✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #16
Colombia to enact 2027 budget by decree after Congress fails
Original: Colombia to enact 2027 budget by decree after congressional process fails
Colombia's government will issue the 2027 national budget by decree after Congress failed to pass it within the constitutional deadline. The measure allows the executive branch to set spending without legislative approval, a step permitted under Colombian law when lawmakers miss the October deadline. It raises questions about congressional oversight of public finances and is likely to draw criticism from opposition legislators.
Why now: Congress missing the constitutional budget deadline forces an unusual and contentious use of decree powers, drawing attention to political gridlock in Colombia.
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