Colombia’s Comptroller Flags Fiscal Risk After Petro-Era Contract Surge

Fiscal Oversight Key Facts —The warning. Colombia’s Comptroller General issued a formal fiscal risk warning after a sharp rise in public-sector contracts. —The numbers. 14,414 contracts worth approximately COP 4.55 trillion (USD 1.1 billion) were signed in a post-election-law surge. —Direct contracting. The Comptroller flagged a notable increase in direct contracting, bypassing competitive bidding processes.…