Colombia austerity plan cuts COP 13.8T, hits 114 state entities

Colombia's government, under Finance Minister De la Espriella, announced a COP 13.8 trillion budget cut affecting 114 state entities as part of an austerity plan. The move signals fiscal tightening amid likely revenue shortfalls, with implications for public services and economic growth. Details on which entities are affected and the timeline remain unclear.

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