KnowTheFacts

🇨🇴 Colombia: Petro didn’t start from zero — he started from a financial mess 💣

When Gustavo Petro became president in 2022, many thought he would quickly change Colombia’s economy.
But here’s the truth: he inherited a serious crisis from the previous government (President Iván Duque).

Here’s what Petro walked into:

💸 A $83 billion peso budget deficit — the biggest in Colombia’s history
📉 National debt jumped from 36% to 57% of GDP
⛽ Fuel subsidies left unpaid — over $37 billion pesos in debt
💼 Corruption scandals in public funds and development projects

👉 Colombia had little money to spend
👉 It was harder to borrow from international investors
👉 Trust in the government’s finances was low

So what has Petro actually done since?

✔️ Brought inflation down from 13% to 5%
✔️ Lowered food price inflation to just 1.7%
✔️ Lifted over 2 million people out of extreme poverty
✔️ Introduced a tax reform focused on taxing the wealthy
✔️ Distributed land to farmers from unused territories
✔️ Increased oil exploration while pushing green energy transition

🎯 Bottom line:

Petro didn’t break the economy — he’s trying to fix what was already broken.

Whether you support his policies or not, it’s important to know what he inherited: A country in debt, full of unpaid bills, and with serious corruption problems.

📊 Investors, traders, and analysts: always look at the real numbers — not just the politics.

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