Colombia Proposes Steep Spending Cut as Fiscal Woes Deepen
The proposal signals a government response to worsening fiscal conditions.
Story updates
10:52:01 PM UTC
SquawkNews
By Carlos VargasColombia's government on Thursday submitted to Congress a sweeping fiscal reform bill aimed at cutting public spending by about 15%, raising revenue through tax measures and averting a deeper deterioration in the country's public finances.The proposed "Rescue Law" marks a high-stake…