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The debts inherited by the Government of Gustavo Petro
In this sense, RTVC News exclusively states that through sources from the Ministry of Finance that the debts left by the previous Government must be paid between 2023 and 2025, which, for the current Government, commits a good portion of the budget to that commitment. .
To the point that these debts, calculate the technicians of the Ministry of Finance, can represent between 4 and 4.5 percent of the gross domestic product, in today’s figures. That is, between 56 and 63 billion pesos a year.
To understand this figure, we can say that the past tax reform allows us to collect 20 billion. That is, the total of that debt reaches 3 tax reforms. But this is not the only red obligation of the Government.
From the Ministry of Finance, they confirmed to RTVC News that the previous Government acquired another debt. This, for 5,400 million dollars and the creditor is the international monetary fund. The portfolio explained that it must be paid in the next two years. In other words, with the total obligations, the Government would no longer pay 63 billion, but more than 100 billion pesos a year for outstanding debts.
What the Government of Gustavo Petro fears is that these commitments take away margin for the distribution of the budget, which is divided into three parts: debts, investment expenses, and operation of the State.
#PrimiciaRTVCNews | ?️ The President @petrogustavo He criticized the economic management of the past Government because, according to the Head of State, there was negligence in paying the debts.#ElNoticieroDeTodos met in #EXCLUSIVE the debts inherited by the current government pic.twitter.com/IWjzSRiiJe
– RTVC News (@RTVCnoticias) July 29, 2023
The National Budget to be presented by Gustavo Petro
Last night the entire cabinet worked until 5 am today.
Reason: to perfect the project of the general budget of the nation that will be delivered today to Congress.
Surprising the economic mismanagement of the past government. Due to their negligence in paying the public debt…
— Gustavo Petro (@petrogustavo) July 28, 2023
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