Colombia’s economy has experienced growth alongside a significant increase in the fiscal deficit under the current administration of Gustavo Petro. Despite expanding state spending, the government successfully reduced poverty and inequality. The upcoming presidential election will see a new leader tasked with addressing these economic imbalances. Two opposing candidates are vying for the presidency, presenting starkly different approaches to economic policy. The next president will need to implement measures to stabilize the nation’s finances while sustaining the social progress achieved. The complex economic landscape presents a major challenge for the incoming administration, requiring careful navigation of competing priorities.