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Latest news with #fiscalRule
Bloomberg
13-06-2025
- Business
- Bloomberg
Colombia Suspends Fiscal Rule That Curbed Government Deficits
Colombia will activate the so-called escape clause that suspends its fiscal rule, Finance Minister German Avila told reporters in Bogota. The rule was introduced by a law in 2011 and limited the government's ability to run up debt.
Reuters
06-06-2025
- Business
- Reuters
Colombia will not paralyze economy to comply with fiscal rule, says minister
BOGOTA, June 6 (Reuters) - Colombian Finance Minister German Avila said on Friday that "paralyzing" the economy to comply with the country's fiscal rule is not an option and that the government will take steps, including increased borrowing, if needed to ensure growth. His remarks follow news that Colombia may invoke an "escape clause" to suspend compliance with the fiscal rule governing government finances.
