Browsing Tag

budget cut

Brussels cuts Spain’s budget by 20 %

Brussels announced a cut of at least 20 % in the allocation of resources to Spain for the 2028-2034 period. Therefore, the country will receive €79.9 billion for the regions, the Cohesion Policy, the Common Agricultural Policy (CAP), and the fisheries sector. The actual allocation amounts to €88.1…

Colombia will make a budget cut of $20 billion to adjust public spending

Colombia announced a budget cut, amounting to $20 billion dollars, to comply with the fiscal rule. The measure was formalized through decree 766 of 2024. The adjustment to the budget represents, according to Colombian government sources,…