Colombia is bracing for its second-highest fiscal deficit in history, posing a significant economic challenge. The deficit is expected to be substantial, though specifics weren’t provided in the source, following the record set in 2020 at 7.8% of GDP. This economic strain is compounded by a current rise in inflation. The combination of these factors creates a complex economic landscape for the nation. Authorities now face increased pressure to address both issues to maintain economic stability. The situation calls for careful fiscal management and monetary policy adjustments. It remains to be seen how the Colombian government will navigate these concurrent economic headwinds.