Gustavo Petro Declares Economic, Social Emergency in Colombia

teleSUR

Far Left

Factuality

Ownership

The president of Colombia declared a state of economic emergency for 30 days, after Congress sank the tax reform that sought to raise more than 16 billion pesos for the budget of 2026.

El Financiero

Lean Right

Factuality

Ownership

The president of Colombia, Gustavo Petro, declared “a state of economic and social emergency” after Congress blocked his attempt to increase taxes. Petro defended before the decree was published the declaration of the economic emergency and argued that Colombia has “a primary deficit in public finances” since the government of President Juan Manuel Santos (2010-2018). “The conditions of the emergency for this fact are evident, and if the Constit…

La Nación

Factuality

Ownership

The president of Colombia, Gustavo Petro, announced a “vital” minimum wage for 2026, assuring that he will allow workers “to recover purchasing power”, a day after decreed the economic emergency due to Congress’s refusal to the Financing Law. The president advanced this initiative during a speech to the nation retransmitted on the occasion of the Christmas holiday, in which he stressed that the Latin American country will count “for the first ti…

Bloomberg Linea

Factuality

Ownership

Under the argument of a “serious and imminent fiscal situation,” President Gustavo Petro decreed an economic emergency in Colombia. What has generated a wave of rejection in the private sector and a request for review to the Constitutional Court. “The government makes an economic emergency and then decrees it. It does not respond to any unpredictable or exceptional fact, nor is it a serious disturbance. Much of the argument responds to facts tha…