The Minister of Finance, Jose Antonio Ocampoconfirmed that the government is evaluating the sale of some state assets to help finance the Nation’s budget.
(They will eliminate the tax proposal for gold exports).
“We are going to see some assets that are sold, but not to the private sector, but to other public companies, especially, in the energy sector, to Empresas Públicas de Medellín (EPM) and Grupo Energía Bogotá (GEB). (…) Obviously they are the electricity companies, we already have a valuation and we are going to present that”, assured the minister.
It is worth mentioning that the government has until September 15 to approve the amount of the Nation’s general budget, which is $391.4 billion. However, Ocampo has spoken of the need to seek new sources, especially for the investment budget and to cover the deficit of the Fuel Price Stabilization Fund (Fepc), bearing in mind that this project was presented by the past administration, in compliance with the deadlines established by law.
(Tax reform would achieve additional sources for $25.9 billion).
“It has to be a decision of the Council of Ministers. It is a valuation that the previous government contracted and we have already reviewed it and started working on that valuation. (…) Public companies have the privilege of buying state assets. They always have it “, he added.
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