Colombia’s Valencia Vows $14 Billion Deficit Cut, Oil Push

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94%
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Short Term
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Colombian presidential candidate Paloma Valencia is pledging to cut the nation’s budget deficit by 50 trillion pesos ($14 billion) and reinstate fiscal rules abandoned by the current administration, aiming to defuse what she describes as a ticking time bomb of unsustainable debt.

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Original article published by Bloomberg on April 13, 2026.
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