Mines and Energy and Congress lead budget execution through May

The Ministry of Finance released 2026 national budget execution data through May. Mines and Energy, Congress and Education posted the highest rates.

Through May, Mines and Energy reached 43.4% execution, followed by Congress at 43.2% and Education at 39.6%. The overall average across all sectors stood at 31.3%. The lowest performers were Planning at 20.1%, Transport at 13.2% and the Presidency at 3.5%.

Obligations excluding debt service totaled 142.7 trillion pesos, equal to 31.3% of the budget. In May, 7.6 trillion pesos were added due to the economic emergency from flooding in eight departments.

Debt service paid in May reached 44.5 trillion pesos. The Ministry of Finance noted that this amount confirms compliance with the financial commitments scheduled for the start of the year.

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Finance Minister Jorge Quiroz accusing inconsistency in public debt projections during a press conference.
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Quiroz accuses us$10 billion inconsistency in public debt projection

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Finance Minister Jorge Quiroz presented the first-quarter 2026 Public Finance Report and accused errors in the previous government's debt projections.

Colombia's Ministry of Finance reported 20% execution of the General National Budget by the end of the first quarter of 2026. The ministries of Energy and Mines, Education, and Health showed the highest progress after debt service. Obligations reached $109.5 trillion and commitments $187.3 trillion.

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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%.

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Finance Minister Ahmed Shide reported to parliament that the 1.93 trillion birr federal budget is under pressure from delayed external aid. He addressed lawmakers on May 4, 2026, noting that domestic borrowing has risen faster than planned. The session took place without private media present.

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