US EditionThe Fiscal Rule Has Been Relaxed and Suspended Since Its Inception in 2011
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A report by Crediticorp Capital points out that there is no reason to activate the escape clause. Photo: Valora Analitik In an increasingly complex scenario for public finances in Colombia, the government's decision to activate the escape clause from the Fiscal Rule confirms what many analysts have been anticipating, that the fiscal deficit could reach historically high levels this year. Most projections point to the difference between revenue a…
The law limiting debt capacity in the public budget was already suspended in 2020 by the pandemic and also has some escape doors
·Bogotá, Colombia
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