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Reuters
Reuters
Business
Julia Symmes Cobb and Luis Jaime Acosta

Colombia presidential hopeful Fajardo proposes tax reform to fund more social spending

Colombian presidential pre candidate Sergio Fajardo, speaks during a Reuters interview in Bogota, Colombia March 8, 2022. REUTERS/Luisa Gonzalez

Colombian presidential hopeful Sergio Fajardo told Reuters on Tuesday that if elected his government would seek to raise income taxes on the country's highest earners to expand social spending.

Fajardo, a mathematics professor who narrowly missed making the runoff in Colombia's 2018 presidential election, looks set to win his coalition's primary in a Sunday vote, setting him up to represent the grouping of centrist and center-left parties in May elections.

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