Economy

US$335 million will be transferred away from the FPIEEH by a directive

The Fund for the Promotion of Investment in Exploration and Hydrocarbon Exploitation (FPIEEH) was left without economic resources as a result of a supreme decree that ordered the transfer of its resources to a different account. This fund was created in 2015 by Law 767 of Promotion for Investment in Exploration and Hydrocarbon Exploitation and is financed with 12% of the resources of the Direct Tax on Hydrocarbons (IDH) that is retained in regions and others.

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Source: Pagina Siete

Categories:Economy