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Tax Evasion Fight May Raise COP16 Trillion in 2021


Colombia Finance Minister Jose Manuel Restrepo speaks at a Camacol construction chamber (scheduled for 9am local) event after making comments in a webinar late yesterday:

  • Colombia needs permanent revenue with tax bill.
  • Expects to have the bill approved in the third quarter.
  • Colombia has raised more than COP9 trillion with tax evasion fight through July and may raise COP16 trillion this year.
  • Colombia 2022 fiscal deficit may be close to 7%/GDP.
  • Colombia's economy will grow strongly in Q3. (BBG)

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