In 2022, poverty was 36.6% of the population, compared to 39.7% in 2021. With this, 1.3 million people were lifted out of poverty in Colombia between 2021 and 2022. Economic growth was the main factor that reduced poverty, an effect that was partly moderated by inflation.
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We have recently learned of a couple of new developments about the Spanish public pension system. The first is the revaluation of pensions for 2024, which will be close to 4%. The second is the long-term projections of public pension expenditure.
The Mexican economy has shown better performance than expected, partly explained by the labor market's strength. According to the National Survey of Household Income and Expenditure (ENIGH), job creation and wage improvements have been more rel…
The main developments this year are the 8.5% revaluation of pensions in accordance with average monthly inflation from November 2021 to 2022 and the 15% increase in non-contributory pensions.
Over the last few months, an attempt has been made to build a simple but straightforward narrative, according to which the banking sector must make an additional fiscal effort due to the increase in its hypothetical extraordinary profits, with …
In 2022, the support measures put in place by the government in a bid to combat rising energy prices are expected to reach 16 billion euros, or around 1.3% of GDP. Despite this, the imbalance in the public accounts is following a similar path to its trend in 2019, when it ended the year at 3% of GDP.
This Working Paper analyzes the settlement of the financing system of the autonomous communities under the common regime for 2020, which has recently been made public by the Ministry of Finance.
In the first half, remittances to Chiapas grew more than 70% and surpasses Puebla and Veracruz. In Michoacán, remittances (4,056 million dollars) represented 105.4% of the total amount of state income (3,849 million dollars) in 2020.
Unlike the 2011 and 2013 reforms, the 2021 measures increase the projected deficit of the pension system and pass it on to the State, increase contributions, making job creation more expensive, and reduce intergenerational equity, in exchange f…
This Working Paper analyzes the settlement payment for 2019 under the common system of autonomous communities financing, recently published by the Ministry of Finance.
On July 30, the European Banking Authority (EBA) published the results of the stress tests it regularly carries out on the major European Union banks. The top 50 banks (covering 70% of total EU banking assets) were analyzed for a baseline and an adverse scenario over a three-year horizon.
Boosting tax revenue with VAT requires the elimination of the zero-rate for many products with the exception of some food items and would be justified by tax regressivity