Colombia’s Tax Reform Is Key, Ambitious: Deputy Finance Minister

Colombia’s tax reform is key and ambitious, amounting to close to 1.5% of GDP, Deputy Finance Minister Gonzalo Hernandez Jimenez at an IMF panel in Washington.

• “We really require more revenue to finance the fiscal spending needed for physical and social infrastructure”
• Governments need to respect fiscal rules and answer to social demands, he said
• “We will have complete fiscal responsibility”
• Tax reform has mechanisms to ensure government’s strategies toward a dynamic economy, he said

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Dale Quinn in Mexico City at dquinn40@bloomberg.net

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