Fiscal deficits, lower growth threaten Colombia

Fiscal deficits, lower growth threaten Colombia

Colombia Economy & Policy Corporate & Sovereign Strategy

Higher fiscal deficits and lower-than-expected growth could pressure Colombia’s creditworthiness and any fiscal slippage could risk its outlook, a report from Fitch Ratings said. Despite the government’s efforts to gradually lower debt, its Medium Term Fiscal Framework report forecasted that its fiscal deficit would be 3.1% of GDP in 2018, higher than the 2.7% forecast a year earlier. As a result, Fitch said debt-to-GDP is expected to stabilize next year rather than decrease. The revised

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