Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Bogota, December 23 (Xinhua) — The Colombian government on Monday issued a decree declaring a state of economic and social emergency in the country for 30 days, local media reported.
According to reports, the move is aimed at overcoming the difficult situation the country is going through and taking the necessary measures to contain the spread of the crisis.
Media analysis shows that the direct cause of the state of emergency was the government's proposed tax reform bill, which was rejected by Congress on December 9, leaving Colombia's 2026 national budget facing a budget deficit of approximately 16 trillion Colombian pesos (approximately US$4.2 billion).
The decree states that after declaring a state of emergency, the government may issue legally binding decrees to address the crisis and prevent its spread. It may also temporarily introduce new taxes or amend existing ones.
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