The German Forces against the Cárdenas-Maginot Line

COLOMBIA - Report 15 Sep 2014 by Veronica Navas and Mauricio Santa Maria
Executive Summary The test of the new governance layer that added Nestor Humberto Martínez as minister to the presidency will come sooner than expected: the proposed 2015 budget presents tough fiscal and political dilemmas. A crucial test will be defending the fiscal rule (a kind of fiscal Maginot line), against the forces that demand higher public expenditure. Finance Minister Mauricio Cárdenas argues that a COP 12 trillion tax reform is required just to keep up with current government spending. Congress is well aware of the government’s desperate need for resources next year, and will pla...

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