US EditionDebt Outpaces Growth in Colombia’s Expanding 2026 Budget
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4 Articles
Debt Outpaces Growth in Colombia’s Expanding 2026 Budget
Colombia’s government plans to spend a record 534.7 trillion pesos ($132.7 billion) in 2026. That is 11 trillion pesos ($2.73 billion) more than this year, according to official Ministry of Finance figures. The government will bypass the fiscal rule—a law meant to limit overspending—and borrow more than ever before. This shift reflects a growing focus […]
The Minister of Economy and Finance, Raúl Pérez Reyes, ruled out a change in the fiscal rule, because the country's tax revenues would allow it to meet the target of 2.2%.
The amount is $11 billion above what was requested for this year and stands out a $31.6 billion upturn in operating expenses
The prospect of Colombia achieving credible fiscal consolidation in the short term is, for Deutsche Bank, increasingly remote. Francisco Campos, chief economist of the German bank for Latin America, said that, while markets have already incorporated the deterioration of public accounts, the fiscal rule lacks credibility.See more: Deutsche Bank sees more risks for Latin America and says the weak dollar will not leave soonIn an interview with Bloo…
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