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CORRECT: Colombia to Add Fuel Subsidy Costs to 2023 Budget

Aug. 23, 2022, 10:13 PM

(Corrects to say fuel subsidy costs will be incorporated to 2023 budget in second bullet)

  • Colombia’s Finance Minister Jose Antonio Ocampo speaks to reporters in Bogota after meeting with lawmakers to discuss the tax bill
  • Colombia will incorporate the deficit caused by fuel subsidies in 2022 to the 2023 budget
  • Reiterated the government is open to discussing changes to the proposed levy on dividends which is part of the tax bill sent to congress earlier this month
    • NOTE: From Aug. 18, Petro Taxes May Almost Kill Off Colombia Stock Market, Sura Says
  • Expects tax bill to be approved by congressional ...