Candidate Gustavo Petro confirmed on Sunday the favoritism that the polls had been marking for several weeks.

(Positions in the Historic Pact for Pensions & Inflation)

The victory was won by Bogota's former mayor and senator from the Republic. https://www.larepublica.co/gustavo-petro makes him a candidate in the Presidency Of the Republic which that he hopes to win for the third time.

The overwhelming majority in the polls makes him to be the most representative of the figures of the Colombian left and a firm candidate to be president despite his controversial plans and opinions on various fronts, including the one on economics.

Petro declared his intention to overhaul the pension system by the establishment of a public manager of the pension funds. The system is expected to be "mixed" and complement the private fund.

According to the candidate, according to the candidate, in Colombia there is no pension system. Instead, the system is based on the bank's profits. Many believe Petro will eliminate the possibility of him assuming the President. Petro recently stated however that he wouldn't abolish the system, but would instead seek to overhaul the system of pensions in Colombia in order achieve an adequate level of pension for Colombians. petro gustavo said "no is the need" for an increase in the pension age.

(Who make up https://www.asuntoslegales.com.co/gustavo-petro of Historic Pact's possible candidates).

Another issue that has been a source of controversy is the fact that he's repeatedly said that he would cease extraction of oil as soon as his appointment. This has led to confusion among investors and also the market in general.

Experts estimate that Petro's proposal to stop oil exploration could cost Colombia around $4.3 billion.

In addition, this proposal will create an antioil front across the globe and across the region which shifts the economy away from fossil fuels. To accomplish this, I would invite Gabriel Boric the Chilean president and LuizInacio Lula Silva, the Brazilian president.

https://caracol.com.co/tag/gustavo_francisco_petro_urrego/a/ said he had spoken with Pedro Sanchez, the Prime Minister of Spain about his proposal.

His views on health have been controversial, as he insists on ending EPS and replacing it with a preventive health model that "guarantees individuals' rights, not bankers' profits".


He also has questioned the independence of the Banco de la Republica and declared that he will propose a reform when he becomes the President.

https://www.elheraldo.co/gustavo-petro claimed that the Bank Board of Directors belonged to the Democratic Center and "What we would like is an independent Bank of the Republic (...) it's important that the Board of Directors has the presence of the society," the candidate stated during an argument.

( https://www.camara.gov.co/gustavo-petro-urrego leads voting intention in the presidential election (according to Invamer).

It was controversial that he had proposed to issue cash to fund government spending.

Petro's plans include an entirely new economic system which isn't dependent upon fossil fuels. It also suggests hydrocarbon extraction. But, Petro places more emphasis on agriculture.

It is also stated that he is planning to implement an amendment to the tax code that removes exemptions and the transformation of the idea of minimum wage by a real wage based on income and capital.