• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
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38.5% minimum wage hike for 2027 would widen fiscal deficit by COP 11 trillion, according to academic estimate

FinanceColombiaPortafolio15 s readAI summary
Image: Portafolio

An academic estimate calculates that a 38.5% increase in the 2027 minimum wage would widen the fiscal deficit by COP 11 trillion, equivalent to an additional 0.55 percentage points of GDP, compared with the 9.4% projection for that year, according to Portafolio.

Read the full story at Portafolio

IASummary generated by artificial intelligence from a story by Portafolio. It may contain errors: the original source prevails.

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