In this sense, he added that in order for this not to happen, the country will have to grow more, which will increase the economy tax collectionbecause this is necessary to build confidence and encourage investment.
“He Government “It should reduce its expenditure, taking into account that this year’s budget is the highest in history,” Ballén explains.
At the same time, José Manuel Restreporector of the EIA University and former Minister of Trade and FinanceEL HERALDO stressed that this decision carries the risk of losing the degree of loss investment with S&P, one of the most representative rating agencies Colombia Today it is investment grade.
“Lowering the outlook puts the country on track to lose investment quality, and the concern is that the situation will then move from stable to negative, mainly due to low levels of economic growth and expectations arising from the delay that private investments are directly affected,” Restrepo emphasizes.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
