US EditionColombian Court Pauses Petro's Economic Emergency Measures
23 Articles
23 Articles
The Executive sought to obtain 16,3 trillion pesos (approximately 4,465 million dollars) through the economic emergency, in order to cover the fiscal deficit.
Associated Press BOGOTA (AP) — Colombia's Constitutional Court on Thursday suspended the decree by which President Gustavo Petro declared an economic emergency in December, which allowed him to impose temporary taxes without congressional approval. The court indicated in a brief statement that this is a provisional measure that will remain in effect until it issues a final ruling. Should the court find the decree unconstitutional, it will invali…
Colombian court pauses Petro’s economic emergency measures
BOGOTA, Jan 29 – Colombia’s top court on Thursday ordered President Gustavo Petro’s government to pause an emergency decree that had been intended to boost government finances, pending a final court decision. Petro’s administration put the measures into effect in December after a tax reform bill aimed at raising 16.3 trillion pesos ($4.45 billion) failed to pass in Congress. The economic emergency gave Petro’s government the power to make dec…
The economic emergency decreed by the government of Gustavo Petro has lost its first pulse in the Constitutional Court. With a majority of six votes against two – judges Héctor Carvajal and Vladimir Fernández – the Plena Chamber has accepted on Thursday the petition for provisional suspension presented by the judge-Rapporteur, former People’s Defender Carlos Camargo. The decision not only leaves without effect the measures taken so far by the Pr…
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Forbes EspañaThe Government of Colombia is considering presenting ordinary tax laws before the Constitutional Court's decision to temporarily suspend the economic and social emergency decree "as long as a substantive decision is made."
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