Acosta: “This is the moment to cut taxes”

Analyst Alberto Acosta Burneo claimed that the current economic situation is complicated, “the recession is already installed in the country, we have two consecutive quarters of contraction, the IMF’s perspective is that the economy contracts at less than 0.6% this year.”

Therefore he said that the public-private partnerships bill is at risk of staying in good intentions, despite the excellent incentive mechanisms, hence the need that a policy of investment incentives is an state thing, that is to be consistent in the public action, since he does not consider as coherent to encourage the public-private partnerships on one hand and insist on more taxes on the other hand, such as inheritance and capital gains.

For the analyst, the underlying problem here is the size of government. “In good times we lost sight of the efficiency of the state, we had a state that increasingly assumed more responsibilities, that grew twice its size, but efficiency was not sought, and today when oil revenues are no longer significant for the state we begin to think about efficiency, that should have been done from the first day and the state should not keep charging citizens with more taxes to sustain this great state, this giant government … “