Reported 1 day ago
Diego Guevara, Colombia's new Finance Minister, underscores the government's commitment to fiscal sustainability and attracting investors despite challenges in public finances. He warns that failure to maintain this could lead to severe repercussions, as evidenced in neighboring Brazil. Guevara highlights the need for flexible fiscal targets to handle economic fluctuations and stresses the importance of adhering to current fiscal rules while also exploring potential spending cuts due to prior congressional rejections of budget proposals. Investors are concerned about rising public spending and Colombia's credit rating, which has already seen a downgrade.
Source: YAHOO