US EditionColombian Court Overturns Economic Emergency Decreed by Petro to Alleviate Fiscal Situation
6 Articles
6 Articles
BOGOTA (AP) — Colombia's Constitutional Court on Thursday struck down the economic emergency decree declared in December by President Gustavo Petro that allowed him to establish temporary taxes to cover state financing expenses.
The economic emergency decreed at the end of last December by President Gustavo Petro, after the legislature sank a tax reform promoted by the president, has lost its last battle on Thursday. The Constitutional Court has decided, with a vote of six votes against two – and with the impediment of the former president of the Court, Jorge Enrique Ibáñez – to definitively bury the government's attempt to raise the 16.3 billion pesos (about 4.5 billio…
The High Court dismissed the measure adopted in December 2025 and determined that other related decrees would remain suspended while considering their constitutionality.
Bogotá. The president of Colombia, Gustavo Petro, announced that his government will present to Congress a draft economic emergency law and a new tax reform to balance the spending budget of 2026. The president warned that if the legislature does not approve his economic reform initiative, he will decree it. “And if necessary, we decree a new economic emergency in Colombia because what needs to be saved is the standard of living that today is mu…
The Court found that the decree violated democratic principles and the separation of powers and assumed functions that do not correspond to it.
The Constitutional Court definitively suspended the economic emergency decree that had been issued by the Government of President Gustavo Petro last December. The decision was adopted by the Plena Chamber with a vote of 6-2, concluding that the exceptional conditions required by the Constitution to declare this type of state of emergency did not exist. According to the High Court, the arguments put forward by the Government, including the collap…
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