Getting your Trinity Audio player ready...Petro presented Colombia’s 2027 budget, which will be managed by Abelardo de la Espriella’s incoming administration. The government of President Gustavo Petro has submitted Colombia’s 2027 General Budget to Congress, totaling 575.6 trillion pesos (approximately US$180 billion), the largest budget in the country’s history. Colombia’s Petro submits 2027 budget for De la Espriella to implementThe Finance Ministry structured the proposal under the guidelines of the Medium-Term Fiscal Framework, the government’s official financial planning tool that projects Colombia’s revenue, expenditures, public debt, and economic risks over a 10-year period. The administration presented the budget as a plan designed to keep the government operating, fulfill social commitments, and ensure public investment throughout 2027. That gap will have to be covered through tax reform or other fiscal measures capable of restoring balance to the country’s public finances.