Venezuela tax collection climbs while Colombia's private savings fund fiscal deficit

Venezuela's National Integrated Customs and Tax Administration (Seniat) reported a solid May revenue of 486.163 trillion bolívares, driven by strong performance in income tax, VAT, customs duties and other levies. The agency highlighted the contribution of these funds to public projects in infrastructure, health and education.

In Colombia, an analysis by Bancolombia shows that about half of domestic household savings is now used to finance the government's fiscal gap, limiting private sector investment to roughly 16 % of GDP. The study links the high fiscal deficit to increased public debt issuance, higher bond yields and a shift of private savings toward government securities.