The Ministry of Finance and Public Credit finally announced on Monday -January 27- the decree of postponement for the $ 12 billion that is needed in the general budget of the Nation of 2025, in order to adjust to the economic reality that You must assume after the sinking of the Financing Law, last year, in the Congress of the Republic and avoid inconvenience before the Court.
According to Decree 0069 of January 24, 2025, it is confirmed that the accounts of government spending will finally be at $ 511 billion, same level as income, which respects the principle of fiscal sustainability that forces that, said in a simple way, it cannot be spent more than you earn.
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Of the $ 12 billion that will postpone the Minhacienda, it was specified that $ 6.8 billion obey operation and $ 4.4 billion to investment. Likewise, $ 779.4 billion, belonging to the Attorney General’s Office ($ 12,000 million), Congress ($ 167.4 billion and the National Electoral Council ($ 600,000 million), do not specify whether they will be postponed from one or another concept of spending.
Regarding the sectors that will have the largest adjustments, the decree plays first to the Ministry of Finance, with $ 3.6 billion of which $ 2.05 are investment and $ 1.6 billion operation. Regarding the first part of this silver that will come into review and execution according to income availability, It emphasizes that the first line of the Metro for Bogotá will be cut $ 770.3 billion.
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If one takes into account that the validity approved by 2025 in this work are $ 1.1 billion, it can be inferred that more than 70% of the resources that were projected for their execution this year remained in the air. While at the time it was learned that from the Casa de Nariño they asked to review the validity to be delivered, there was no specific agreement between the district and the nation.
In the list of works whose resources are not insured also appear the light subway of 80th Street in Medellín ($ 497.6 billion), the West Regiotram ($ 345,735 million) and the Transmilenio trunk along 13th Street ($ 328,500 million). Likewise, the mass transport systems of cities such as Ibagué, Neiva, Armenia and Popayán; They were in the air for this year.
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Two conditions
This decree of postponement, as stated portfolio, confirms the intentions of the Petro Government to use future validity, since it warns that it will be applicable to those appropriations that budgetary that support commitments and obligations acquired from this item, which, which They meet one of the two conditions that established to intervene them.
First, it will have a free way when “by mutual agreement between the parties, the contract covered with the corresponding future validity of each of the responsible sectors decides reprogram them. ” That is, under a pact between the government and the concessions responsible for each work.
Bogotá Metro cars prospect
Bogotá Metro
“When they are not attended by the contractors, the dates established in the schedules of delivery of goods and services of the Nation, prior concept of contractual, financial, technical and legal evaluation of the responsible sector,” he warns as a second condition.
On the other hand, regarding the determination of the specific items affected For this measure, the Ministry of Finance highlights that “the sections to which a global amount of the expense budget is postponed, must determine the specific items with such a measure and communicate them within ten (10) days following the publication of the publication of the present decree, to the Ministry of Finance and Public Credit ”.
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Other cuts
In the postponing list stipulated, the Ministry of Labor also appears, with a head Defined provision in colpensions ”.
The National Infrastructure Agency ($ 1.2 billion), the Ministry of National Defense ($ 785,000 million), the Ministry of Equality ($ 669,000 million), the National Electoral Council ($ 600,000 million) and the Ministry of Interior ($ 324,000 million); They continue in the order of the entities that most attract attention regarding the postponements.
Meanwhile, for the housing sector, a postponement of more than $ 313,000 million investment was ordered for this year, which sets the alerts in the sector, since it is an industry that has come from a falling layer for more than a year and It is now projected that you receive less resources in the coming months.
“For the purposes of this Decree, the Superior Council of Fiscal Policy (CONFIS), may authorize the replacement of an appropriation postponed by another, provided that the postponed amount and the fiscal impact of the same are maintained, ”adds the decree.
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Works such as the Toyo tunnel in Antioquia ($ 181,200 million), the Loboguerrero Mulaló road ($ 339,000 million), the Bucaramanga Pamplona road ($ 181.3 billion) and the Dike Canal ($ 710.900) million; They were also affected by this adjustment of the expense that was announced from the Ministry of Finance.
While the government’s intention is to adjust the box to alleviate the fiscal squeaks that the country has live commitments that already assumed and if the postponement could lead to delays of Important works for the country, such as the Bogotá Metro or the fourth generation roads.
