Guatemala’s network of think tanks has raised concerns regarding the proposed 2027 budget, warning of increased spending and rising debt levels in an election year. The budget projects a 14% increase in overall expenditure, accompanied by a bond issuance reaching Q42 billion 750 million. A significant portion—over half—of this new debt would be allocated to cover operational costs rather than investment. The analysis also questions the increased allocation of resources to dependencies of the Executive Branch and the Councils for Community Development (Codedes). Critics suggest this prioritizes administrative functions over potentially more impactful areas. The report signals potential financial challenges ahead for Guatemala if the proposed budget is enacted as planned, especially given the context of an upcoming electoral cycle.