The Mayor’s Office of Bogotá filed this Tuesday before the Bogotá Council the Budget Project for the term 2023, which pursues an amount of $31.6 billion, which represents an increase of 6.3% in relation to the current amount for 2022, which is $29.6 billion.
Of total of the resources of the Capital Budget, $26.1 billion (82.8%) will be allocated for investment, $3.9 billion (12.3% of the total) for operations, and $1.6 billion (4.9%) for debt service. In relation to the figures for 2022, this implies an increase in the allocation of resources of 4.3% in the case of operating expenses, 3.4% in investment and 123% in debt service.
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this budget It is the highest that the District Administration has presented and is backed 68% with current income, which represents $21.3 billion, and 32% with capital resources, equivalent to $10.1 billion.
“The Bogota economy has already recovered from the pandemic, it is growing more than it did in 2019. Bogota is growing more than the country, at 15% while the country is growing at 12%. Sectors such as industry, financial activities, professional activities, construction, mines and highways, and information and communications have contributed to this growth.”, affirmed the mayor Claudia López in the presentation of the budget.
By sectors, those with the highest budget distribution for next year are: mobility, with 33% of the resources, that is, $8.6 billion; This is followed by education, with an amount of $6.2 billion, which represents 24% of the investment budget.. The health sector will receive $3.6 billion in 2023 (14%); that of social integration would keep 7% of the budget ($1.9 billion) and habitat, government and culture respond to an allocation of $1.7 billion, $1.5 billion and $1.1 billion respectively.
According to the Mayor’s Office, Of the $26 billion of investment contemplated in the 2023 Budget of Bogotá, $18 billion will go to social investment and $8 to infrastructure and sustainable mobility.
“With the 2023 budget, people will see that we contracted the second line of the Metro, we will continue with the construction of the first line, three new aerial cables -Potosí, Monserrate North to Universities, and South to the Egypt District, and San Cristóbal- , the Seventh Green Corridor, and the new Calle 13”, explained the mayor.
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In addition, among the goals that the District Administration has with this Budget is “to reach levels similar to those of pre-pandemic in poverty and labor variables”. Therefore, with the Guaranteed Minimum Income program, a goal was announced to serve 280,000 households, with a total investment of $575,000 million, including $492,000 million from the central level and $83,000 million from the Local Development Funds. The goals that the Mayor’s Office set for the other year aim to reduce the rate of poverty and extreme poverty in 2023 to 27.8% and 4.4%, respectively.
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