outgoing finance ministry

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.

Colombia's outgoing government has a budget locked at 93.7%, leaving its successor with approximately 35 trillion pesos for adjustments. The situation highlights the urgency of a July 20 tax reform. Argentina's World Cup quarter-final is also noted as a concurrent event.