*Colombia’s finance ministry has said that it will not issue any more domestic treasury bonds (TES) via auctions for the remainder of 2022 due to having sufficient funds. According to a finance ministry press release, as a result of a “
responsible public spending policy”, Col$33trn (US$7.13bn) so far raised is sufficient to address cash needs. According to the same source, this amount represents “
90% of [the Col$37.5trn] which was expected to be raised from the local public debt market at the start of the year.” The finance ministry, which also adds that tax take has been “
favourable”, notes that this will help “
consolidate less expensive public debt”.
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