Once again

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Once again

TL;DR

  • Colombia's economic model, focused on public spending, is deemed unsustainable.
  • Economic growth under the Petro government averaged 1.6% annually, below previous administrations.
  • Unemployment reduction is linked to temporary and precarious public sector jobs.
  • The government's spending has led to a historic trade deficit exceeding $16 billion.
  • Foreign direct investment has fallen by 30%, and capital formation is at 17% of GDP.
  • Public debt has increased by 68%, with interest costs up by 98%.
  • The treasury is in a precarious state, relying on short-term debt issuance.
  • The General Comptroller issued a severe warning regarding public debt evolution.