Eficacia de recursos de regalías en Castilla la Nueva

Abstract

In the Department of Meta, different activities are carried out that generate economic growth, some of these activities are tourism, agricultural development, livestock, and among others is oil extraction, the companies in charge of this last activity generate surpluses of which a percentage of them must be transferred to the State, for the exploitation of Non-Renewable Natural Resources (RNNR), to then be invested in the promotion of mining, the preservation of the environment and the financing of regional projects in the areas in which carry out these types of activities. There is currently the General Royalties System, which is made up of a set of income from the economic compensation generated by oil companies, called royalties. At the national level there are different oil producing departments, and Castilla la Nueva Meta is located in the second municipality with the highest production in the country. Less than two months ago the discovery of another well in Castilla la Nueva was reported. This municipality receives an economic compensation in the form of royalties, which must be allocated to cover the needs of the municipality, however, in Castilla la Nueva there are some irregularities with the management of these resources, since they are not allocated for the investments that they really must be addressed.