IBOV 177,312 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,672 ▲ 0.85% MERVAL 3,240,615 ▲ 1.19% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL5.11▼ 0.19% USD/MXN17.48▼ 0.39% USD/CLP923.20▼ 0.48% USD/COP3,243▼ 2.98% USD/PEN3.39▼ 0.38% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.50▼ 0.09% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.00% BRENT 75.61 ▼ 0.90% WTI 71.14 ▼ 1.30% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,114 ▼ 0.41% SILVER 60.14 ▼ 0.40% SOY 1,193 ▲ 1.10% CORN 459.50 ▲ 7.42% WHEAT 639.25 ▲ 4.58% COFFEE 336.10 ▼ 5.84% SUGAR 14.89 ▼ 1.52% ORANGE JUICE 146.55 ▼ 2.23% COTTON 80.87 ▲ 6.18% COCOA 5,990 ▼ 5.06% BEEF 234.45 ▼ 0.34% CATTLE 353.60 ▼ 0.72% LITHIUM 72.28 ▼ 0.74% PETR4 39.55 ▲ 0.87% VALE3 74.56 ▲ 1.93% ITUB4 43.95 ▲ 3.19% BBDC4 18.76 ▲ 4.22% ABEV3 15.82 ▲ 0.64% BBAS3 20.62 ▲ 3.10% B3SA3 15.46 ▲ 4.53% WEGE3 46.52 ▲ 1.71% PRIO3 55.42 ▼ 0.34% SUZB3 41.56 ▲ 1.29% RENT3 40.76 ▲ 3.45% AZZA3 19.27 ▲ 4.39% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.98 ▲ 1.27% PSSA3 54.23 ▲ 1.65% CVCB3 1.25 — 0.00% POSI3 3.98 ▲ 3.38% SLCE3 13.99 ▲ 1.45% NATU3 8.63 ▲ 2.01% BRKM5 6.52 ▲ 2.52% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.49 ▲ 1.68% GGBR4 22.89 ▲ 1.82% ENEV3 27.34 ▲ 4.35% CPFE3 47.63 ▲ 2.89% CMIG4 11.35 ▲ 2.44% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.56 ▲ 3.07% RAIL3 14.03 ▲ 2.04% KLABIN 17.51 ▲ 0.63% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.35 ▲ 3.81% SMTO3 15.96 ▼ 0.56% UGPA3 30.60 ▲ 1.66% VBBR3 32.75 ▲ 2.02% BBSE3 40.04 ▲ 1.93% BPAC11 57.92 ▲ 4.02% CURY3 33.75 ▲ 3.21% AERI3 2.08 ▲ 0.97% VIVARA 23.47 ▲ 3.94% COMPASS 25.25 ▲ 2.31% VAMOS 3.05 ▲ 3.04% SANB11 27.44 ▲ 4.53% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.31 ▲ 0.59% GMEXICO 198.33 ▲ 1.53% FEMSA 223.20 ▲ 0.37% CEMEX 21.94 ▲ 1.06% GFNORTE 188.54 ▲ 1.72% BIMBO 56.31 ▲ 0.68% TELEVISA 9.62 ▲ 1.37% AMX 22.99 ▲ 1.55% GAP 411.08 ▼ 0.64% ASUR 286.42 ▲ 0.99% OMA 235.88 ▼ 0.89% KOF 182.46 ▲ 0.86% GRUMA 286.15 ▲ 1.37% KIMBER 38.36 ▼ 0.21% SQM-B 67,892 ▼ 1.75% COPEC 6,023 ▲ 0.04% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,880 ▲ 0.50% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,035 ▼ 1.05% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.14 ▲ 0.61% LATAM AIR 26.15 ▼ 0.95% YPF 74,225 ▼ 2.05% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 964.00 ▼ 0.46% TGS 9,440 ▲ 1.40% CEPU 2,324 ▲ 0.39% MIRGOR 17,075 ▼ 0.73% COME 45.75 ▲ 0.73% LOMA NEGRA 3,530 ▲ 0.93% BYMA 308.75 ▼ 0.32% TELECOM ARG 4,170 ▲ 1.21% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.30 ▲ 2.93% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.61 ▲ 2.22% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.06 ▲ 1.73% MERCADOLIBRE 1,879 ▲ 3.92% NUBANK 13.89 ▲ 1.57% XP 17.03 ▲ 3.77% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.51% GLOBANT 30.01 ▼ 4.09% TECNOGLASS 44.15 ▲ 2.33% GAP AIRPORT 235.06 ▲ 0.25% ASUR 286.42 ▲ 0.99% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.94 ▲ 0.74% CEMEX ADR 12.54 ▲ 1.33% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.60 ▲ 3.86% SANTANDER BR 5.43 ▲ 5.54% AMBEV ADR 3.07 ▲ 1.06% CSN 1.03 ▲ 7.36% GERDAU 4.48 ▲ 1.59% LATAM ADR 56.51 ▼ 0.94% BTC 63,984 ▲ 1.25% ETH 1,792 ▲ 2.74% SOL 77.83 ▼ 0.28% XRP 1.10 ▲ 0.86% BNB 576.50 ▲ 1.41% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 1.75% AVAX 6.75 ▲ 1.00% LINK 7.94 ▲ 2.72% DOT 0.88 ▲ 6.29% LTC 44.60 ▲ 1.91% BCH 248.78 ▲ 4.63% TRX 0.33 ▼ 0.51% XLM 0.19 ▲ 1.49% HBAR 0.07 ▲ 0.51% NEAR 1.90 ▼ 1.22% ATOM 1.58 ▲ 2.01% AAVE 94.82 ▲ 3.91% SELIC 14.25% EMBRAER 85.23 ▲ 1.63% EMBRAER ADR 66.74 ▲ 1.82% JBS 11.82 ▲ 0.77% JBS BDR 60.17 ▲ 0.20% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.89% IBOV 177,312 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,672 ▲ 0.85% MERVAL 3,240,615 ▲ 