Petro announces fuel price increase in Colombia

Petro announces fuel price increase in Colombia
Petro announces fuel price increase in Colombia

Gustavo Petro presents that the end of gasoline subsidies would be important to increase government revenue to promote social programs

Colombian President Gustavo Petro

247 – The newly elected president of Colombia, Gustavo Petro, considered one of the main faces of the “new left”, alongside Gustavo Boric, from Chile, announced an unpopular measure this week. Gasoline prices will start to rise. The country has one of the lowest prices in South America, just above Venezuela and Bolivia.

The government’s main economic project is a new tax reform, which has been praised throughout the international corporate press. The government, to increase its revenues, will cut public subsidies on gasoline – which keep the price so low.

Knowing that the measure is unpopular, Petro announces the question this way: “Is it worth subsidizing gasoline for 40 billion pesos (R$ 48 million) when the infant mortality rate from malnutrition is doubling?” That is, the end of gasoline subsidies would be important to increase government revenue to promote social programs.

CONTINUES AFTER RECOMMENDATIONS

“We would have a deficit of 28 billion pesos (R$ 33.6 million) if we don’t start to raise fuel prices strongly, which is a very complex issue”, announced a few weeks ago the Minister of Finance, José Antonio Ocampo.

As much as it proposes to carry out social programs, the rise in fuel prices around the world has been the reason for several popular insurrections, as it increases general inflation. To exemplify with more recent, close and regional cases, it is enough to cite the Paraguay it’s the Haiti.

subscribe to 247, support by pix, subscribe to TV 247in the channel cuts 247 and watch:

Knowledge sets you free. I want to be a member. Follow us on Telegram.

The article is in Portuguese

Tags: Petro announces fuel price increase Colombia

PREV Find out which games are today, Saturday, October 1st, in Brazil and abroad
NEXT Farewell to Antonio Inoki, discovered in Brazil, marked the golden age of wrestling in Japan
-

-

-

-