BOGOTA, July 29 (Reuters) - Colombia's government on Saturday presented a budget proposal worth 502.6 trillion pesos ($127.8 billion) for 2024 to Congress, 19% greater than this year, the Finance Ministry said, an amount that would be the country's highest if approved.
The proposal includes spending 94.52 trillion pesos for servicing debt, and 97.75 trillion pesos for investment.
"The 2024 budget is realistic," the finance ministry said in a statement.
Government ministers worked through Thursday night to finish the proposal, President Gustavo Petro said on Friday in a post on social media platform X, formerly known as Twitter.
The proposed budget earmarks 70.5 trillion pesos for education, health, drinking water and other general purposes, and some 57.4 trillion pesos would fund the state pension system.
Persons:
Gustavo Petro, Colombia's, Nelson Bocanegra, Julia Cobb Symmes, Oliver Griffin, Sandra Maler
Organizations:
Finance Ministry, Twitter, Congress, Thomson
Locations:
BOGOTA