The alerts that the Government’s proposal for forced investments has raised

As part of the Government’s plan to reactivate the economy, the presentation of a forced investment bill for the housing, industry and tourism sectors. An initiative that seeks to link banking entities.

(Read more: Forced investments: reasons why the Government’s proposal would be ‘dangerous’)

In this context, President Gustavo invited the banks to join this initiative, which aims expand credit inclusion in the country.

Furthermore, as he explained, the idea is that part of the investment capital is directed “towards the popular world, to work on the transformation of things, industry, in the furrow, agriculture and tourism” and insisted that strengthening the country’s economy will help producers and workers open industry, agriculture and tourism.

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After the proposal was announced, several voices from the economic world spoke out on the issue. Among them the former Minister of Finance, José Manuel Restrepo Abondano.

Through his X account, the former minister pointed out that promoting forced investment would be a bad idea, considering that would generate the opposite effect.

“Returning to this idea of ​​“forced investments” that the country developed strongly in the 60s, is a way of imposing new taxes on the productive and financial sector and thereby hindering or limiting access to credit for the micro, small, medium and large. businessman. It achieves exactly the opposite result than expected and it is also demonstrated in our economic history.”he mentioned.

Restrepo Abondano also highlighted that proposing that the money collected from clients by the bank leaves the bank so that the Government acts as a banker, would make this figure work similarly to a new tax.

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(See: ‘The collection goal will not be met and that is why we adjust spending’: Minhacienda)

For his part, former minister Juan Camilo Restrepo highlighted that this mechanism is an idea that is no longer valid at this time. ““It is an old-fashioned relic of the most primitive statism.”rescued.

In the same way, he explained that if forced investments become widespread, the Government would end up managing and distributing all national savings. “It would be a much more dangerous nationalization even than that of health,” Indian.

(See: Would a tax be considered to mitigate the cash crisis the country is going through?)

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