After President Gustavo Pedro's announcement, there was a huge uproar across the country. A scenario of institutional breakdown His overthrow was brewing, and he called for those close to his movement to surround the state to prevent him from disrupting the government.
(Also read: 'Institutional breakdown'?: Keys to Petro's rift with prosecutor's office and other institutions)
Although this news raises the possibility of presenting a never-before-seen reality, unknown to many, Experts warn that this is something that cannot be taken for granted, at least in the economic worldAny hint of disproportion can affect Colombia's image.
The trade unions, who were the first to respond to this, highlighted from the aspect that this was necessary “Strengthen institutions as key mechanisms defined by our society to process differences that exist in a democracy and maintain the independence of the branches of public power.”
Not surprising as some experts like former finance minister Juan Carlos Echeverri explained to the portfolio. If people realize that it is real and permanent change The quality of Colombia's companies will have a direct impact on the risk appetite towards the local market, as it is reduced and the world will start charging the country more for debt.
(Also read: Businessmen, entrepreneurs ask for respect for companies after Petro's attack)
“People want to have fewer pesos and more dollars. So, there is pressure on the exchange rate. As interest rates and exchange rates rise, there is less propensity to invest and less consumption for households. There it can trigger a recession and it can shoot the government in the foot. Governing is I don't understand focusing on the possible, not the dream or ideology.said Echeverri.
Meanwhile, for the director of Federarolo, Luis Fernando Mejia, this kind of debate is brewing. creates uncertainty among economic agents, May cause damage to investment.
“According to our latest Financial Opinion Survey, sociopolitical factors are more relevant to investment decisions than monetary policy and fiscal policy. “This is why it is necessary for the different branches of public power to settle their differences by institutional means.” he added.
(See: Kundinamarka court orders appointment of Greg commissioners as property)
President Gustavo Pedro
It should be noted that according to the President, all of these are dependent on the purported implementation of a plan. “Take on the Mafia” Prosecutor's office and because of this he requested the mobilization of all citizens.
However, for Jorge Restrepo, a professor at the University of Javeriana, the key is to make it clear. To date, no corporate dissolution has occurred. And the processes implemented are within the legal framework and mandated by the Constitution.
“Rather than talking about potential institutional disruption, we need to look at the consequences of the prosecution of those responsible for the 2022 presidential and vice presidential campaigns and the fact that this represents a series of far more significant risks. For those people and for the government.Restrepo explained, insisting that controlled companies should be allowed to operate.
(Also Read: Jobs and Confidence, Solutions to Speed ​​Up Budget Processing)
It should be noted that this is not the first time that Pedro has talked about wanting to remove him from the presidency, as he has commented on several occasions in the past month, including in the Office of the Attorney General and the Supreme Court. A court of justice was held at the headquarters of the Colombian Federation of Educational Workers (Fecode) in Bogota weeks ago.
Porbolio spoke to Anif president José Ignacio López, who said that despite what is happening and the political and economic noise, it must be taken into account. The country has a long institutional tradition And the situation of separation is very less.
“Those kinds of events and I think that one of the strengths of Colombia is its organizational structure and many analysts and investors, because they always recognize that type and quality of corporate management. “Now I don't have much to say on this matter.” under control.
(More News: High Debt, Low Collections Create Concerns About 2024 Fiscal Plan)
Problems with the budget confirm the differences
Although the President has warned that the attacks on his government are coming from outside, recent events such as those reported by this media clearly show that the legal issues in the nation's general budget can speak of friendly fire. Or even Jorge Ivan Gonzalez's exit from national planning within his team, after he had warned on several occasions. Contradictions in this documentNotably there is no direct appropriation with $13 billion, which is mandated by national law.
Although within the Casa de Narino, the Ministry of Finance and National Planning; There are already some solutions to this problem, denials given by President Pedro Discriminate the games he wants to keep universal; They continue to leave PGN 2024 open to requests from the judicial branch.
Budget
Regarding the situation of institutional decay, says José Manuel Restrepo, Rector of EIA University. “The economies of the world are simultaneously taking care of their institutions, using that spirit of democracy and institutional respect to advance economic matters, to create greater productivity, and to better express their difference. Actors.”
The former Finance Minister closed by saying that “From this debate we must protect the economy from this unnecessary political conflict, and we must accompany the economy to continue its progress, while at the same time guaranteeing institutional respect for democracy and institutions.”
Daniel Hernandez Naranjo
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