Colombia’s Finance Minister announced that the government is considering delaying 2025 budget spending. This decision follows a failed tax reform and aims to preserve social expenditures while exploring alternative funding through tax amnesties.
Colombia’s Finance Minister Diego Guevara announced on local radio that the government is contemplating a delay in the planned budget spending for 2025. Specific figures for this potential delay will be established in the following weeks. Guevara stated, “We are evaluating delaying some additional areas, that’s true, with a more detailed revision and without affecting social spending but rather grounding some goals a bit.”
In conclusion, Colombia is weighing a delay in its 2025 budget spending due to previous failed tax reform efforts. The Finance Minister emphasized that social spending will not be affected. Future strategies may involve invoking tax amnesties to gather sufficient funds instead of pursuing an additional tax reform.
Original Source: www.tradingview.com
