Colombia government contracts $16T debt, proposes 4.73% GDP spending cut
Published 1 d ago1 sourceEvidence: Reported
Colombian Vice President José Manuel Restrepo defended the government's fiscal adjustment, noting that one in three pesos of revenue now goes to debt interest payments, a share expected to rise. This signals fiscal strain and potential pressure on sovereign creditworthiness, though the statement is a defense of policy rather than a new development.
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