The Inevitable Comprehensive Fiscal Reform: Prepare

El Financiero

Lean Right

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Last Saturday, the Ministry of Finance issued a statement in which it emphasized that the country's public debt, in its broadest sense (Historical Balance of Public Sector Financial Requirements), was located in May at 49.2% of GDP compared to 51.3 percent with which the year 2024 was concluded.This data could generate the impression that public finances have sufficient slackness to reduce debt.Beware of this false sense of tranquility.Public fi…

Bloomberg Linea

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José Antonio Ocampo, former Colombian finance minister (2022-2023) and former director of the Banco de la República (2017-2019), believes that it is “inevitable” that the next government has to make a tax reform in the midst of the fiscal pressures facing the South American country and that they led him to have a double credit rating reduction. “The incoming government will have to make a tax reform, I see it inevitable. Interestingly, what this…