Minister Germán Ávila explained that the measure seeks medium -term fiscal stability.
The Minister of Finance, Germán Ávila, defended on Thursday the proposal of the National Government to file a Financing Law for $ 26.3 billion, with which it seeks to support the general budget of the Nation by 2026, estimated at $ 557 billion.
The initiative will be presented to Congress at the end of August.
During the press conference after the decision of the Bank of the Republic on interest rates, Ávila explained that this is not a measure designed only for the current government, but a medium -term commitment.
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“We are not raising a financing law for the Petro government, It is a financing law that has a medium -term perspective that tries to structurally face the fiscal problem, ”he said.
The head of the Treasury portfolio assured that The proposal seeks to guarantee the stability of public finances in the coming years.
“The beneficiary, so to speak, will not be the current governmentfundamentally, ”he added.
The raised figure represents An increase compared to the $ 19 billion initially planned in the medium -term fiscal framework. According to Ávila, this adjustment responds to the need to ensure the income required to finance the budget and stabilize public accounts beyond the short term.
“That is not just a conjunctural necessity of the government of resources by 2026, but to ensure tax stability in the medium term ”.
Government insists on the increase in the minimum wage above inflation
In parallel, Minister Ávila anticipated that The Government will insist on an increase in the minimum wage by 2026 higher than inflation, following the line established in recent years.
“Surely the National Government will insist on a new increase in the minimum wage over inflation,” he said.
This position had already been expressed by President Gustavo Petro last July, when he said that the minimum wage should rise “above inflation of the present year.”
According to Ávila, Recent salary adjustments have had an impact on poverty levels and have demonstrated redistributive effects, without generating significant increases in unemployment or inflation.
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By June 2025, annual inflation in Colombia was 4.8 %, The first time it was below 5 % since October 2021. According to Camacol estimates, the index would close the year at 4.05 %.
Based on this, The Government projects an increase in the minimum wage of between 6 % and 7 %, which would locate it about $ 1,520,000 in 2026.
Argued that The increases applied in 2023, 2024 and 2025 have had significant impacts on the reduction of poverty indicators, and that these adjustments have demonstrated an obvious redistributive effect. He also pointed out that this reaffirms the conviction of the government that work is the main generator of value in the economy.
Source: Integrated information system
