This Saturday, July 20, 2024 The third legislature of the four-year term begins during the mandate of President Gustavo Petrofor the period from July 20, 2024 to July 20, 2025, of the Congress of the Republic.
(Further: ‘Clinging to producing fossil fuels would be suicide for the economy’: Petro).
In view of this legislative period, the president of the Colombian-American Chamber, AmCham Colombia, Maria Claudia Lacouture said that this will be a really important moment for the economic development of the country “in a context of slowdown and fiscal fragility“. “We need you to keep these three words in mind: consensus, independence and respect.“, he added.
In this regard, he indicated that consensus must emerge from discussions of propositional debates. “Let the different opinions be taken into account and the difference of opinions be respected, so that in the end there is independence of the actors, managing to generate bills that benefit all Colombians.“.
(Read: The Congress that the National Government will meet with the new legislature).
Lacouture emphasized the importance of the independence of congressmen in making decisions on the “such important reforms that the country requires“.
Tax reform
Taking into account the moment of economic slowdown that the country is experiencing and the tax reform that has been proposed, the president of AmChan Colombia explained that The best thing to do at this time is to have austerity in spending and efficient execution of the same.
“Achieving investment, using the investment budget that is currently at 22%, but the average has been at 27.4%, is a first step before making a reform that takes time and the country’s urgency in economic development requires immediate action.“, Lacouture emphasized.
(See: Reactivation and reforms: Government priorities in the new legislative period).
María Claudia Lacouture, president of the Colombian-American Chamber, AmCham Colombia.
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He pointed out that Colombia needs “significant growth” and that “lThe needs and social gaps require that we have growth above 5%, and the outlook for the end of 2023 does not exceed 1.1%“. Regarding this figure, he stressed that “It is mediocre“.
The panorama
Lacouture pointed out the report on the investment climate of the US State Department, which highlights that Colombia with the concepts of national sovereignty that the Government has proposed in key sectors for the economy ““generates significant uncertainty in the business community.”
(Further: The successes and failures of the Government at the end of the second legislative period).
“The panorama that we see is a panorama of caution, it is a panorama of prevention, it is a panorama that is framed by uncertainty.“, said the executive.
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