RIO DE JANEIRO, BRAZIL - President Iván Duque announced the "Social Investment" bill through which his administration hopes to raise 15.2 trillion pesos (about US$3,977 million) to guarantee public finance stability and economic reactivation and growth, severely impacted by the coronavirus pandemic.
"What we have before us is a social investment bill backed by income figures sufficient at this time to take the step that we deserve as a society," Duque said while presenting the bill.
The most significant tax burden, which represents 60% of the projected costs, will be applied to business, as 6.7 trillion . . .
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