Sunday, January 29, 2023

Logo Central America Link

Colombias fiscal risks may mean more cuts

Friday, March 11, 2016

Spending cuts worth $1.8 billion will likely be insufficient for Colombia to meet its 2016 fiscal goals, economists and investors say, arguing that more may be needed to prevent a debt downgrade.

The country is far better off than neighboring Brazil. But plunging oil and coal revenues have eroded Colombia's fiscal accounts, leaving Latin America's fourth biggest economy scrounging for savings across the board.

Source: Reuters