Populism with figures, not serious economic policy
In full 2026 we are witnessing another maneuver by Gustavo Petro's government that should worry anyone who believes in fiscal responsibility and economic rationality. What is presented as a social victory is nothing more than a political move to gain applause and headlines, deliberately ignoring the profound consequences this has on the country's stability.
TL;DR
- The government's 23.7% salary increase is seen as a political maneuver, not an economically sound decision.
- The increase lacks technical basis, ignoring productivity, inflation, and companies' real capacity.
- The state, as a major employer, will face increased budget pressure and a wider fiscal deficit.
- Up to 700,000 formal jobs could be lost, weakening the social security system.
- The author advocates for lower taxes and better salaries through economic growth and fiscal responsibility.
- Past government actions, like fuel price adjustments, followed a similar pattern of initial hardship followed by marginal relief.