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Colombia's government lowered its revenue target for the proposed tax reform to between 18 trillion and 20 trillion pesos, about $4.84 to $5.38 billion. Officials said they are open to negotiating other parts of the plan, which includes cutting sales tax exemptions.
A smaller fiscal target eases one source of pressure on Colombia's credit rating and peso. It has no meaningful effect on feed commodity supply or demand.
reuters.comApr 28, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
