Colombia Approves 2027 Budget

Colombian lawmakers have approved a 201 billion dollar budget for 2027. The spending plan aims to address public debt while projecting a fiscal deficit.

Colombia's Finance Minister Miguel Gomez attends a press conference in Bogota, Colombia, September 30, 2026. REUTERS/Luisa Gonzalez

Colombia approved a 634.9 trillion peso ($201.14B) budget for 2027, trimming peace accord spending and boosting defense allocations. The package represents an increase from this year's 555.8 trillion peso spending plan. The expansion arrives as the economy battles mounting fiscal deficits and climbing public debt levels.

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