Colombia’s Ministry of Finance has issued a decree enacting an austerity plan for the 2026 fiscal year. The plan focuses on reducing government expenditure, specifically targeting contracts for services. Details released indicate a defined reduction in spending related to these service contracts. The move signals a broader effort to control public finances and potentially address budgetary constraints. Further details regarding the extent of the cuts and specific impacted services have not yet been released. The decree aims to implement fiscal discipline ahead of the 2026 budget cycle. This austerity measure is expected to impact various sectors reliant on government service contracts.