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Colombian Finance Minister announces economic emergency decree with new taxes, as business leaders express skepticism.
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Colombian government plans to declare economic emergency to raise $16 trillion

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Finance Minister Germán Ávila announced the declaration of an economic emergency following the failure of the tax reform, aiming to fund $16 trillion for the 2026 National General Budget. The draft decree includes taxes on assets, alcohol, cigarettes, and a special levy on hydrocarbons and coal. Business guilds such as Andi, ACM, and ACP question its constitutionality and effectiveness.

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