The importance that the Minhacienda Ocampo has had in the Government

The National Government released the management balance of the first 100 days of its administration. President Gustavo Petro and his ministerial cabinet spoke about the achievements and the road map for the next four years. ButWhat do economic experts say about the government’s work?

(Ocampo hopes that taxes on companies will be lowered in the next tax).

Portafolio spoke with César Tamayo, dean of economics at Eafit, about the influence that the decisions of the Gustavo Petro government have had on the Colombian economy, 100 days after coming to power.

(Economic challenges faced by the Government in its first 100 days).

For Tamayo, “the priorities that Gustavo Petro’s political platform has had reflect political positions (…) We are seeing the preferences of a political platform in the economic and social policy proposals”.

Which, in turn, have had effects such as the rise of the dollar, which in recent times has reached historical figures. “Although it is not the only reason that explains the increase in the price of the dollar because we are also going through a difficult international financial situation and all the world’s currencies are depreciating against the dollar, this has been exacerbated to a large extent by announcements made by the current government on the management it plans to give to different sectors of the economy, such as energy mining“said the dean.

And it is precisely in situations like these that one of the most relevant issues, assured Tamayo, has been the role played by the Minister of Finance, José Antonio Ocampo, in government.

(Petro in power: the impact of his decisions on the economy).

Given that his opinions regarding issues such as tax reform, the energy mining sector and the rise of the dollar “have helped to qualify some of the announcements or public positions presented, even by President Petro himself, giving him a bit of a sense of reality and trying to interpret them. Which has helped build trust.

Therefore, according to the expert, it could be said that the Ministry of Finance has been an influential figure not only in the Government, but also in the reaction of the markets and the citizens themselves.

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