Colombia government proposes steep spending cut as fiscal woes deepen
15 Articles
15 Articles
The state cut will put one in four pesos of the adjustment. The rest will come out of social security contributions, taxes on liquor and tobacco and, since 2028, VAT, which the government promises to return to 19 million people
Colombia government proposes steep spending cut as fiscal woes deepen
Colombia's government on Thursday submitted to Congress a sweeping fiscal reform bill aimed at cutting public spending by about 15%, raising revenue through tax measures and averting a deeper deterioration in the country's public finances.
Colombian Government Introduces "Economic Rescue Law" to Congress to Prevent "Break" · Global Voices
BOGOTÁ (AP) — On Thursday, the Colombian government presented to Congress a “economic rescue” bill that seeks to overcome the fiscal crisis that the country is going through with a cut in public spending, economic relief for the population...
It gives the president special powers to reduce the state in six months. It puts VAT of 19% on digital platforms and online betting. The post government lies bailout law with Petro tax and payroll cut appeared first on La Silla Empty.
The government's October 29 project combines cuts to public spending with new taxes, in contrast to promises to reduce the bureaucracy that José Manuel Restrepo defended during the presidential campaign.
The Government of Colombia presented to Congress this Thursday, October 29, the draft Economic Rescue Law, an initiative of 105 articles aimed at containing the growth of public debt, reducing state spending, strengthening national finances and avoiding a fiscal crisis that compromises economic activity and generation [...] The Restrepo entry presented a plan to prevent the recession in Colombia: «The State tightens its belt» was first published…
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