Colombia’s Ministry of Hacienda (MinHacienda) has updated its Financial Plan, projecting a fiscal deficit of 7.8% of the Gross Domestic Product (GDP). This contrasts with an earlier projection of 7.2% GDP deficit. The Fiscal Responsibility Committee (Carf) has expressed doubt about the feasibility of potential budget cuts proposed by the MinHacienda. This assessment suggests potential challenges in achieving fiscal consolidation goals. The updated plan signals a more pessimistic outlook for Colombia’s public finances. Carf’s skepticism raises questions about the government’s ability to rein in spending and reduce the deficit. The projected deficit could have implications for Colombia’s economic stability and future investment.