The government reported on the fiscal and financial surplus achieved in January 2025, celebrating the results obtained. Pensions experienced a 10.8% year-on-year increase due to the change in the adjustment formula. The consulting firm Analytica pointed out that inflation-adjusted items were responsible for the increase in spending.
During the first two months of the current year, spending amounted to $14.6 trillion, with an adjustment based on December's inflation in the second month. As for spending allocated to public works, it suffered a decrease of 68.3% in February, and so far has not received funds from the National Treasury in 2025.
On the other hand, economic subsidies were reduced by 55.6%, mainly due to the decrease in energy and transport subsidies. The Ministry of Deregulation and State Transformation announced the elimination of 41,000 jobs in the public sector, which represented considerable savings. Tax revenue increased by 11.7% in February, and the actual accrued spending grew in the first two months compared to the previous year.
Regarding debt, an official decree stands out that authorizes an agreement with the IMF, and the importance of maintaining coherent fiscal, monetary, and exchange policies to ensure positive results in the economy is mentioned. February's spending rose thanks to transfers to provinces, family allowances, and pensions, although the areas of public works and subsidies continue to decline.
