Within the framework of the annual congress of the Colombian Chamber of Infrastructure, the Minister of Finance, José Antonio Ocampo, assured that in the next meeting of the Board of the Banco de la República the possible intervention in the foreign exchange market will be studied in view of the volatility of the rate.
(Read: ‘Everything will be tied to core inflation, not total’: Ministry of Finance).
“The volatility of the exchange rate is very high, much more than in other Latin American countries, and that makes us think that there is a problem.”, he said about it.
The head of portfolio pointed out that, although the volatility of the dollar has calmed down these days, the made rise above $5,000 pesos, reflects a difficulty. “However, we must wait for what the Bank of the Republic decides.”
This discussion, in the words of Ocampo, was already played in the meeting.
Another tax reform?
On the other hand, Minister Ocampo assured that the Government, by 2023, is preparing a departmental tax reform with in order to modify taxes of the territories and thus remain the same.
(Read: Migration announces investigation of the official who attacked the traveler).
“The Government is going to present a tax reform to departmental and municipal taxes. That’s more like a rationalization of a system that is very complete, almost chaotic in some cases, to have a single better system.”, indicated Minister Ocampo.
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