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Colombia's New Government Proposes $5.76 Billion Tax Reform to Congress

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Reuters

Reuters

Bogotá — Colombia's new left-wing government enacts a tax reform bill on Monday to raise approximately 25 trillion pesos ($ 5.76 billion) in 2023 to increase income to fund poverty alleviation programs. Formally proposed to the person.

Finance Minister Jose Antonio Ocampo said the bill would eventually add about $ 11.53 billion annually to government funding, and revenues would gradually increase as part of the law came into force. He said.

Funds raised by imposing more fees on high-income individuals and commodities are the ambitions of social programs such as hunger measures, free public colleges, and assistance for the elderly without pensions. Agenda. ($ 1 = 4,337.28 Colombian peso) (Report by Carlos Vargas and Nelson Bocanegra, Written by Julia Symmes Cobb, Edited by Jonathan Oatis)