Budget addition 2023: changes to the bill – Sectors – Economy

Today at dawn the second and last debate will be debated in the plenary sessions of the Chamber and Senate of the project that adds to the General Budget of the Nation this year some 16.9 trillion pesos.

With this, it would go from having 405.6 trillion pesos to 422.6 trillion pesos for this 2023. The idea is to obtain more resources to give the economy a boost in the midst of the expected slowdown.

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Until the day the paper was presented for the first debate, 254 proposals had been filed with demands for expenses for 79.3 billion pesos, which, according to the Ministry of Finance, made it necessary to carry out an intensive prioritization effort for the purposes of the improvement proposed in this bill.

The addition, which comes from the collection derived from the tax reform that was presented at the end of last year, will be distributed in 9.1 trillion pesos of investment, 7.3 trillion pesos of operation and 500,000 million pesos of service of the debt.

In the words of the Minister of Finance, Ricardo Bonilla, the strategy is that the approval will be executed efficiently and effectively and that what is added is aimed at economic reactivation.

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Sectors with more resources

Finally, the largest resources of the budget addition would go to the items of the Education (2.2 trillion pesos), Health and Social Protection (2.03 trillion pesos), Treasury (1.82 trillion pesos) and Housing, City and Territory (1.50 trillion pesos).

For Transportation, an additional 1.44 trillion pesos would go, for Mines and Energy another 1.40 trillion pesos and Agriculture and Rural Development would receive 1.31 trillion pesos.

Also the category of Defense and Police will have an additional 940,000 million pesos, Work another 928,000 million pesos and Social Inclusion 624,000 million pesos.

Changes to the resources of the improvement:

In the presentation for the second debate, some changes were considered that modify the budget allocations of the following sectors:

Social Inclusion (+ $100,000 million): to address the recognition of the subsistence subsidy to community mothers within the framework of those established in the PND 2022-2026, Colombia World Power of Life; grant 2,000 places as an extension of exceptional coverage in the own and intercultural modality of indigenous peoples; and give priority to the emergency situation in which children in La Guajira find themselves, through care and access to food, health and drinking water led by the ICBF in coordination with the MSPS.

Interior (+$100,000 million): destined to the National Protection Unit for the acquisition of armored vehicles for the protection of people at risk, and for the integrated communications network through technological renewal.

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Presidency (+ $69.500 million): 9,500 million pesos in the Administrative Department of the Presidency of the Republic (Dapre) to meet requirements in the acquisition of goods and services; 10,000 million pesos in the Agency for Reincorporation and Normalization (ARN), in the Fund for Special Programs for Peace: Social and Economic Reintegration Program; and 50,000 million pesos in the Territory Renewal Agency (ART) destined to the implementation of activities for the economic, social and environmental reactivation in the areas targeted by development programs with a territorial focus (Pdet).

Control Bodies (+ $50,000 million): for computer modernization and fiscal control tools of the General Comptroller of the Republic, as well as the leverage of credits at the head of the Welfare Fund of this control body.

Public Employment (+ $32,000 million): aimed at strengthening the physical and technological infrastructure of ESAP, in order to expand its educational offer nationwide.

Congress of the Republic (+ $17,000 million): to improve security and protection conditions in the displacements of public servants and make other adjustments within the investment projects of the House of Representatives.

Treasury (-$332.400 million): These resources are reduced from the Ministry of Finance and Public Credit to allocate them to different sectors, in accordance with the budget modifications proposed for the second debate.

Planning (- $36,000 million): Reduction in the National Planning Department in projects that cannot be executed in force, which allows them to be allocated to different sectors, in accordance with the budget modifications proposed for the second debate.

new items

In the paper for the second debate, three new articles are included in the project. In the first place, the one that seeks the Nation to allocate resources from the Budget to finance the Operational deficits of Massive Public Transportation Systems in an amount not less than one trillion pesos.

Another one that seeks the Financiera de Desarrollo Territorial (Findeter) to structure, after verification by the Financial Superintendency, compliance with the requirements for the administration and management of comprehensive risk systems, grant direct credit, with or without compensated rate, to official, mixed and/or private electricity distribution and commercialization companies that have applied to the regulatory tariff option established by the Energy and Gas Regulation Commission (Creg).

And a third party that seeks that the uncommitted surpluses and balances of the General System of Participations to the public health component, which have been generated with a cutoff of December 31, 2022, can be allocated by the departments, districts and municipalities to attend, subsidize and complements the development of collective interventions within the framework of Primary Health Care through functional and organizational structures of the Basic Health Teams.

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