Colombia · Economy
Key Facts
—The handover. Germán Ávila Plazas leaves the Finance Ministry on 7 August 2026, the day Abelardo de la Espriella is sworn in.
—The cut. Incoming Colombia finance minister Miguel Gómez Martínez says spending must fall by at least 1% of GDP, or COP$20 trillion (about US$6.2 billion).
—The deficit. Gómez puts the real fiscal deficit at 7.8% of GDP. The outgoing government estimates 5.5%.









