Colombia Declares ‘Economic Emergency’ After Tax Rises Nixed

La Tercera

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The president of Colombia, Gustavo Petro, along with the whole of his ministerial cabinet, signed on Monday Decree 1390, by which he declared the state of economic emergency in the country.The extraordinary measure contemplated in the Constitution enables the executive to issue decrees with force of law to face a crisis that, according to the government itself, can no longer be resolved with the ordinary mechanisms of the state.The decision occu…

El Pais

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The left-wing government comes to a state of emergency for the third time. It points out that the fiscal crisis is so serious that it requires action without going through Congress.

Regeneración

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Congress rejects tax reform. Central Bank raises interest rate on economic growth. Irresponsible political opposition: Petro. Regeneración, December 23, 2025. The […] The entry Petro declares emergency measures for greater revenue collection was first published on RegeneraciónMX.

N Digital

Felix Victorino

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Felix Victorino

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Gustavo Petro's president, along with his entire cabinet, signed on the night of Monday, December 22, Decree 1390, by which the economic emergency in Colombia is declared, a decision that occurs after the collapse of the most recent tax reform in Congress. The declaration will allow the Executive to issue decrees with force of law for a period of 30 days, with the objective of facing the fiscal deficit that the country is going through. Accordin…

cablenoticias.tv

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The Government decreed the “economic emergency” for 30 days after Congress had sunk the tax reform project. The Government decreed the “economic emergency” for 30 days after Congress had sunk on December 9 the tax reform project with which the Executive intended to raise 16,3 billion pesos to complete the national budget of 2026. In Decree 1390 of 2025, the Government of President Gustavo Petro declared “the state of economic emergency throughou…