Colombia government proposes steep spending cut as fiscal woes deepen
9 Articles
9 Articles
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.
Bogotá, Oct 29 (Prensa Latina) The Government of Colombia presented to Congress today a legislative proposal for fiscal adjustment that it called the “Rescue Law” that proposes to cut state spending and restructure the national tax system. The post-Government of Colombia originated in Congress tax adjustment law first appeared on Noticias Prensa Latina.
The initiative seeks, according to the text, to reduce public spending, stabilize state finances and generate growth.
The bill provides for extraordinary powers for the president to reorganize public entities, austerity measures in state recruitment and changes in social security funding, with the aim of stabilizing public finances.
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