1.19% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL 5.11 ▼ 0.19% USD/MXN 17.48 ▼ 0.39% USD/CLP 923.20 ▼ 0.48% USD/COP 3,243 ▼ 2.98% USD/PEN 3.39 ▼ 0.38% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.50 ▼ 0.09% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.01% BRENT 75.61 ▼ 0.90% WTI 71.14 ▼ 1.30% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.01% GOLD 4,114 ▼ 0.41% SILVER 60.14 ▼ 0.40% SOY 1,193 ▲ 1.10% CORN 459.50 ▲ 7.42% WHEAT 639.25 ▲ 4.58% COFFEE 336.10 ▼ 5.84% SUGAR 14.89 ▼ 1.52% ORANGE JUICE 146.55 ▼ 2.23% COTTON 80.87 ▲ 6.18% COCOA 5,990 ▼ 5.06% BEEF 234.45 ▼ 0.34% CATTLE 353.60 ▼ 0.72% LITHIUM 72.28 ▼ 0.74% PETR4 39.55 ▲ 0.87% VALE3 74.56 ▲ 1.93% ITUB4 43.95 ▲ 3.19% BBDC4 18.76 ▲ 4.22% ABEV3 15.82 ▲ 0.64% BBAS3 20.62 ▲ 3.10% B3SA3 15.46 ▲ 4.53% WEGE3 46.52 ▲ 1.71% PRIO3 55.42 ▼ 0.34% SUZB3 41.56 ▲ 1.29% RENT3 40.76 ▲ 3.45% AZZA3 19.27 ▲ 4.39% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.98 ▲ 1.27% PSSA3 54.23 ▲ 1.65% CVCB3 1.25 — 0.00% POSI3 3.98 ▲ 3.38% SLCE3 13.99 ▲ 1.45% NATU3 8.63 ▲ 2.01% BRKM5 6.52 ▲ 2.52% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.10 ▲ 5.59% USIM5 8.49 ▲ 1.68% GGBR4 22.89 ▲ 1.82% ENEV3 27.34 ▲ 4.35% CPFE3 47.63 ▲ 2.89% CMIG4 11.35 ▲ 2.44% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.56 ▲ 3.07% RAIL3 14.03 ▲ 2.04% KLABIN 17.51 ▲ 0.63% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.35 ▲ 3.81% SMTO3 15.96 ▼ 0.56% UGPA3 30.60 ▲ 1.66% VBBR3 32.75 ▲ 2.02% BBSE3 40.04 ▲ 1.93% BPAC11 57.92 ▲ 4.02% CURY3 33.75 ▲ 3.21% AERI3 2.08 ▲ 0.97% VIVARA 23.47 ▲ 3.94% COMPASS 25.25 ▲ 2.31% VAMOS 3.05 ▲ 3.04% SANB11 27.44 ▲ 4.53% ASAI3 8.88 ▲ 4.96% SBSP3 31.01 ▲ 3.37% WALMEX 49.31 ▲ 0.59% GMEXICO 198.33 ▲ 1.53% FEMSA 223.20 ▲ 0.37% CEMEX 21.94 ▲ 1.06% GFNORTE 188.54 ▲ 1.72% BIMBO 56.31 ▲ 0.68% TELEVISA 9.62 ▲ 1.37% AMX 22.99 ▲ 1.55% GAP 411.08 ▼ 0.64% ASUR 286.42 ▲ 0.99% OMA 235.88 ▼ 0.89% KOF 182.46 ▲ 0.86% GRUMA 286.15 ▲ 1.37% KIMBER 38.36 ▼ 0.21% SQM-B 67,892 ▼ 1.75% COPEC 6,023 ▲ 0.04% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,880 ▲ 0.50% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,035 ▼ 1.05% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.14 ▲ 0.61% LATAM AIR 26.15 ▼ 0.95% YPF 74,225 ▼ 2.05% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 665.00 ▲ 0.08% ALUAR 964.00 ▼ 0.46% TGS 9,440 ▲ 1.40% CEPU 2,324 ▲ 0.39% MIRGOR 17,075 ▼ 0.73% COME 45.75 ▲ 0.73% LOMA NEGRA 3,530 ▲ 0.93% BYMA 308.75 ▼ 0.32% TELECOM ARG 4,170 ▲ 1.21% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.30 ▲ 2.93% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.61 ▲ 2.22% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.06 ▲ 1.73% MERCADOLIBRE 1,879 ▲ 3.92% NUBANK 13.89 ▲ 1.57% XP 17.03 ▲ 3.77% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.51% GLOBANT 30.01 ▼ 4.09% TECNOGLASS 44.15 ▲ 2.33% GAP AIRPORT 235.06 ▲ 0.25% ASUR 286.42 ▲ 0.99% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.21 ▲ 1.43% FEMSA ADR 127.94 ▲ 0.74% CEMEX ADR 12.54 ▲ 1.33% PETROBRAS ADR 17.19 ▲ 0.94% VALE ADR 14.54 ▲ 2.25% ITAU ADR 8.60 ▲ 3.86% SANTANDER BR 5.43 ▲ 5.54% AMBEV ADR 3.07 ▲ 1.06% CSN 1.03 ▲ 7.36% GERDAU 4.48 ▲ 1.59% LATAM ADR 56.51 ▼ 0.94% BTC 63,984 ▲ 1.25% ETH 1,792 ▲ 2.74% SOL 77.83 ▼ 0.28% XRP 1.10 ▲ 0.86% BNB 576.50 ▲ 1.41% ADA 0.17 ▲ 0.23% DOGE 0.07 ▲ 1.75% AVAX 6.75 ▲ 1.00% LINK 7.94 ▲ 2.72% DOT 0.88 ▲ 6.29% LTC 44.60 ▲ 1.91% BCH 248.78 ▲ 4.63% TRX 0.33 ▼ 0.51% XLM 0.19 ▲ 1.49% HBAR 0.07 ▲ 0.51% NEAR 1.90 ▼ 1.22% ATOM 1.58 ▲ 2.01% AAVE 94.82 ▲ 3.91% SELIC 14.25% EMBRAER 85.23 ▲ 1.63% EMBRAER ADR 66.74 ▲ 1.82% JBS 11.82 ▲ 0.77% JBS BDR 60.17 ▲ 0.20% MBRF3 15.80 ▲ 2.53% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.89%
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Colombian President considers cutting defense budget by US$180 million by 2023

