Colombia Passes 2027 Budget
Colombia has approved a 634.9 trillion peso budget for 2027 amid mounting fiscal pressures. The spending plan projects a record deficit as public debt increases.
Colombia Congress approved a 634.9 trillion peso ($206.6 billion) budget for 2027 on Monday evening, as deteriorating public finances push the fiscal deficit toward record highs. The spending plan follows revisions to an initial proposal to absorb mounting funding needs after an August earthquake.
