Tag: minhacienda

Multilateral banking is the key to public finance: Ministry of Finance

Multilateral banking is the key to public finance: Ministry of Finance Multilateral banking is the key to public finance: Ministry of Finance

Finance Minister José Antonio Ocampo assured that multilateral banks are key to financing governments, especially in middle-income countries. In the context of the spring meetings of the International Monetary Fund (IMF) and the World Bank, Ocampo participated in the panel: Accelerating development in an time of global crises. “We need bigger multilateral development banks. They […]

Petro talks about stocks with which it hopes to cope with inflation

Petro talks about stocks with which it hopes to cope with inflation Petro talks about stocks with which it hopes to cope with inflation

President Gustavo Petro announced his plan to curb inflation in the country, which is based on four measures: the reduction of interest rates, the offer of one million credits to fight the “drop by drop”, the search for reduction of food prices and energy rates. He stressed that the reduction of interest rates is already […]

“Most of the addition goes to social programs”: Ocampo

“Most of the addition goes to social programs”: Ocampo “Most of the addition goes to social programs”: Ocampo

The budget addition proposed by the national government for the 2023 General Budget of the Nation (PGN), worth $23 billion, was presented to the economic committees of the Senate and House of Representatives by Treasury Secretary José Antonio Ocampo . Ocampo explained that these funds match the tax reform collections that will be used to […]

Government promotes access to finance to end the ‘pagadiario’

Government promotes access to finance to end the ‘pagadiario’ Government promotes access to finance to end the ‘pagadiario’

Aiming to end the financing of ‘pagadiarios’ or ‘drop by drop’, the national government announced that it will promote the placement of one million credit operations for people who do not have access to formal financing. This government initiative is led by the Ministry of Finance; the Ministry of Agriculture; the Department of Commerce; the […]

The storm facing labor and pension reforms

The storm facing labor and pension reforms The storm facing labor and pension reforms

When gauging the temperature of the debates generated by the labor and pension reforms, it could be said that the labor reform is hotter as criticisms do not stop over the impact it will have on corporate sustainability, the job creation and informality. Read also: Faced with criticism, Labor Secretary defends labor and pension reforms […]

“We are going to analyze what the private sector has to say about the labor reform”

“We are going to analyze what the private sector has to say about the labor reform” “We are going to analyze what the private sector has to say about the labor reform”

Finance Minister José Antonio Ocampo was optimistic about the country’s economic growth this year. He assured that while the government estimate is 1.3%, his personal forecast is between 2% and 2.5%. For the minister, there are many positive factors leading to these results being expected, including the reduction in inflation, the increase in agricultural production […]

Reservation data, final by decision on new contracts

Reservation data, final by decision on new contracts Reservation data, final by decision on new contracts

Finance Minister José Antonio Ocampo assured that the data in the Reserves Report of the National Hydrocarbons Agency (ANH) will be final for the decisions that the national government will make regarding the signing of new exploration and production. He recalled that the execution of existing contracts will continue as the central government has already […]

The tax cost of the pension is $6 billion

The tax cost of the pension is $6 billion The tax cost of the pension is  billion

Ocampo pointed out that for the implementation of these reforms promoted by the national government the tax rule will be respected. “The resources that exist are those provided by current tax rules and this is reflected in the fact that we are going to see how the healthcare reformbut the public data shows that funding […]

Treasury Department Auctions TES in UVR for $375 Billion

Treasury Department Auctions TES in UVR for $375 Billion Treasury Department Auctions TES in UVR for 5 Billion

The Treasury Department has auctioned $375 billion of Treasury Securities (TES) in Real Value Units (UVR) in the Colombian public securities market in six (2029), fourteen (2037) and twenty-six (2049) maturities. The placement corresponds to 1.128 million UVR units. Purchase offers for $1.1 trillion were received, 4.6 times the initial amount. The lawsuit allowed for […]

The price of gasoline will increase by up to $400 in March

The price of gasoline will increase by up to $400 in March The price of gasoline will increase by up to 0 in March

The new increase that the price of current gasoline will have in March is up to $400 and in the case of Barranquilla, the increase was $397. The new increase that the price of current gasoline will have in March is up to $400 for the national average, and in the case of Barranquilla, the […]

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