Colombia's 2027 Budget Is Short COP 30 Trillion, and the Money Depends on a Tax Reform

Rio Times · Colombia

Key Facts

—The gap Colombia’s draft 2027 budget totals about COP 575.6 trillion (US$182.7 billion). Of that, COP 30.2 trillion (US$9.6 billion) – 1.4% of GDP – is booked as “contingent income”: money that only exists if Congress passes a tax reform.

—Not the same hole This is separate from the 2026 budget, where the Comptroller General found COP 303 trillion – 54.5% of the total – unfunded.

—The watchdog is gloomier CARF, the independent fiscal-rule committee, projects 2027 spending COP 46 trillion (US$14.6 billion) above what the Finance Ministry assumes.