Tax reform plan to increase revenue by less than 1% of DGP

BNP Paribas projects that the current tax reform bill would not increase revenues by more than 1% of GDP. With this, the country will not achieve its goal of a 2.5% deficit by 2022. The bank expects the authorities to lower the fiscal target (closer to 5% of GDP) or extend the fiscal rules’ current suspension.

Source: Portafolio