US EditionPetro Said Suspension of the Tax Rule Was Necessary After the Fall of the Tax
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5 Articles
The Petro Government decided to activate the escape clause to suspend compliance with the Fiscal Rule, which has sparked a great deal of national discussion on the macroeconomic effects of the decision and the convenience or otherwise of the rule. To understand the matter, it is necessary to make several clarifications. In February of this year, in this same column of opinion, I wrote the article “You will pay the broken dishes of the fiscal def…
The entry Suspension of the tax rule had already been informed to the markets according to the government was first published in Noticias Uno.
The financial plan has generated questions from different sectors, in addition to the 'buts' to the possible new taxes that would arrive.
Gustavo Petro's government plan to raise the fiscal deficit to 7.1% of GDP in 2025, to activate the escape clause from the fiscal rule and to postpone a structural adjustment has been questioned by economists and centers of analysis.Criticisms point to a strategy that, far from correcting imbalances, aggravates the fiscal vulnerability of the country and compromises stability for the next government.See more: Petro's government plans to raise th…
The above was done despite the negative concept of the Autonomous Committee of the Fiscal Rule; but this document was non-binding in nature.
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