Colombia · Money Key Facts The picture. The outgoing finance ministry says 93.7% of the 2026 budget is inflexible. The room. That leaves only about 34.6 trillion pesos, roughly US$10 billion, of discretionary spending. The cause. It blames court and legislative rulings for tens of trillions of pesos in lost fiscal space. The reform. The […] The post Colombia’s Locked Budget: What the Fiscal Squeeze Means for the July 20 Tax Reform appeared first on The Rio Times.