Gustavo Petro’s administration is set to present a bold budget proposal of COP523 trillion ($128 billion) for 2025 to Congress, aiming to revamp Colombia’s economic landscape. The Ministry of Finance plans to allocate COP511 trillion ($125 billion) from revenues, with an additional COP12 trillion ($3 billion) expected from new tax reforms to ensure fiscal health.
The budget prioritizes key investments in operational expenses, infrastructure, and human capital development, totaling COP410.4 trillion ($100.9 billion). It also emphasizes addressing poverty, inequality, and essential social programs, demonstrating a commitment to improving citizen welfare.
This comprehensive plan not only aligns with fiscal rules and constitutional mandates but also forecasts a significant drop in inflation by 2025. With a focus on sustainable development and economic growth, the 2025 budget signals a transformative journey for Colombia’s future prosperity under Petro’s leadership.