how much do the president and vice president of Colombia earn?

how much do the president and vice president of Colombia earn?

how much do the president and vice president of Colombia earn? formula were defined in Decree 472 of 2022, signed at the beginning of the year by President Iván Duque. After his arrival at the Casa de Nariño, the leader of the Historical Pact will receive an allowance of more than $34 million per month.

Gustavo Petro became this Sunday the 42nd president in the history of Colombia and the first openly on the left. The Historical Pact candidate got a difference of more than 700,000 votes from engineer Rodolfo Hernández, who in recent weeks had been confident of the results. 

The now-elected president won after three attempts. In 2010, the then senator of the republic was third behind Juan Manuel Santos and Antanas Mockus; and eight years later, he was second, surpassed by Iván Duque. 

How much does the president of Colombia earn? In accordance with the provisions of Decree 472 of 2022, Petro will receive more than 34 million pesos in its first year of government. This regulation establishes that the head of state will receive “a basic allowance equal to that earned by the members of the Congress of the Republic and twice the representation expenses they receive.”

In 2022 how much do the president and vice president of Colombia earn? was the charm for Petro. The candidate of the Historical Pact will govern from August 7 for a period of four years and will succeed the unpopular Iván Duque. With his arrival at the Casa de Nariño, the leftist leader will not only occupy the most important position in the country, but will now receive a millionaire salary.

However, the president elect could receive more. According to the decree, the president’s representation expenses are double what senators and representatives receive in the Chamber, although it does not stipulate the exact figure or discriminate the way in which the money should be distributed for these expenses.

What this decree does establish is the salary allocation of the vice president. According to the law, Francia Márquez will receive a monthly salary of approximately 28 million Colombian pesos. The allowance is divided between concepts: Basic allowance ($7,783,819), representation expenses ($13,806,323) and a management bonus ($6,817,939).

The new salaries in the positions of the Presidency of the Republic were set at the beginning of the year and the basic assignments of managers, advisers, professionals, technicians, and assistants of the Casa de Nariño were stipulated for this year, with an increase of 7.27 % that there was for public servants.