economy
Not even four months into 2026, tax revenue already shows shortfalls against the government's target
President Petro's government has not managed to recover its tax revenue. Photo: AI-generated image.
TL;DR
- Colombia's tax revenue in April reached $24.6 trillion, a 10.2% annual increase, but insufficient to meet government fiscal goals.
- Accumulated tax revenue from January to April reached $102.2 trillion, an 8.2% increase compared to 2025, but is $1.7 trillion below the target.
- The government has only met 32.2% of the projected $317.5 trillion tax revenue target for 2026 by April.
- Lower performance in tariffs (down 9.1%) and external VAT (up 2.7%) are attributed to reduced foreign trade and imports.
- Taxes like the financial transaction tax (up 14.5%), consumption tax (up 17.1%), and stamp duty (up 222.9%) show positive performance.
- Public spending commitments in April increased by 4.9% annually, reaching $35 trillion.
- By April, commitments totaled $222.4 trillion, representing 40.7% of the 2026 General Budget, which is $27.6 trillion over the programmed amount.
- The gap between spending acceleration and revenue collection raises concerns about the fiscal deficit and public finance sustainability.