Two New Estimates of the Fiscal Impact of Immigration (Part 1)

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Two New Estimates of the Fiscal Impact of Immigration (Part 1)

Over the past few years, we have seen an increasing body of research on the fiscal impact of immigrants to the US, that is, their impact on the budgetary situation of the federal government and often also state and local governments. These fiscal effects are, for example, a primary focus of the landmark 2017 National Academies of Sciences (NAS) report on The Economic and Fiscal Consequences of Immigration, and of an updated, improved, and expand…

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Meeting of the Board of Directors of the Banco de la República with new co-directors appointed by President Petro. Photo: Banco de la República. The Board of Directors of the Banco de la República gave Congress a report in which it warns that compliance with the Fiscal Rule and the stabilization of public finances are critical in 2025 because of the impact they could have on the country's risk premiums.