Colombia’s Fiscal Hole Deepens as Petro Runs Out of Road

2026-02-18 - 11:43

Key Points Colombia’s primary deficit hit 3.4% of GDP in 2025, a full percentage point above the government’s own target, as tax collection fell nearly $10 trillion pesos ($2.3B) short of projections The country already lost investment grade with S&P last June and was downgraded by Moody’s to Baa3 — the last notch before junk