Foreign affairs, education and health lead February budget execution

Colombia's Ministry of Finance reported that Foreign Affairs, Education and Health had the highest budget executions at the end of February 2026, at 16%, 14.4% and 13.3% respectively. The overall average across sectors was 10.4%. Science, Technology and Innovation, Sports and Housing lagged with 2.7%, 2.5% and 1%.

Colombia's Ministry of Finance and Public Credit released budget execution data for the 2026 General Nation Budget (PGN) covering the first two months, through the end of February. Foreign Affairs, Education, and Health led with executions of 16%, 14.4%, and 13.3%, exceeding the 10.4% sectoral average. Operating expense execution speed averaged 11.5% across sectors, per official data reported on March 25, 2026. Lowest performers were Science, Technology and Innovation at 2.7%, Sports and Recreation at 2.5%, and Housing at 1%. Debt-free commitments reached $116.5 trillion, up 23.6% from February 2025. Total payments amounted to $45.2 trillion, or 10.1% of the current appropriation, with $21.9 trillion for debt service. The ministry stated: «Most resources executed for debt service correspond to obligations from commitments with Multilateral Organizations, Pension Bonds, TES Class B, and Value Titles». For investment, with $88.4 trillion appropriated, top executions were Information and Communications Technologies (TIC) at 12.3% ($209 billion), Social Inclusion at 12% ($1.29 trillion), and Commerce, Industry and Tourism at 11.6% ($39 billion). The 2025 budget lag totaled $48.9 trillion, of which $19.5 trillion has been mobilized (39.8%). Transfers, allocated $269 trillion (75.1% of total operating budget), saw $31.5 trillion committed (11.7%), prioritizing pensions, health services, and territorial education investment. Leaders included financial surplus transfers to the nation (61.8%, $1.6 trillion), teachers' social benefits (18.3%, $867 billion), and health insurance (16.5%, $7.7 trillion).

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Colombian Finance Minister presenting 2026 economic projections including dollar rate at $3,801 and Brent oil at $59.2, amid charts and a skeptical press audience.
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Colombian government projects dollar at $3,801 and brent at us$59.2 for 2026

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The Ministry of Finance published the Financial Plan for 2026, projecting 2.6% GDP growth and 5.8% inflation. The document estimates an average dollar rate of $3,801 and Brent barrel at US$59.2, though analysts warn of calculation errors and lack of concrete measures for fiscal cuts. The publication was delayed by more than a month compared to previous years.

The Ministry of Finance reported that Education, Health, and Science, Technology and Innovation sectors closed 2025 with the highest budget execution rates, reaching 97.3%, 96.1%, and 95.4% respectively. In contrast, Presidency, Transport, and Agriculture had the lowest, at 40.9%, 43.5%, and 59.5%. The overall average without debt was 86.5%.

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The Ministry of Finance reported that at the end of January 2026, the sectors of Foreign Affairs, Environment, and Education recorded the highest budget executions in the National General Budget. These reached 10.5%, 8.6%, and 6% respectively, above the overall average of 3.9%. Total payments amounted to 17.1 trillion pesos, with 8.2 trillion allocated to debt service.

Colombia's Finance Minister Germán Ávila defended the Economic and Social Emergency, stating that without it the state couldn't meet fundamental obligations. He assured that the measures won't affect the family basket or vulnerable sectors. Funds will go toward health, security, and key subsidies.

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Colombia ended 2025 with a current account deficit of 2.4% of GDP, according to Credicorp Capital's analysis of Banco de la República data. This rise from 1.7% in 2024 stems mainly from a wider trade imbalance. While foreign direct investment covered the deficit, forecasts for 2026 point to increased vulnerability.

Colombia's National Health Superintendency has reported an approximate $2.6 billion impact on the General Social Security Health System from 291 precautionary embargo measures. This situation threatens the financial sustainability and the right to health for Colombians. The most affected regions include Bogotá, Antioquia, Bolívar, and Caquetá.

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The Colombian Pension Administrator, Colpensiones, ended 2025 with total incomes of 2.25 trillion pesos, 21% more than in 2024. The net result was a profit of 722.904 million pesos, 24% higher than the previous year. These figures reflect strong financial performance driven by commissions and operations.

 

 

 

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