Venezuela and Colombia face calls for administrative and state reforms

In Venezuela, experts suggest that the administrative simplification implemented by Seniat could stimulate business creation. Economist Aaron Olmos notes that streamlining processes for company registration, involving entities like Saren and the tax authority, could reduce the time and costs currently associated with formalizing businesses. The move toward technological integration and database cross-referencing between various superintendencies aims to accelerate administrative procedures.

In Colombia, the Instituto de Ciencia Política (ICP) has called for a profound reform of the State to address economic challenges. The ICP highlights that the cost of formalization contributes to informality and argues that the current budget relies heavily on capital resources rather than tax revenue. The institute advocates for a modern, limited State focused on sovereign functions like justice and security, while relying on the private sector for service execution and provision.