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March 14, 2022
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As of February, 2022 PGN commitments were $87.3 billion

As of February, 2022 PGN commitments were $87.3 billion

The Treasury revealed the balance budget execution to February 2022. According to the bulletin published by the portfolio, at the end of February, of the total appropriated ($352.1 billion), 24.8% was committed, that is, $87.3 billion; 10.2% ($35.9 billion) was obligated and 9.9% ($34.8 billion) was paid.

It is worth mentioning that current PGN appropriations totaled $352.1 billion at the end of February. By type of expense, 59.9% of this total was assigned to functioning, 20.4% to debt service and 19.8% to investment.

(See: Government evaluates how to replace Russian fertilizer supplier).

According to the report, uncommitted appropriations at this point in time amounted to $264.8 billion. And the pending final appropriations were distributed as follows: operation 61%, debt service 25% and investment 14%.

The budget of debt service, consistent with its maturity schedule, closed February with appropriations pending commitment for $66.3 billion, this is 92.5% of the final appropriations destined to pay this type of expense ($71.7 billion).

(See: Colombia will receive loans for orange economy and climate action).

The 12 sectors with the largest appropriations committed $44.7 billion, equivalent to 21.2% of the total appropriation of the PGN’s operation.

(See: Colombian households have spent $147 billion so far in 2022).

In this group, the sectors with the highest rates of execution, measured as the percentage of commitments over current appropriation, were Presidency of the Republic, with $2.1 billion (83.9%); Registry, with $1.3 billion (53.2%); and Education, with 23.8 billion (45.5%).

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