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19 May 2022
Gustavo Petro, Candidate for the presidency, confirmed on Sunday the advantages that have been evident in the polls over the last few weeks.
( gustavo petro within the Historic Pact for Pensions & Inflation)
The victory in the Historic Pact coalition was won by the ex-mayor of Bogota and also the former senator of Republic. https://www.portafolio.co/elecciones-2022/gustavo-petro-ganador-del-pacto-historico-562857 became an official candidate for the presidency of the Republic in the position he has always wanted to achieve for the third time in a row.
The high vote in the consultation leads him to be the most representative of the figures of the Colombian left and a solid candidate for president despite his controversial ideas and opinions on various areas, including the one on economics.
petro gustavo has said that he intends to adjust the pension system by establishing the public manager of pension funds. This will allow for a "mixed system" of public and private funds.
https://www.grupoenergiadebogota.com/content/download/5967/88919/file/GUSTAVO FRANCISCO PETRO URREGO.pdf stated that Colombia has no pension system but instead a system that is based on bank profit. This is the reason that people believe makes Petro the most likely choice to become the President. Petro recently stated, however, that he will not eliminate the system, but would instead seek to reform the pension system in Colombia, in order to achieve a minimum level of pensions for Colombians. Petro also said that there's no reason to increase the retirement age.
(Who are on the list of Historic Pact's possible candidates).
Another controversy about him is that he repeatedly promises that he will cease oil extraction when he assumes the helm. This has led to anxiety among investors as well and the market.
Experts predict that Petro's proposal stopping exploration of oil could cost Colombia an estimated $4.3 billion in loss.
Added to this proposal is the idea of establishing an anti-oil front in the region and across the globe to move away from fossil fuels to which I would like to invite the president-elect of Chile, Gabriel Boric, as well as the Brazilian Luiz Inacio Lula da Silva, as well as others.
gustavo petro said he had spoken with Pedro Sanchez, the Prime Minister of Spain regarding his idea.
His position on health concerns has also been controversial. He is insistent on the end of EPS in order to replace it with a preventive system that "guarantees both the rights of the people and the profit of banksters".
He also raised doubts about the independence the Banco de la Republica. He announced that he would implement reforms when he becomes President.
Petro asserts that the Bank's Board of Directors is part of a political group known as the Democratic Center. Therefore, Petro says, "What we want" is an independent Bank of the Republic (...). The candidate made that in the middle of an debate.
(Petro is the leader in voting intentions for the presidential election According to Invamer).
The idea that he proposed was also controversial. of releasing money to fund government expenditures.
Petro's proposal includes an entirely new economic system that doesn't rely on fossil fuels. The proposal also includes hydrocarbon extraction. However, petro gustavo places more emphasis on agriculture.
He also said that he will implement an overhaul of the tax system to remove exemptions, and to transform the concept of minimum wage into a real-world wage built on capital and income.