Petro to Skirt Colombian Congress and Issue 2025 Budget by Decree
- Move likely to be challenged in the Constitutional Court
- Lawmakers demanded spending cuts amid a revenue shortfall
Gustavo Petro speaks during the United Nations General Assembly in New York, on Sept. 24.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Colombia’s government will skirt congress and take the unprecedented step of issuing its 2025 budget by decree.
The administration of President Gustavo Petro took the decision after it failed to reach an agreement with lawmakers on spending cuts and tax hikes, Lower House representative Eliecer Salazar, a government ally who is president of a congressional economic committee, said Tuesday.