President Gustavo Petro announced he will sign the economic emergency decree this Thursday

TL;DR

President Gustavo Petro will sign a new economic emergency decree on Tuesday, February 24th.
The decree will impose a surcharge on the income tax of financial institutions.
This measure aims to increase fiscal revenue amid a fiscal crisis.
A previous decree was suspended by the Constitutional Court.
The decree might also include a wealth tax for large companies.
The use of economic emergencies for fiscal reforms raises concerns about institutional limits and executive power.
President Petro argues these measures are necessary to address the fiscal crisis and balance state finances.

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