Colombian budget for 2021 could be underfunded by $10.2 bn

The Colombian Central Bank and Fedesarrollo warned a new tax reform could be needed to finance $10.2 bn of the $84 bn in revenue that the Government expects in 2021. “Returning to the goals of the fiscal rule by 2022 will depend on the approval of fiscal reform to generate additional structural income for 2% of GDP,” the Central Bank said.

Source: Portafolio