'Neither head nor tail': Ocampo on Jaime Dussán's statements

‘Neither head nor tail’: Ocampo on Jaime Dussán’s statements

The recent statements by the president of Colpensiones, Jaime Dussán, have unleashed a wave of criticism about the use that would be given to pension savings of the Colombians.

(Read: Petro denies the president of Colpensiones).

Dussán assured that they could be used to finance projects such as the train from Barranquilla to Soledad and other investments in infrastructure. Given this, President Gustavo Petro intervened.

It is not true that the savings that the government makes from its transfers to Colpensiones today will be spent tomorrow, with the reform, on infrastructure“, wrote the president through his Twitter account.

(In addition: Colpensiones: criticism for the use that would be given to pension savings).

Likewise, on the morning of this Tuesday, December 27, Finance Minister José Antonio Ocampo, ruled on Dussán’s statements. In an interview for ‘La FM’ he assured that “It is not the function of the director of Colpensiones to say what is done with the resources. You don’t have to meddle. They were statements that have neither head nor tail“.

Later, in an interview for ‘Blu Radio’, Ocampo said that fortunately President Petro had Came out to rectify that information.

The debate on pension savings does not seem to end. According to Petro, it would not be the money that Colombians have in the funds that would go to infrastructure projects, but rather that eventually saves by not having to transfer money from the National Budget to cover pension expenses of Colpensiones.

(Keep reading: Pension funds have indeed invested in infrastructure under the law.)

Only in the first two years will we spend half of the budget savings to reduce the fiscal deficit that we inherited to reduce the costs of national debt and thus produce a second budget savings that can be allocated to investment in infrastructure“said the president.


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