# Colombian government lowers revenue target for proposed tax reform

> 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.

- Date: 2021-04-28 · published 2021-04-28T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/47887-colombian-government-lowers-revenue-target-for-proposed-tax-reform
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Sources

- reuters.com: https://www.reuters.com/world/americas/colombian-government-lowers-revenue-target-proposed-tax-reform-2021-04-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.