A crucial legislature




What we do not see are the proposals to achieve greater equity, those that simplify the state, that generate solutions for more development, that stimulate employment and solve the pending and fundamental problems that our country has.

By: Maria Claudia Lacouture, Executive Director of AmCham Colombia

Bogotá, July 27 (AmCham Colombia) .– All legislatures are decisive for the governability of a country, but few are as crucial as the one that has just started in Colombia and which will be fundamental to recover citizen tranquility, guarantee economic stability and political trust.

And it is that many critical factors are combined: the need to control the pandemic, reactivate the productive system, respond to social demands, guarantee the clear rules of the game for investment and give a new institutional dimension to a distrustful nation, with symptoms of destabilization, prone to opportunistic populisms in a pre-election year.

Faced with this, it is urgent to put the common good first, policies that benefit the majority, sensible projects and according to today’s needs, such as the urgent tax reform, without which we will not obtain the investor confidence or the essential resources for the short term.

Given that the scope of the tax is limited, it will be up to the next government to do the full exercise to prevent the public deficit from growing, increasing the debt and leaving us at the mercy of an inflationary spiral, which will not only affect employment but also purchasing power. of all Colombians.

For what remains of this administration and for the next, we need a committed legislature and a responsible opposition, without ideological passions, that proposes viable solutions without media protagonism or electoral projections, proposals that limit large investments, restrict efforts to face the post-pandemic and weaken state capacity.

Additionally, we see the intention to exert greater pressure on companies, which in the end are those that are making the greatest effort, not only with their contributions to public finances, but with employment programs and retention of human talent and participation in vaccination massive. If we take capacity away from companies today, who will contribute tomorrow?

Even the Unemployment Committee insists on reloading the agenda with measures that are in the official proposals, unaware that there are projects that resolve their requests and that they will surely present as their own to reinforce their short-term interests.

We also have to be aware that resources are scarce and that it is irresponsible to invent more subsidies such as those proposed by the Unemployment Committee. It will always be better to provide employment, education and health than unsustainable subsidies.

And there are other initiatives that may imply a significant impact such as pharmaceutical safety, which affects the commitments derived from the FTA with the United States on intellectual property; single-use plastics, which should be reviewed to avoid imposing goals that keep sector innovation away; or those projects that discourage digital transformation.

What we do not see are the proposals to achieve greater equity, those that simplify the state, that generate solutions for more development, that stimulate employment and solve the pending and fundamental problems that our country has.

We are definitely facing a crucial legislature that, if we fail to work for the common good, responsibly and as a team, we will end up with projects that will exhaust the only source capable of generating stable and equitable development in the long term: companies.

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