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Colombia ‘21 Fiscal Deficit to Post Positive Surprise: Restrepo

Nov. 25, 2021, 2:08 PM

Colombia’s fiscal deficit will post a “very positive surprise” as tax revenue is growing faster than expected, Finance Minister Jose Manuel Restrepo says in an infrastructure event.

  • “With all certainty, the fiscal deficit for 2021 will be lower than we had planned in the medium-term fiscal framework, it will no longer be 8.6%. We are making the final numbers but we will have a very positive surprise”
  • Tax revenue is up 4% year to Oct. or 7.6 trillion pesos above the estimated in mid-term fiscal plan
  • GDP to expand at least 8.5% this year and is already growing compared to ...

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