US EditionCash-Strapped Colombia Proposes $6.5 Billion Long-Shot Tax Reform
8 Articles
8 Articles
On Monday, Petro’s government has established its third tax reform, one with which it seeks to raise 26.3 billion pesos (6.3 billion dollars) to finance the lack of its budget proposal for 2026, which amounts to 557 billion pesos or 139 billion dollars. Finance Minister Germán Ávila has delivered a text that proposes to increase taxes in different sectors.
Cash-strapped Colombia proposes $6.5 billion long-shot tax reform
BOGOTA (Reuters) -The Colombian government on Monday presented a tax reform bill to Congress to raise 26.3 trillion pesos ($6.54 billion), intended to finance the government’s 2026 spending, Finance Minister German Avila said. The government is facing a severe fiscal crunch a year out from legislative and presidential elections scheduled for next August. The upcoming campaign season, according to analysts and politicians, threatens the tax refor…
On Monday, the Colombian government presented to Congress a new tax reform seeking to finance part of the budget with which the state will operate in 2026, in view of the fiscal problems it faces due to a fall in the nation's revenues.
On Monday, September 1, President Gustavo Petro’s government officially presented to the Congress of the Republic its new tax reform, with which it hopes to raise $26.3 billion. The project seeks to strengthen public finances in the face of the General Budget of the Nation for 2026. Germán Ávila, Minister of Finance, explained that the ... The post Government Petro lies new tax reform for $26.3 billion appeared first on ::Tolima Online::.
The mayor of Medellín, Federico Gutiérrez, launched harsh criticisms against the government of Gustavo Petro for the presentation of a new tax reform valued at 26.3 billion pesos, accusing the executive of political inconsistency and misuse of public resources. In his statements, Gutiérrez pointed out the contradiction between the positions adopted by the current government when it was in opposition and its actions present. “Those who misrule to…
The government faces a serious tax crisis in one year of legislative and presidential elections
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