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    "headline": "Colombia Congress Faces Tight Deadline to Approve 2027 Budget",
    "dek": "Colombia's Congress must approve the 2027 budget by October 20 before a decree takes effect.",
    "prose": "Colombian Finance Minister Miguel Gómez stated that the government requested Congress return the 2027 budget articulation because the financial assumptions proposed by the previous Petro administration were erroneous. [^1]\n\nIf Congress does not debate or issue the final text before midnight on October 20, the 2027 budget will be enacted by decree through the initial Ministry of Finance presentation. [^2]\n\nThe Senate and Chamber plenaries must approve the articulation in its entirety by October 20. [^3]\n\nColombia's Finance Minister Miguel Gómez warned the Congress that the country faces a severe deterioration of public finances with a monthly spending gap of over $11 trillion pesos. [^4]\n\nThe new 2027 budget project presented by the Ministry of Finance amounts to $634.9 trillion pesos, which is nearly $60 trillion pesos more than the initiative from the previous government. [^5]\n\nMiguel Gómez stated that the state collects an average monthly income of $29 trillion pesos but expenses reach more than $40 trillion pesos, a difference covered only by debt. [^6]\n\nMiguel Gómez warned that without action, public debt would reach an unsustainable level, leading to accelerated currency devaluation, economic growth slowdown, and recession. [^7]",
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