Proposals presented by Colombia’s national federation of retailers (Fenalco) for boosting depressed domestic consumption levels have been rejected by the government led by President Juan Manuel Santos. The government considered that the initiatives, which mainly revolved around temporarily easing the tax burden on consumers in the final months of the year, would be counterproductive to its efforts to balance the fiscal books. But with Colombia’s domestic economy set to register moderate growth once again this year, the dual challenge of stimulating consumption and maintaining fiscal stability looks set to dominate the debate over the draft 2018 national budget. End of preview - This article contains approximately 659 words.
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