LatinNews Daily - 17 October 2025

*Colombia’s senate has voted to approve the 2026 national budget proposal, following its approval by the lower chamber on 15 October. The budget bill, which cleared the senate with 50 votes in favour and 24 against, now goes to President Gustavo Petro for promulgation. It outlines Col$546.9tn (US$141.6bn) in planned spending, which was negotiated down from Col$557tn in the government’s initial proposal. The agreement, which was reached between the government and congress, marks a rare moment of consensus in the strained executive-legislative relationship. It contrasts with the 2025 budget, which Petro controversially issued by decree after it was rejected by congress.

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