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Oxford Economics on Petro: "the Road to Fiscal Ruin Is Paved with Good Intentions"
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Oxford Economics warned that during the government of President Gustavo Petro primary spending has increased. Photo: Presidency of the Republic. Although Oxford Economics sees viable the Colombian government’s goal of reducing the fiscal deficit by 4 percentage points (pp) to bring it to 3.1 percent of GDP in 2028, it warns that it is optimistic and that it will only be a reality if the next administration commits itself to the process.
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