Colombia fiscal deficit projected at 9.5% of GDP by 2027, highest on record

Colombia's fiscal deficit is projected to reach 9.5% of GDP by 2027 without adjustment, the highest in the country's history, according to the Carf (Comité Autónomo de la Regla Fiscal). The issue is largely absent from public debate, as reflected in Invamer polls, suggesting limited political pressure for fiscal consolidation. This raises concerns about sovereign creditworthiness and could pressure Colombian assets.

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