The Ministry of Finance and of Mines and Energy informed that the bill of budget of the General Royalty System (SGR) for the 2023-2024 biennium, it was approved in the plenary session of the Senate and will now go to presidential sanction. This has an amount of $31.1 billion for this period, which is the highest that has been presented since 2012. For example, for 2021-2022 this was $17.3 trillion.
The ministries reported that this figure, which is 2.1% of GDP, will allow the territories “the gradual and orderly transition towards the decarbonization of regional economies and the inclusive, sustainable and intensive production transformation in job creation”.
(Mining would leave some $8 billion to Colombia this 2022).
For his part, José Antonio Ocampo, leader of the Treasury portfolio, explained that the resources seek to leverage strategic projects “that make it possible to combat corruption and enhance the beneficial effects of public investment for the sake of collective well-being.”
One of the concepts that has the most allocated resources is that of direct and local allocations that will receive $10.1 billion; It is followed by projects for the Pdet municipalities that will receive $3.4 billion, according to what is stated in the document. For science, technology and innovation, $3 billion would be allocated.
(Collection of energy mining royalties totaled 16.8 billion pesos).
The Ministry of Mians and Energy reported that 93% of the resources will be for investment and the rest will be executed for savings and administration of the system.
However, according to the calculations of the portfolio, 76% of the expected resources will come from the exploitation of hydrocarbons ($22.65 billion) and the remaining 24% from mining exploitation.
BRIEFCASE
