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Colombia's 2014 budget to be 5 percent stronger

Friday, July 12, 2013

Colombia will seek budgeted spending next year worth between 3 percent and 5 percent more than in 2013, said the Finance Ministry.

Finance Minister Mauricio Cardenas will present to congress later this month a budget of between $101 billion and $103 billion.

Colombia's $330 billion economy is expected to grow 4.5 percent this year, though Cardenas on Wednesday gave a vaguer forecast of above 4 percent.

Source: Reuters