Emergencia económica 'coloca al 50% de toda la actividad económica del país en manos del Gobierno': Asobancaria

diciembre 24, 2025

TL;DR

Government declared a state of economic emergency on Monday, December 23rd.
This measure could allow the government to use more bank resources to increase revenue.
Jonathan Malagón, president of Asobancaria, claims the declaration lacks technical and legal arguments.
Malagón states the measure revives a previously defeated tax reform.
The income tax for banks could increase to 50%, impacting the financial sector's competitiveness.
This could lead to discouragement and restrictions for credit access for housing, businesses, and students.
The measure is seen as inconvenient given low investment and moderate economic growth.
Such measures could displace the private sector in favor of the public sector, compromising long-term economic growth.

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