In an extensive message, published on Tuesday, April 15 in his X account, President Gustavo Petro justified the government’s debts, noting that “It is not that it has borrowed more, but that the cost of debt has increased” that the State already had.
(Read: These are the new criteria that minavue had for the subsidy of my house already).
In addition, he also launched darts to the Bank of the Republic for the increase in the real rate of interest, in the period of former president Iván Duque, and the current president of the Senate, Efraín Cepeda, by “sabotage” the Financing Law delivered 12 billion new pesos to the Nation.
“Sabotage was brutal but we are neutralizing it”the Colombian president said in his message.
He also questioned his former Minister of Finance, José Antonio Ocampo, paying with the budget the debt of gasoline subsidy, which exceeded 40 billion pesos.
(See: Self -retention at the source would generate $ 13.9 billion to the Petro government).
“The increase in deficit is fictional. We paid with current resources the debt of the subsidy of gasoline, for more than 40 billion pesos. The debt of the Fossil Fuel Price Fund was hidden in the Duke Government, so it does not appear in its accounts and did not mark in the fiscal deficit of that government, they hid it. When paying it with a budget, huge error of Ocampo, increases the accounting deficit Deficit paid the hidden deficit.Petro wrote.
It is simple to understand what happens, while there are debts payable, the budget money if they turn it religiously so that it is consigned in unused fiducias in the 4G concessions.
It is a perverse mechanism that I have ordered to stop. Each road concession will be investigated … https://t.co/S4P3CQSRBJ
– Gustavo Petro (@Petrogustavo) April 15, 2025
He also pointed out that while there are debts payable, The budget money does rotate religiously so that it is consigned in fiduciaswithout use in 4g concessions.
“It is a perverse mechanism that I have ordered to stop. Each road concession will be investigated in its compliance, thoroughly”added the president.
(Besides: These are the names of the list for the Constitutional Court announced by Petro).
According to the Head of State, under this model they allow a different prioritization of the government program and prioritize public transfers to the great capital.
“In my opinion this is the greatest corruption that exists but it is dressed in legality.”.
Finally, he said that the deficit can be paid in an important part, if the financing for the government is approved, since these resources would decrease the cost of the debt.
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