CNY75.0 Bln via OMO Monday

MNI: EUROZONE FINAL DEC COMPOSITE PMI 49.6 (FLASH 49.5); NOV 48.3

MNI: GERMANY FINAL DEC SRVCS PMI 51.2 (FLASH 51.0); NOV 49.3

MNI: FRANCE FINAL DEC SRVCS PMI 49.3 (FLASH 48.2); NOV 46.9

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

COLOMBIA: Ministry of Finance Confirms 2024 Budget Cuts

COLOMBIA
BulletEM BulletEmerging Market News
  • Further details on the recently approved Colombia budget cuts, with the ministry of finance confirming that the COP 28.4tn cut comprises the COP20 trillion already announced earlier this year and an additional COP 8.4tn to address to address the current economic situation.
  • The cuts will reduce this year’s budget by 5.6% and are the result of a drop in tax revenue. Of the total, COP 18.2tn will come from cuts in financing and COP 10.1tn from a reduction in investment.
  • The MoF considered a larger COP 33tn cut, but opted for the smaller figure because of the need to respond to damage caused by recent extreme weather, according to Bloomberg.
108 words

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.
  • Further details on the recently approved Colombia budget cuts, with the ministry of finance confirming that the COP 28.4tn cut comprises the COP20 trillion already announced earlier this year and an additional COP 8.4tn to address to address the current economic situation.
  • The cuts will reduce this year’s budget by 5.6% and are the result of a drop in tax revenue. Of the total, COP 18.2tn will come from cuts in financing and COP 10.1tn from a reduction in investment.
  • The MoF considered a larger COP 33tn cut, but opted for the smaller figure because of the need to respond to damage caused by recent extreme weather, according to Bloomberg.