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Congress Approves 2024 Budget

COLOMBIA
  • Colombia Congress Approves 2024 Budget - Reuters News
  • (Reuters) - Colombia's Congress on Wednesday approved a budget worth 502.6 trillion pesos ($125.9 billion) for 2024, representing an 18.9% increase over the 2023 budget and the highest in the country's history. Lawmakers have until Oct. 20 to approve the budget's distribution.
  • The budget is aligned with the government's target of closing the fiscal deficit at 4.5% of GDP next year and growth of 1.5%, the Ministry of Finance said.

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