Colombian lawmakers vote against government's $2.24 billion tax reform
2024-12-12
Category: economic

Colombian lawmakers on Wednesday rejected a tax reform which the government of President Gustavo Petro said was necessary to finance its budget in 2025, following recent cuts to this year's spending plans amid lower-than-expected tax take.
Economic committees in the Andean country's Congress voted against the proposed reform, which Finance Minister Diego Guevara this week said would raise some additional 9.8 trillion pesos ($2.24 billion)
($1 = 4,377.34 Colombian pesos)