Colombia is facing a significant budget shortfall of nearly $7 billion due to a collapse in tax collection, according to Reuters. This financial gap, estimated at 27, is causing concern in the market as the government seeks solutions. Meanwhile, the country's largest companies are preparing for increased energy costs as reduced natural-gas production necessitates expensive imports to prevent shortages.
Colombia’s biggest companies are bracing for energy costs to soar as dwindling natural-gas production forces the nation to turn to costly imports to avoid shortfalls, @anjaralop reports https://t.co/KcIP32rKMY
Colombia’s biggest companies are bracing for energy costs to soar as dwindling natural-gas production forces the nation to turn to costly imports to avoid shortfalls https://t.co/CXP5J4uwq1
💡 Colombia: Current account deficit narrows to USD 1.9bn in Q1 - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/9ZvXzJJucu
Colombia facing budget shortfall of nearly $7 billion - Reuters https://t.co/2cJAhU9uC0
🔵 COLOMBIA FACING BUDGET SHORTFALL OF NEARLY $7 BILLION Full Story → https://t.co/clfMxrdBIg A collapse in Colombia's tax collection is setting off alarm bells for the market, which says the government will need to contend with an estimated budget shortfall of some 27… https://t.co/GRfNmC5Trq