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The Nexus
POLITICSJul 11 · 06:07 UTCTHE RIO TIMESAndrés Morales

Colombia’s Locked Budget: What the Fiscal Squeeze Means for the July 20 Tax Reform

Colombia's 2026 budget has 93.7% of its funds designated as inflexible, leaving approximately 34.6 trillion pesos (US$10 billion) for discretionary spending. The fiscal constraints are attributed to court and legislative rulings that have eroded fiscal space, complicating efforts for the July 20 tax reform.

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Colombiaplaceoutgoing finance ministryorganization2026 BudgettopicJuly 20 tax reformtopiccourt and legislative rulingstopic
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