In his most recent article about Colombia, The prestigious British media The Economist referred to the drop in tax collection in the country, which fell 10% in the first four months of 2024, compared to the same period of the previous year.
(Read: $20 billion is not enough!: this would be the ‘magic’ figure to comply with the fiscal rule).
In addition, he highlighted that on June 6, the Minister of Finance temporarily blocked new expenses for public projects, in an attempt to comply with the Fiscal Rule and his debt obligations.
The publication, which in past editions has made references to Colombia, He also referred to the reforms being carried out by the Government such as pension, health and labor reforms, which for now do not show much progress in the legislature..
Gustavo Petro Sergio Acero Yate / Portfolio
“Since taking office, Gustavo Petro has been promoting a series of reforms. In particular, the president wants changes in health care, work and the pension system. But nearly two years into his tenure, the bills underpinning his signature reforms have stalled. There is opposition in Congress and in the streets. Petro is pushing Congress to pass the laws before the legislative session ends on June 20. Meanwhile, his moderate allies are trying to stop him, so that his intransigence does not cause his approval to fall below the 34% at which he has been stuck for months.says the publication about the panorama of Colombia.
(See: Hard setback for Petro’s labor reform: Chamber eliminated 20 articles).
Besides, The Economist says that violence and corruption scandals are eroding the government’s remaining political capital.
“Shootings and kidnappings are increasing in the south of the country, undermining Petro’s campaign promise to achieve “complete peace””mentions the article.
He also denounced the scandal over contracts in La Guajira, which includes former UNGRD officials.
Finally, he pointed out that to carry out the campaign promises, the Government of President Petro requires “less populism and more pragmatism”.
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