On 20 October 2026, the Congress of the Republic approved the General Budget of the Nation (PGN) for fiscal year 2027, totaling COP 634.9 trillion. The budget was passed after the House of Representatives plenary endorsed the bill previously approved by the Senate. According to the Ministry of Finance, the budget prioritizes social investment, infrastructure, and debt servicing while maintaining fiscal discipline under the fiscal rule. The approval sets the spending ceiling for the central government and establishes revenue projections, including tax collections and oil royalties.
Key Takeaways
- Revenue Projections: The budget assumes robust tax revenue growth driven by recent tax reforms and improved compliance, with DIAN targeting higher collection efficiency.
- Spending Priorities: Significant allocations go to health, education, and peace implementation, with capital expenditure focused on transport and energy infrastructure.
- Fiscal Rule Compliance: The budget adheres to the structural deficit ceiling, reinforcing market confidence and credit rating stability.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement