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Highlights From Finance Minister Ocampo 2023 Plans

COLOMBIA

Highlights from FM Ocampo speaking in Bogota:

Fiscal projections/issuance plans

  • Targets fiscal deficit of 3.8% GDP in 2023
  • Sees government net debt of 48.6% GDP in 2023
  • Plans to sell $2.1B of bonds overseas in 2023
  • Plans to borrow COP 36.2T in local market in 2023

Macro projections

  • Economy seen growing 1.3% in 2023
  • Inflation seen ending 2023 at 7.2%

Other

  • To continue increasing fuel prices in 2023

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