Petro Government's 2025 Budget Execution Below 88% and Historical Average
The execution of the General National Budget (PGN) in 2025 reached 87.9%, measured as obligations over appropriations, a level 2... below the average recorded between 2000 and 2024.
TL;DR
- The 2025 General National Budget execution was 87.9%, below the 2000-2024 average.
- Investment execution was 66%, 9.8 percentage points below the historical average.
- Education, Health, and Defense saw the highest execution; Presidency, Sports, and Planning had the lowest.
- Tax revenue grew 9.7% in 2025 but missed the fiscal target by $10 billion.
- The total government deficit reached 6.0% of GDP, the highest in recent history outside the pandemic.
- National Treasury liquidity is at a five-year low for this period.