during the forum ‘Light at the end of the tunnel?: projections for the economy in 2025’, carried out by Corficolombiana, the technical vice minister of Finance, Diego Guevara, said that The Government is committed to complying with the fiscal rule and to the future validity of infrastructure works..
(Read: Light at the end of the tunnel?: projections for the economy in 2025).
In addition, he said that as of September the economy was growing at 1.6%, a figure that represents double the same period of the previous year.
In his speech at the forum, he highlighted that agriculture and the public sector are driving economic activity in the country, but revealed that the manufacturing industry and mines and quarries have not reacted in the same way.
(Also: What’s coming for the SGP reform after its approval in Congress).
In that same sense, Vice Minister Guevara said that construction and the financial sector are beginning to rebound.
For the official, this economic improvement has to do with the reduction in the interest rate, but he assured that there is room for further reductions.
Likewise, he stated that there are good signs that are related to GDP and a positive outlook for job creation in Colombia.
(Besides: Experts point out that with regulation of energy caps the price of tariffs will not drop).
In his participation in the Corficolombiana forum, The official considered that the Government is committed to contributing and promoting economic growth, while complying with the fiscal rule and future regulations..
Finally, he assured that The Government has promoted the advancement of microfinance and highlighted that the Credit Pact is helping strategic sectors.
“We must put on our shirts to get through this fiscal moment,” concluded Vice Minister Guevara.
PORTFOLIO
