Financial Plan 2026: Fiscal Emergency
Portafolio Journalist 02/12/2026 00:21 Updated: 02/12/2026 00:21
TL;DR
- The Colombian government has announced a fourth economic emergency declaration, alongside activating the fiscal rule's escape clause.
- Public finances reveal significant deterioration, with the primary deficit projected at 3.7% of GDP in 2025 and the total deficit at 6.5%.
- Public spending has grown five times faster than revenue since 2019.
- The fiscal deficit is expected to worsen in 2026, with the total deficit potentially reaching 7.6% of GDP and the primary deficit at 4.0%.
- These emergency measures are criticized for deepening the problem instead of correcting underlying fiscal imbalances.