By · September 19, 2022 · 2 min read

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The Colombian Minister of Defense, Iván Velásquez, has offered the Ministry of Finance to cut his Ministry’s budget by approximately US$180 million by 2023. If this initiative is successful, the Defense portfolio will amount to US$10.8 billion next year.

Velásquez’s proposal comes within the framework of the studies that Gustavo Petro’s government is carrying out to, paradoxically, increase the general Colombian budget for 2023 by up to 4% (US$91 billion) of what was initially foreseen.

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The announcement of the minister, a person extremely critical of the Colombian Armed Forces before assuming this position, generated strong questioning within the Second Commission of the Senate, in charge of national defense and public force matters, which would summon the head of this portfolio for a political control debate.

Colombian Minister of Defense, Iván Velásquez
Colombian Minister of Defense, Iván Velásquez. (Photo: internet reproduction)
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That is another of the decisions taken since Petro’s inauguration that, in terms of defense, generates strong questioning from both political sectors and citizens due to how they may affect not only security but also citizen coexistence, public order, and, of course, the country’s defense.

HIGH LEVELS OF NATIONAL INSECURITY

The announcement, which would undermine the figures earmarked for the acquisition and purchase of new material, comes precisely at a time of high levels of insecurity and severe disturbances to public order in large urban centers, intermediate cities, and rural areas due to the violent action of four organized armed groups – with about 13,000 men in arms – and the criminal activity of multiple criminal organizations, mainly dedicated to drug trafficking, extortion, and kidnapping.

With information from Infodefensa

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