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CARF warns the government’s fiscal plan may be overly optimistic and insufficient to fully address fiscal challenges.

The government plans to gradually reduce the central government fiscal deficit by 3.4pp of GDP.

Colombia’s recently released Medium-Term Fiscal Framework (MTFF) utilizes optimistic economic growth assumptions and relies on one-off privatization/asset sales and uncertain administrative measures to boost revenues, says Fitch Ratings. As such, risks to achieving...