The next government will have to address the country's fiscal needs with a tax reform': Minhacienda
Germán Ávila, Minister of Finance and Public Credit, reveals that a tax reform is needed due to the fiscal crisis. Photo: Senate of the Republic
TL;DR
- President Gustavo Petro will present a new tax reform bill to Congress on July 20, 2026.
- Minister of Finance Germán Ávila highlighted the need for the reform due to the country's fiscal crisis and climate emergencies.
- The Constitutional Court's decisions have impacted the government's ability to secure necessary revenues.
- The next government will be responsible for addressing the fiscal situation and controlling the fiscal deficit.
- Details regarding the amount and specific taxes included in the reform have not yet been released.