They are submitting a royalty budget in the amount of $31.3 billion

They are submitting a royalty budget in the amount of .3 billion

The government settled this Monday in the Congress of the Republic the budget note for the General System of Royalties (SGR) 2023-2024 for an amount of $31.3 billion, number equal to 2.1% of the Gross Domestic Product (GDP).

The Minister of Finance, Jose Antonio Ocampo explained that the resources of the GSC, along with those of the General budget of the nation, they face the challenge of leveraging the implementation of strategic investment projects within high efficiency standards, which make it possible to fight corruption and amplify the beneficial effects of public investment in the interest of collective well-being.

The government clarified that this bill promotes the decentralization of state funds by allocating a budget for the investments of the areas by 29 billion dollars.

Source: El heraldo

\