Government reallocates one trillion from the 2026 internal debt service

The Ministry of Finance and Public Credit reallocated one trillion four billion five hundred million pesos ($1,004,500,000,000) within the 2026 national public debt service budget, through Resolution number 2614 of 2026, issued in Bogotá on November 11, 2026, by Minister Miguel Gómez Martínez and published on the same day in the Official Gazette number 53,687.

The regulation modifies the annex of the Decree for the Liquidation of the National Public Debt Service Expenditure Budget, established by Decree number 1477 of 2025, which liquidated the General Budget of the Nation for the 2026 fiscal year. The operation is supported by article 2.8.1.5.6 of Decree number 1068 of 2015, modified by article 8 of Decree number 412 of 2018, which empowers the head of the respective body to modify the annex via resolution provided that the total amount of operating, debt service, or investment appropriations approved by the Congress of the Republic is not altered.

The financial backing for the measure is Budgetary Availability Certificate number 226 of October 30, 2026, for the same one trillion four billion five hundred million pesos in current currency, issued by the Deputy Director of Operations based on article 41, numeral 15, of Decree number 4712 of 2008.

Where the resources come from

The contra-credits are recorded in three debt service items, according to the table attached to the resolution:

• One trillion pesos ($1,000,000,000,000) in debt securities for the principal of the internal public debt (account 10 01 01 11).
• Three billion pesos ($3,000,000,000) in debt securities for commissions and other expenses of the external public debt (account 09 03 01 13).
• One billion five hundred million pesos ($1,500,000,000) in debt securities for commissions and other expenses of the internal public debt (account 10 03 01 11).

The total contra-credits amount to $1,004,500,000,000, a figure identical to that of the credit block, such that the budget section for the debt service maintains its global amount.

Where the resources are transferred

The destination of the resources is also concentrated in the internal debt service and in accounts payable:

• One trillion pesos ($1,000,000,000,000) to debt securities for interest on the internal public debt (account 10 02 01 11).
• Three billion pesos ($3,000,000,000) to other accounts payable of the external public debt (account 09 03 03 13).
• One billion five hundred million pesos ($1,500,000,000) to other accounts payable of the internal public debt (account 10 03 03 11).

In practice, the bulk of the operation internally recomposes the internal debt service, while the remaining 4.5 billion are reclassified from commissions and other expenses to other accounts payable, for both the external and internal components.

Approval and validity

Article 2 of the resolution establishes that the measure takes effect as of the date of its issuance and that, for its validity, it requires the approval of the budgetary operation by the General Directorate of the National Public Budget, whose office signs the document as the approver, led by Claudia Marcela Numa Páez.

The same edition of the Official Gazette 53,687 includes three other resolutions from the Ministry of Finance and Public Credit dated November 11. Resolutions 2612 of 2026 and 2613 of 2026 adjust the amortization schedules of two external loans with KfW: one for 147,059,000 euros for the gender equality program (phase II) and another for 150,000,000 euros for the peace agenda (phase V). In both cases, the 25 semi-annual installments will now mature between November 15, 2029, and November 15, 2041, instead of May 15 of those same years, with the Euribor rate plus margin, a single management fee of 0.50%, and a commitment fee of 0.25% per year on balances to be disbursed. Resolution number 2618 of 2026, for its part, modifies the budgetary breakdown of the ministry’s General Management Unit.

Fiscal impact of the fiscal year closing

The operation does not incorporate new resources into the budget: it moves one trillion within the debt chapter, which confirms that the closing of the 2026 fiscal year is being managed based on the internal composition of the debt service and not on its total size. For budget readers, the relevant data is that the principal of the internal debt yields one trillion pesos to the interest, in a context where the Executive is also recalibrating the maturities of its external debt with the German development bank.

Source: Official Gazette, number 53,687, November 11, 2026, Section I, p. 2 (official reference: Resolution number 2614 of 2026).