Presentation of the second debate of the General Budget of 2023

The General Budget of the Nation (PGN) for 2023 gets ready for its second phase of discussion in the Congress of the Republic, with the filing of the paper for debate in the House and Senate plenary sessions. With this text, the Legislature in plenary session will be able to start debating the project, which has a deadline to be approved next Thursday, October 20.

(See: Colombia would grow less than Venezuela and more than Brazil in 2023).

The articles filed, this Tuesday, October 11, are made up of 103 points, of which, seven are new. Among them stands out the art. 99, which proposes state support to reduce the deficit of mass transportation systems.

During 2023, the Nation, together with the territorial entities, will establish co-financing schemes to address the deficit of the integrated mass transportation systems and strategic transportation systems. The contribution of the Nation would reach $300,000 million.

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Article 97 also stands out, which proposes that the balances of current or savings accounts that have remained inactive for a period greater than one year and do not exceed the value equivalent to 322 UVR, will be transferred by the holding financial entities to Icetex, in order to finance the access, permanence and graduation of people in higher education.

The General Deputy Minister of Finance, Diego Alejandro Guevara, announced that this Tuesday the Government held the last meeting with the coordinators and speakers of the 2023 General Budget of the Nation project, “where the most significant progress was achieved with additional resources for the Ombudsman’s Office, which we had not included in previous discussions“, the support for transportation systems and $50,000 million were also agreed for the sports sector.

(See: Inflation would remain high for another two years).

As confirmed by the deputy minister, Between October 18 and 20, the final discussions will take place in the plenary session of the Congress.

(See: Colombia’s growth would slow to 2.1% in 2023: World Bank).

The General Budget of the Nation (PGN) for 2023 will have resources of $405.6 billion, Of which, $74.02 billion will be for investment, $253.6 billion for operations and $77.99 billion for debt service.

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