Colombia Proposes Ambitious $130 Billion 2025 Budget Amid Economic Pressure

The Colombian government has unveiled a proposed budget for 2025 amounting to 523 trillion pesos ($130 billion). The budget is now under consideration by lawmakers amidst increasing fiscal challenges that are putting pressure on President Gustavo Petro's administration.

The Colombian government proposed a 523 trillion peso ($130 billion) budget for 2025 on Monday, presenting it to lawmakers for consideration. The announcement was made by the finance ministry amidst a backdrop of mounting fiscal challenges.

The proposed budget aims to address economic pressures facing President Gustavo Petro's administration.

($1 = 4,063.3000 Colombian pesos)

(With inputs from agencies.)