Miguel Gómez stated that Colombia is experiencing a fiscal deterioration without recent precedents, where monthly government spending is significantly higher than revenues. ^[1] Miguel Gómez, Colombia's Minister of Finance, presented the framework for the 2027 General Public Budget (PGN) to the Joint Economic Commissions of the Congress on an unspecified date in 2026. ^[2] The government decided to cut $21.9 trillion pesos in spending because public finances inherited from the previous administration lacked the capacity to cover the full amount. ^[3] The Government of Abelardo De la Espriella approved a reduction of $21.9 billion to the 2026 national budget during a recent Council of Ministers meeting. ^[4] With the proposed adjustment, the government aims to close the year with a primary deficit of 3.3% of GDP and a total deficit of 7.2% of GDP. ^[5] Finance Minister Miguel Gómez confirmed the budget adjustment during a session at the Congress, stating the government lacks the capacity to pay for the originally planned expenditures. ^[6] Miguel Gómez stated that the decision to cut spending was painful and difficult for the government but absolutely indispensable to avoid serious liquidity problems by the end of the year. ^[7] Miguel Gómez criticized the previous administration for failing to take timely measures to curb the growth of the fiscal deficit. ^[8]