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The Fiscal Deficit Would Close by 7.8% of GDP if the Government Does Not Make the Necessary Adjustments
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A report by the Banco de Bogotá argues that if spending is not cut urgently, the country would return to the fiscal levels of the pandemic.
In 2024, the fiscal deficit was 6.8% of GDP and for this year the government estimates to be 5.1%. Photo: Presidency of the Republic. Analysts began to adjust upwards their projections of fiscal deficit for this year after seeing that tax revenues do not grow at the rate expected by the government and still the level of expenditure remains rising. Recommended: Inflation and crisis in micro-enterprises, among the consequences by change of the gov…
According to Banco de Bogotá’s research team, the budget would end with a funding shortfall of $138.8 billion
·Bogotá, Colombia
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