Colombia’s Congress Sends Petro’s 2027 Budget Back to the Drawing Board

Colombia · Economy Key Facts Budget returned Colombia’s Congress sent the proposed 2027 budget back to the Finance Ministry over a COP 30.2 trillion (about US$7.5 billion) financing gap. Initial amount The original proposal was worth about COP 575.6 trillion (approximately US$144 billion). Tax reform The government wan

MANILA, Philippines — The Department of Budget and Management (DBM) submitted on Tuesday its proposed P7.2–trillion national budget for next year to the House of Representatives. The proposal allotts more than half of the spending plan to agencies seen as key in sustaining growth. The DBM allotted 51.4% of the 2027 Nat