Colombia’s Government to Decree $125 Billion Budget Amid Legislative Deadlock

Colombia’s government will decree the national budget for the first time in the country’s republican history. The proposed budget of 523 trillion pesos ($125.52 billion) faces a funding shortfall, necessitating a new tax reform to raise an additional 12 trillion pesos ($2.88 billion). The budget discussion concluded abruptly when economic committees failed to achieve a […]