Education, health and sciences lead 2025 budget execution

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%.

The Colombian government closed the execution of the General National Budget for 2025 with an average of 86.5% without including debt, according to Ministry of Finance data. The sectors of Education, Health, and Science, Technology and Innovation stood out with executions of 97.3%, 96.1%, and 95.4% respectively, reflecting strong commitment in social and scientific areas.

In contrast, Presidency executed only 40.9%, Transport 43.5%, and Agriculture and Sustainable Development 59.5%. In terms of commitments without debt, obligations were acquired for $391.5 trillion, a 7.01% increase from December 2024. Total payments reached $343.1 trillion, equivalent to 86.2% of the appropriation, of which $104.5 trillion corresponded to debt service (92.8%).

Investment showed a commitment of $76.1 trillion, $11.4 trillion less than in 2024. The leaders in investment obligations were Science, Technology and Innovation with 96% ($244 billion), Equality and Equity with 94.1% ($9.39 trillion), and Education with 90.3% ($6.12 trillion). Regarding the 2024 budget backlog of $62.5 trillion, $54.7 trillion were obligated by October (87.5%), with $35.8 trillion for investment, $18.3 trillion for operations, and $7.47 trillion for debt.

For operating expenses, out of $319.8 trillion, 74.3% were national transfers. Of $237.7 trillion appropriated, $218.9 trillion were obligated, highlighting the General Participation System ($81.9 trillion), pensions ($75.3 trillion), and health insurance ($39.7 trillion).

The Ministry of Finance explained: "The lower investment execution in terms of obligations reflects the government's effort to ensure resource transfers align with the effective delivery of goods and services to citizens (...). 62.9% of obligations for public goods and services acquisition came from defense, judicial branch, prosecutor's office, and autonomous entities sectors".

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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.

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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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.

After the Constitutional Court struck down the December 2025 emergency economic decree, the Colombian government will present a tax reform to raise $16 trillion. Finance Minister Germán Ávila and President Gustavo Petro confirmed the plan in response to the fiscal imbalance. The measure aims to avoid cuts to social spending and address inherited deficits.

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The National Administrative Department of Statistics (Dane) reported that Colombia's economy grew 2.6% in 2025, below expectations of 2.8%. In the fourth quarter, GDP expanded 2.3%, driven by household consumption, the public sector, and cultural activities like concerts. Investment fell 2.9%, the lowest level in two decades.

Mexico's tax collection reached 1.0218 trillion pesos in the first two months of 2026, up 2.6% in real terms from 2025 and above target. However, physical investment plunged 44.9%, the largest drop in 36 years. The Secretariat of Finance reported these figures in its recent update.

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The Banco de la República reported that Colombia's external debt rose to US$253.168 million in January 2026, equivalent to 55.2% of GDP. This marks an increase from December 2025 and January last year. Public sector debt stood at US$157.833 million, while private sector debt was US$95.336 million.

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