Free Trial

Public Credit Director Hints At Lower Fiscal Deficit

COLOMBIA
  • 2023 fiscal results are expected to usher in some good news for investors, according to Public Credit Director Jose Roberto Acosta. The 2023 fiscal deficit is expected to be below the current government forecast of 4.3% of GDP.
    • “This gives us a very satisfactory margin to manoeuvre, and an element of tranquillity to face a very challenging 2024,” Acosta said.
    • For reference, Colombia lost its investment grade credit rating in 2021, but there have been no additional downgrades from ratings agencies since President Petro took over.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.