Colombia adopts the Presupuesto General de la Nacion by decree after Congress misses the deadline

22 October 2026

The government of Colombia issued Decreto 1599 de 2026 to adopt the Presupuesto General de la Nacion for 2027 at 634,9 billones de pesos, because Congress did not complete the budget law within the legal deadline. The Senate and the Chamber of Representatives passed different texts of article 65, which deals with fiscal hedging operations and the fuel price stabilisation fund, and the two versions were never reconciled. The total is the same as the figure Congress had approved, but the distribution changed. Of the total, 391,38 billones goes to running costs, 155,43 billones to debt service and 88,14 billones to investment. By sector, education gets 93 billones, health and social protection 81,56 billones, defence and police 74,90 billones and labour 67,42 billones. The budget takes effect from 1 January 2027. Miguel Gomez Martinez is the Minister of Finance.