Colombian Congress to Review $142 Billion Budget Proposal

The Colombian congressional committees have endorsed the government's 2026 budget proposal totaling 547 trillion pesos ($142 billion). This follows the finance ministry's decision to reduce their original budget request from 557 trillion pesos by 10 trillion pesos in response to congressional resistance.

Colombian congressional committees have given the green light to the government's proposed budget for 2026, which amounts to 547 trillion pesos or $142 billion. This proposal now moves to the full Congress for final approval.

The development comes after the finance ministry had to revise their budget request downward by 10 trillion pesos. This move was in response to the initial reluctance from congressional members to endorse the original sum of 557 trillion pesos.

This adjustment reflects ongoing discussions and negotiations within the country's legislative body, as they work towards finalizing a budget that aligns with both governmental priorities and legislative approval.

(With inputs from agencies.)