00:00The economic committees of Congress gave their approval in the first debate to
00:04General Budget of the Nation for 2027, although with some adjustments.
00:08The administration of Abelardo de las Piedras filed the second version at the end of August
00:12of the budget in Congress for 634.9 trillion pesos. The first version was presented
00:18by the government of Gustavo Petro, but the new administration asked the Legislature
00:22return the project because, according to the Ministry of Finance, it was not realistic.
00:26Although a more austere project was expected, the total budget amount increased by
00:3059.2 trillion pesos compared to Petro's version. According to the Ministry of Finance,
00:35This increase corresponds to a regularization of the accounts because in the previous project
00:39It was missing, among other things, 37.4 trillion pesos for debt service.
00:45The total budget amount of 634.9 trillion pesos was approved on September 14.
00:51In recent weeks, the debate in the committees has focused on how to distribute
00:55Those resources. Several government ministers warned in Congress that resources were lacking.
00:59for key topics.
01:00After the first debate, the operating budget was set at 392.6 trillion pesos, an investment
01:06in 87 trillion pesos and debt service in 155.4 trillion pesos. 615 were presented
01:13proposals were submitted by members of Congress, but only about 40 received approval.
01:17Bonus at the Ministry of Finance. Among the approved changes is a reduction
01:21170 billion pesos for the JEP. Raúl Sánchez, magistrate of the jurisdiction,
01:25He asserted that the cuts would practically eliminate the entity's functions. The aeronautics sector
01:29The civil service also experienced a cut of just over 15 billion pesos. One of the main
01:34The resource movements involved the reallocation of an additional 2 trillion pesos to the
01:38Ministry of Health. The judicial branch also received 100 billion pesos for its
01:42operations, while the sports sector obtained approximately 99 billion pesos
01:47for the training and preparation of athletes. There are two major concerns surrounding the
01:50budget. The first is the need to take on more debt to finance it. And the
01:55Second are the areas that remain underfunded. Among them, from Congress
01:59They have warned that there are not enough resources for the energy and gas subsidies they receive
02:03Strata 1, 2, and 3. Now the project moves to a second debate in the plenary sessions of the House.
02:08The 2027 national budget must be approved by the House of Representatives and the Senate.
02:13no later than October 20. If it does not receive legislative approval within that timeframe,
02:17deadline, it would have to be issued by decree.
