Should Colombia reduce the size of the State? Analysts suggest a cut of $75 trillion
In Colombia, the functioning of the State would represent one out of every three pesos in the economy, equivalent to 33% of the Gross Domestic Product (GDP)...
TL;DR
- The state's operations in Colombia represent 33% of the Gross Domestic Product (GDP).
- This means one out of every three pesos in the economy is related to the state's functioning.
- Analysts are suggesting significant budget cuts, potentially amounting to 75 trillion pesos.