The increase the General Budget of the Nation this year, which was approved for 405.6 trillion pesos, would no longer be 23 trillion pesos, but would be reduced by almost half to 14.7 trillion pesos.
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This is what he assured Finance Minister Ricardo Bonillawho explained that these resources, which will have to be approved in the coming weeks in Congress, would go to combat the economic slowdown and would focus on housing, public works, agriculture, among others.
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The former Minister of Finance José Antonio Ocampo and the current Minister Ricardo Bonilla.
Sergio Steel Yacht. TIME
“The project should have been approved in February and will finally be approved in June to be executed in the second semesterthe official said.
The reason for the minor budget supplement is that there will no longer be cross accounts between the payment of the Fuel Price Stabilization Fund (FEPC)which is linked to dividends from Ecopetrol and the Government.
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“Crossing the accounts was a mess and did not help progress in the improvement. Actually, the FEPC payment has nothing to do with the additionBonilla stressed.
In this way, the 18 trillion pesos that are needed to cover the gap in the fepc they were transferred without a budget operation.
