Colombia keeps 2019 fiscal deficit goal, revises current account deficit

BOGOTA: Colombia's finance ministry on Thursday maintained the government's economic growth and fiscal deficit targets for this year, but revised the current account deficit goal upwards.

The ministry widened the current account deficit target to 4.1pc from an earlier projection of 3.5pc, while setting a narrower level of 3.9pc for 2020 and of 3.3pc for 2021.

It kept the central government fiscal deficit at 2.4pc for 2019, but estimated narrower deficits of 2.2pc for 2020, and 2.21pc for 2021.

The Andean country has set its gross domestic product growth target at 3.6pc for this year, at 4pc for next year and at 4.2pc for 2021.