MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Finance Minister To Propose 2023 Budget Increase

COLOMBIA
  • The government will propose an increase of 11 trillion pesos to the 2023 budget to 402.5 trillion pesos ($90 billion), which lawmakers will vote on next week, Finance Minister Jose Antonio Ocampo told reporters on Tuesday. (Bloomberg)
  • The government won’t take on additional debt to finance the budget and plans to use provisions from stronger than expected tax revenue and surpluses from different public institutions.
    • Around 8 trillion pesos will be used to finance projects of peace, environment, and rural development, among others, while the government aims to increase spending on pensions and wages.
  • Separately, Ocampo said a United Nations tax convention should reform global transfer pricing standards that have undermined revenue generation in developing countries. (Bloomberg)
  • “The current system of transfer pricing based on the arm’s length principle is no longer fit for today’s economy and merits adjustment,” Ocampo said on Tuesday at a virtual event.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.