Colombia Congress Approves $3.8B Budget Addition, $2.7B to Fondo Milagro
Published 3 d ago5 sourcesEvidence: Reported
Colombia's regions will receive COP 27.5 trillion in royalties for 2027-2028, an 11% decline from the current biennium, reducing investment capacity by COP 3.42 trillion. The cut reflects lower projected commodity revenues and fiscal tightening, potentially slowing regional infrastructure and social spending. Uncertainty remains over whether the government will offset the shortfall with other transfers.
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