Villar warns a 9.4% of GDP fiscal deficit in 2027 would be "unimaginable" for Colombia

FinanceColombiaEl ColombianoOct 22, 2026, 6:50 PM35 s readAI summary

Banco de la República governor Leonardo Villar warned that if the government's announced adjustments are not applied, the fiscal deficit would reach 9.4% of GDP in 2027, a figure he called "totally unimaginable" for Colombia since the War of the Thousand Days. With the corrections, the deficit could stand at 7.2% of GDP, a level similar to 2021. Villar explained that the inflow of resources to finance the 2027 budget contributes to the appreciation of the peso.

In 35 seconds

Without the executive's adjustments, the fiscal deficit would reach 9.4% of GDP in 2027, according to Villar
With the announced measures, the deficit could stand at 7.2% of GDP, similar to 2021
Villar described the approved budget as "very high in itself"

Read the full story at El Colombiano

IASummary generated by artificial intelligence from a story by El Colombiano. It may contain errors: the original source prevails.

déficit fiscal
Banco de la República
Presupuesto 2027
peso colombiano
PIB

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Villar warns a 9.4% of GDP fiscal deficit in 2027 would be "unimaginable" for Colombia

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day