Colombia’s Congress Sends Petro’s 2027 Budget Back to the Drawing Board

Colombia · Economy Key Facts Budget returned Colombia’s Congress sent the proposed 2027 budget back to the Finance Ministry over a COP 30.2 trillion (about US$7.5 billion) financing gap. Initial amount The original proposal was worth about COP 575.6 trillion (approximately US$144 billion). Tax reform The government wanted to cover the shortfall with a new…