Colombia projects to reduce its fiscal deficit to 5.1% of GDP in 2026, according to updated Financial Plan
The update to the Financial Plan for 2026 foresees an improvement in fiscal balance indicators compared to the results observed in 2025.
TL;DR
- The 2026 Financial Plan forecasts a decrease in the central government's deficit to 5.1% of GDP, down from 2025.
- The primary deficit is projected to improve to 2.1% of GDP.
- Overall government and non-financial public sector deficits are also expected to decrease.
- Lower tax revenues due to factors like the non-approval of a financing law and reduced collection from 2025 are anticipated.
- Measures to control public spending, including efficient cash management and potential spending deferrals, are planned.
- The total financing for the central government's projected deficit is estimated at over $128 billion, sourced from internal and external funding.