The plenary sessions of the Senate and the House of Representatives gave the green light to the bill in a second debate. Budget of the General Royalties System (SGR). The initiative, contemplated for the 2025-2026 biennium, establishes an amount of $30.9 billion.
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In that sense, from the proposed figure, 82.5% of income corresponds to current income. That is, the equivalent of $25.5 billion.
The bill’s focus is to increase social spending in the regions by strengthening decentralization, promoting economic reactivation and supporting the transformation of the economy within the framework of the energy transition. In the same way, aims to contribute to closing regional gaps and promote the efficient use of resources.
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Congress of the Republic.
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How resources will be distributed
The budget contemplates the allocation of $29 billion for investment in the territories. Of that amount, $8.8 billion will be allocated to the departments and regions; $6.5 billion to producing territorial entities and ports; $5.4 billion to finance projects in territories affected by violence, and $2.8 billion to the most vulnerable municipalities.
As part of those resources, $2.6 billion will also be directed to financing projects in science, technology and innovation; $513 billion for the country’s ethnic groups; $255,000 million for the protection and conservation of strategic environmental areas, and $128,000 million to Cormagdalena for investment in the territorial entities bordering the Río Grande de la Magdalena.
Colombian money
Source: IStock
The Ministry of Finance reported that, in addition, $1.1 trillion will go to savings through the Stabilization Funds (Fae) and for territorial pension savings (Fonpet). Likewise, $264,000 million will be allocated to the control and monitoring of the execution of SGR resources.
Finally, $518,000 million will be allocated for the operation, operation and administration of the SGR; for the supervision of the exploration and exploitation of deposits; knowledge and geological mapping of the subsoil; the evaluation and monitoring of environmental licensing for exploration and exploitation projects of non-renewable natural resources, and for the incentive for exploration and production.
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