Royalties budget 2021-22 falls in Colombia to $ 4,390 million

The Government of Colombia filed with the Economic Commissions of the House of Representatives of the National Congress the budget for the General System of Royalties for the 2021-2022 biennium, which amounts to $ 4,390 million. Compared to the 2019-2020 biennium, there is a reduction of $490 mm amid the oil price crisis and lower demand due to mobility restrictions during the coronavirus pandemic.

Source: Valora Analitik