Colombia’s Risky Plan for Decentralization
A reform proposal has reopened a critical issue for the country, but Congress should be cautious not to derail the nation’s delicate fiscal balance.
BOGOTÁ— Colombia’s Congress is discussing a sweeping constitutional reform that would increase revenue transfers to municipalities and departments, fulfilling a long-sought aspiration by mayors and governors for further autonomy and decentralization in the country. Most lawmakers and local authorities support the proposal, but despite the enthusiasm, the reform risks placing the nation’s fiscal accounts on an unsustainable path. The bill, proposed by a coalition of senators earlier this year, has already passed seven of the eight debates required under Colombia’s constitution....
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