During a press conference held at the facilities of the Treasuryspecified that the decision of the President Gustavo Petro was an assessment of road and public works carried out with public funds from 2023 onwards which have experienced delays in scheme established.
“There is no mistake in the Budget 2024, is an exercise to map the status of the works. What was liquidated was Congress approved in the BudgetTherefore, there is nothing illegal here, there is no error, and the president has the power to determine the budget liquidation process throughout the period. Validity of the year,” he noted andhe is Minister of Finance.
In this sense, he added that the decree issued is not incorrect, which is why they have already specified the destination of the $13 billion that was on hold.
“The growth of 0.6% of the economy is due to the decrease of Public workBut Government provided the resources to all concessions, to all works, to all obligations by future validity and other kind obligations. The question is why did the works not progress as they should? “That is the discussion,” said the Minister of Finance.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
