Colombia to postpone some public spending in 2010

[Judi Lynn]

Source: Reuters

Colombia to postpone some public spending in 2010

BOGOTA, Jan 12 (Reuters) - Colombia will postpone some public spending to guarantee "fiscal sustainability" as congressional and presidential elections approach, a statement from the finance ministry said on Tuesday.

Congressional elections are scheduled for March and the presidential vote is in May.

"The government believes it must act with total responsibility, especially during an election year, in order to not risk the stability of public finances," the statement said.

On Monday the government plans to announce its financing plan and fiscal targets for 2010.

Economists have criticized President Alvaro Uribe for spending too much on popular social programs as his supporters try to change the constitution to allow him to run for an unprecedented third term.

Read more: http://www.reuters.com/article/idUSN1219372320100112?rpc=401&feedType=RSS&feedName=bondsNews&rpc=401

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Carlos Gutierrez, _Bush Sec. of Commerce claps as Alvaro Uribe shows horsemanship
skills by both riding his horsie and drinking a cup of Colombian coffee at the same time.