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Colombian economy DGLGG6XYZS47GF4VCJJTN7KJEA, Economic overview of…
Colombian economy
Growth of the economy
three sources
Productivity
Raise their productivity.
International trade
Foreign investment
Reduce taxes
Encourage export
Business creation
Employment generation
Unusual income of resources
fiscal risk
Tax security
Factors of production
increase in the volume of productive factors
Employment generation
reducing Employment informal
reduce labor costs
Sustainability of public finances
Problems
Government income
Insufficient
Fight against evasion
Inequitable
fight corruption
Jail the corrupt
Tax
To eliminate exemptions
Government spending
Inflexibility
inequitable
inefficiency
study beneficiaries
lack of planning
A new way of budgeting spending
Can regions better manage their own development
Regional income
The General Participation System
Difficulties
strongly regulated
leaves little margin of autonomy
A greater autonomy of the territories
The current General System of Royalties
Difficulties
processes complex
producing municipalities saw their incentives
Fiscal resources should be fostered
Tax
impossibility of creating taxes
create tax
increase regional spending
job creation
Companies
Tax
Only necessary taxes
reduce labor costs
encourage business creation
financial support
Reduce taxes
Encourage job creation
youth employment
Encourage skills
Economic overview of Colombia OECD
ANDI development prospects report
References:
Jefferson García Castrillón English Level 2-3 Course proyect
Fedesarrollo proposals for the new government,
