Economists Are Ever More Gloomy About Colombia's Fiscal Outlook
Colombian economists are increasingly gloomy about the nation's fiscal outlook, with some predicting the biggest deficit since the pandemic this year.
In recent weeks, analysts surveyed by Bloomberg have steadily lifted their 2025 deficit forecasts as tax revenues lagged expectations. At the same time, the government of President Gustavo Petro has declined to rein in spending on the scale needed, leading a Finance Minister to quit in March.
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