Colombia increases 2021 budget by $5.16 bn

Colombia added Col$18.5 trillion ($5.16 billion) to its budget this year to go toward a special fund to meet the needs generated by the coronavirus pandemic, the Ministry of Finance said. Colombia’s Congress in October approved a 2021 budget for Col$314 trillion ($87.7 billion). With the additional sum, which comes from funds destined for 2020 but not used last year, Colombia’s budget is increased to $92.8 billion.

Source: Nasdaq