During the presentation of the 2025 General National Budget project before the joint economic commissions of the House and Senate, the Minister of Finance, Ricardo Bonilla, confirmed that before September 15, the financing law will be filed in Congress, With which the Government hopes to collect at least 12 billion pesos to cushion the debt service that is not covered in the general budget.
(You may be interested in: The Ministry of Finance explains the composition of the Budget for 2025).
According to Minister Bonilla, there is a difference of $12 billion in the total amount of PGN expenditures, attributable to new revenues that would be obtained from the approval of the financing law initiative.
(We also recommend: The ‘worrying decrease’ in resources in the 2025 budget project is questioned).
It should be noted that The draft General Budget of the Nation for the year 2025 amounts to $523 billion, which represents an annual growth of 3.9%. Of this amount, $327.9 billion is allocated to operations, $112.6 billion to debt service and $82.5 billion to investment.
Budget.
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The financing law will be submitted before the second week of September because it must reach Congress before the budget amount is discussed, which will be in the middle of next month.
(Besides: The axes of economic recovery, agreed between the Government and the private sector).
In addition to the financing law, to finance the spending appropriations, The PGN includes other income of $511 billion, of which $319.1 billion will come from current income, $162.8 billion from capital resources and $29.0 billion from special funds and parafiscal income..
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