2024-06-10 04:31:02
In the course of the closing occasion of the Banking Conference in Cartagena, President Gustavo Petro affirmed that the choice to chop the Nation’s funds is due, largely, to an error within the 2023 tax reform. Likewise, the president assured that the nation is underfunded and has the worst monetary system in Latin America.
It’s value remembering that it was the Minister of Finance, Ricardo Bonilla, who introduced that the nationwide authorities will make a reduce of 20 billion pesos within the funding funds for 2024. The above is equal to twenty% of the whole quantity, which is $100 billion.
“Final 12 months the tax assortment was exaggeratedly excessive and right here we’ve to say why, as a result of there was a Authorities error. February 2023 and the tax reform had simply been permitted, within the try to point out a profitable reform, a decree was issued that elevated earnings advances, earnings tax and withholding of the supply: mortal. Massive taxpayers already paid the tax final 12 months and so we’re underfunded. That’s the reason the Minister of Finance reduce spending,” mentioned the president.
Lastly, the president assured that “we’ve the worst monetary system in Latin America at the moment.” Because of this, he didn’t rule out making a compelled funding to resolve this case.
“Within the proposals that might be offered, I lean in the direction of compelled funding utilizing agriculture as a mannequin, which already exists,” concluded Petro.
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