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Content publication date
May 24, 2021
Last update: August 8
· The Social Investment Project seeks to raise $15.2 billion a year and is the result of a consensus with different actors in society, such as young people, congressmen, beneficiaries of social programs, entrepreneurs and departmental and municipal authorities, aims to protect the most vulnerable, reactivate the economy and stabilize public finances.
· This project will reduce poverty and inequality to levels even lower than those that existed in prepandemia, since the initiative contemplates reaching 4.1 million households, between 12 and 15 million Colombians, who will join the existing social programs to reach 50% of the country's households.
· The project will not touch the country's middle class, but will go to the solidarity call of the business sector, dismantling tax benefits in the ICA and the income tariff, without affecting the competitiveness of the country's productive sector. In addition, a real commitment to austerity of public spending and fight against evasion.
· President Duque recalled that with the Social Investment Project being studied by Congress, it will be possible to extend the PAEF and the credit lines guaranteed by the National Guarantee Fund (FNG), of which the country is unprecedented, and with which tens of tens of thousands of companies, especially small and medium-sized enterprises, they were able to get around the difficult situation created by the pandemic.
