Colombia will cut 2016 budget by 6 tln pesos - finmin

viernes 19 de febrero de 2016 16:31 GYT

BOGOTA Feb 19 (Reuters) - Colombia will cut its 2016 budget by 6 trillion pesos ($1.8 billion), equivalent to 0.7 percent of gross domestic product, Finance Minister Mauricio Cardenas said on Friday, in order to reduce the fiscal deficit to 3.6 percent.

The country's central bank board raised the benchmark interest rate to 6.25 percent to combat inflation and a high current account deficit. (Reporting by Bogota newsroom)