Colombia's Finance Ministry reported that national government gross debt reached 65.1% of GDP in the first quarter of 2026, the highest level for that period since 1999. Net debt rose to 59% of GDP.
According to the Finance Ministry, total gross debt reached 1,223 trillion pesos in March, up from 1,194 trillion pesos at the end of 2025. Of this amount, internal debt totaled 873.8 trillion pesos and external debt 349.6 trillion pesos.
Net debt stood at 59% of GDP, an increase from 58.5% recorded the previous year and 57.7% at the end of 2025. The gross debt indicator rose from 64.5% of GDP in December to 65.1% in March.
José Ignacio López, president of Anif, noted that the government's internal debt exceeds by 125 trillion pesos the amount all Colombians owe the financial system. Over the past four years, internal debt grew by 386 trillion pesos while the credit portfolio rose by 142 trillion pesos.
