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Colombia’s Radical Austerity Plan Faces a Tough Road in Congress
Source: Bloomberg
Fiscal Policy & BudgetTax & TariffsSovereign Debt & Ratings
Colombia's government characterized its situation as the country's largest fiscal crisis since independence roughly two centuries ago. President Abelardo de la Espriella's administration is seeking to avoid tax increases, potentially limiting available measures to address the fiscal shortfall and heightening sovereign-finance risk.
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