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September 19, 2022
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Solidarity income: Will the Ministry of Finance replace the subsidy?

This is how the Solidarity Income subsidy will be paid in July

After the expiration of the Solidarity Income program, there would be an accumulated budget to continue with cash transfer programs in 2023. This was announced by the Deputy Minister of Finance of Colombia, Diego Guevara.

(Budget 2023: details of the project and what the money would be used for).

There is one billion for the program to fight hunger, and in the Treasury budget we have reserved four billion to guarantee the transfer programs that will replace Solidarity IncomeGuevara pointed out.

However, the Government has not yet defined whether these programs, such as Solidarity Incomethey will be unified with the new project to fight hunger proposed by Gustavo Petro during his campaign for the presidency or they will be replaced.

(Informality and low wages, employment challenges in Latin America).

Regarding the allocation of the General Budget of the Nation (PGN), he said that $1.8 billion will be added for peace and post-conflict programs, in the municipalities of the Development Programs with a Territorial Approach (PDET), and for disaster management. natural. For the education sector, an addition of 1.3 billion was made.

“Mainly, we present data disaggregated by sectors, emphasizing the addition that the current government is making of 14.1 billionGuevara pointed out.

(Why GDP rebounds while the household economy stagnates).

It is worth noting that, according to article 20 of Law 2155 of 2021, the Solidarity Income program will be extended until December 2022. Therefore, this year, the beneficiary households will receive two more transfers: September-October and November- december.

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