De la Espriella government plans tax reform in September after fiscal adjustment

The incoming government of Abelardo de la Espriella will prioritize a fiscal adjustment plan through administrative measures before presenting a tax reform bill in September 2026. The announcement was made on July 24 by designated Finance Minister Miguel Gómez Martínez during a CAF event at Universidad EIA in Medellín.

What happened

• Gómez stated that the first step is a fiscal adjustment plan that does not require congressional approval: "Primero vamos con el plan de ajuste, esa es la prioridad" Source: portafolioco.
• The tax reform will follow in September: "Yo creería que en el mes de septiembre presentaremos la reforma" Source: elcolombiano.

The reaction

• Gómez sharply criticized the current government's tax reform, calling it "mal orientada" and "injusto con los colombianos ponerlos a pagar la 'parranda' de este Gobierno" Source: larepublicaco. He urged Congress to archive it.
• The fiscal deficit for this year is projected at 7.4% by the Comité Autónomo de la Regla Fiscal (Carf) Source: larepublicaco. Investment is at its lowest level in decades Source: larepublicaco.

What's next

• The adjustment plan will signal austerity and fiscal discipline, aiming to restore confidence and spur investment.