The Government Lists the ‘Red Button’ of Fiscal Escape to Make the Debt Ceiling More Flexible

El Pais

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One year after the presidential elections in Colombia, Gustavo Petro’s government seems determined to break the rules of fiscal prudence. Or, at least, to suspend them. As the Minister of Finance, Germán Ávila, said during the biggest annual banking summit held last week in Cartagena de Indias: the current rule of 2011 is not a sacred text. Although it is in the Constitution, it should not be seen as a “religion.” Its diagnosis is that, on the c…