2027 Budget Nears $600 Trillion: 9 out of 10 Pesos for Debt and Operations
The preliminary draft of the General National Budget was submitted. Photo: iStock
TL;DR
- The preliminary draft of Colombia's 2027 General National Budget (PGN) suggests a total of $601 trillion.
- Debt servicing accounts for $124.5 trillion, a significant increase from $100.4 trillion in 2026.
- The budget prioritizes the current National Development Plan's objectives.
- Experts express concern that the proposed budget is still constrained by fiscal limitations and could be underfunded.
- Education is set to receive the largest allocation with $91.5 trillion, followed by health ($81.2 trillion) and defense ($70 trillion).
- Science, technology, innovation, and sports are allocated the smallest amounts.
- The final budget document will be submitted on July 29, 2026, and the new Congress and President will be responsible for its approval.
- There is potential for amendments to the budget during the legislative process, but significant changes are unlikely to a completely new proposal.