Colombia’s 2025 Tax Miss Signals A Harder Budget Year Ahead

2026-01-26 - 18:29

Key Points DIAN says 2025 revenue was COP 296 trillion ($79 billion), COP 9.4 trillion ($2.5 billion) under target. Withholding led receipts, and Decree 0572 pulled payments forward. With the fiscal rule suspended, markets watch how the gap is financed. On paper, it is a missed target. In practice, it is a cash story with