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Colombia’s government presents “Economic Rescue Bill”

Colombia’s Vice-President Jose Manuel Restrepo on Thursday presented an Economic Rescue Bill that seeks to reduce government spending and increase its revenue.

  • Colombia's Economic Rescue Bill aims to curb spending and boost revenue.
  • President de la Espriella gains extensive powers to cut spending via executive decree.
  • Tax hikes on gasoline, coffee, cigarettes, and vegetables take effect post-2027 elections.

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