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Contrary to what the National Government expected, the reopening of the border between Colombia and Venezuela since last September 26 did not have the best results, at least in terms of exports.A year ago, sales to the neighboring country began to register a month-on-month increase, a trend that ended in May. Even in October, the month that followed the reactivation of commercial exchange, exports decreased 2.4 percent and totaled 55.6 million dollars.(Also read: Gustavo Petro Summit with Nicolás Maduro on the border) The recovery came from November, which allowed closing the year with sales to Venezuela for 632.3 million dollarspractically…

The Minister of Finance, José Antonio Ocampo, made official the bill to increase the General Budget of the Nation by close to 25 billion pesos. “In total, expenses of 25.4 trillion pesos are added, of which 23.2 trillion pesos are from the Central National Government without debt service. The difference of 2.2 trillion pesos in spending corresponds to public establishments and is financed with own resources and special funds that are the SENA and the ICBF”Ocampo said.Debt service of 1.5 trillion pesos is also added due to adjustments in the representative market rate.“This raises the debt service in foreign currency.…

The National Government filed in Congress the bill that adds to the General Budget of the Nation 2023, which was approved last year for 405.6 billion pesos, the collections derived from the tax reform.total, expenses are added for 25.4 trillion pesos, of which 23.2 trillion pesos are from the Central National Government without debt service. The difference of 2.2 trillion pesos in spending corresponds to public establishments and is financed with their own resources such as fees, contributions and fines.In addition, 1.5 trillion pesos were added to debt service, which responds to exchange rate adjustments.(You can also read: Cecilia López:…

The dynamics of home purchases continues to decline, it seems that inflation is already taking its toll on the housing portfolio after several years of record figures in the sector. Today, the National Administrative Department of Statistics (Dane), revealed the quarterly figures (with respect to the last three months of 2022) of housing financing where it evidenced a 37.3% annual drop in loans disbursed. In housing lease the decrease was 26.5%.(Read: VIS projects increase in high-income neighborhoods in Bogotá). Between October and December, the different financial institutions disbursed $2.54 trillion pesos, 34.4% less than the previous quarter; in number of…