Economy

Although the Consultative Committee of the Fiscal Rule (Carf) which recognizes that the Government Financial Plan presents a scenario with positive figures for 2023, warns about the levels with which the net debt closed and its slow decrease for this year, which could limit the ability to react to unexpected shocks.(Also read: With collection of valuation for works, the Government expects to raise $ 20 billion) And it also points out that for a longer-term scenario, that is, 2024 and subsequent years, a "risk in meeting the goals of the structural net primary balance (BPNE)" and convergence towards the anchor…

At about 8 in the morning yesterday, when the attendees of the World Economic Forum in Davos began to arrive at the Congress Center, the thermometer marked seven degrees below zero. The temperature, typical for this time of year in the town located in the Swiss Alps, forced those present to wear hats, gloves, scarves, boots and thick jackets every time they went out.But the cold outside was offset by the warmth of the enclosed area. And not only because of the heating, but also because of a couple of main messages after the first day of sessions, which served…

After several years of working on its approval and regulation, the government of President Gustavo Petro arrived determined to begin collect the valuation tax to the property owners who have benefited from the infrastructure works that have been built in the country.Although last week the Minister of Transportation, Guillermo Reyes, assured in an interview with EL TIEMPO that this payment would only be made until 2024, in the last few hours he announced that It will begin to be carried out from this year.(Also read: Concessions that raised tolls should lower them: there will be no refund) He said that…

Industrial production and retail trade sales gave further signs of a slowdown in the economyAccording to the data to November presented yesterday by the Dane. Retail trade sales increased 1.7 percent in the eleventh month of the year, which contrasts with the increase of 11.8 percent in the whole of the 11 consecutive months.Meanwhile, industrial production grew in that month 4.5 percent below the 11.8 percent that it had grown in the accumulated once months.By December, according to Fenalco's Monthly Log, businessmen reduced their profits or lost money.71 percent of those surveyed saw their sales decrease or increase in similar…