The Banco de la República reported that profits as of July 2026 were $5.1 trillion, a 39% decrease compared to $8.4 trillion in July 2025. ^[1] Leonardo Villar, the general manager of the Banco de la República, requested on 2026-09-01 that the Colombian government elaborate a new Medium-Term Fiscal Framework or an equivalent document to explicitly state quantitative bases and adjustment targets. ^[2] The revised Financial Plan elevated the potential deficit to 9.4% of GDP and projected that net public debt could reach 66.2% by 2027 if the government does not adopt timely new fiscal measures. ^[3] As of July 2026, the Central Bank has fulfilled 52% of the annual transfer target of $9.7 trillion. ^[4] Expenses increased by 34%, driven by a rise in interest and yields from $1.02 trillion to $1.26 trillion, and changes in exchange rates impacting costs from $5.169 million to $57.517 million. ^[5] The Medium-Term Fiscal Framework established a target of $9.7 trillion in transfers from the Issuer for the current year, which represents 0.5% of GDP. ^[6] The 2026 Medium-Term Fiscal Framework previously estimated a total deficit of 4.5% of GDP and net public debt of 58.9% for 2027, but these figures are now considered outdated. ^[7] The government is preparing a Fiscal Adjustment Law aimed at rationalizing spending to reduce the primary deficit of 2027 by 2.2 percentage points of GDP, equivalent to approximately $45 trillion pesos. ^[8]