Subachoque makes history: from 38th to number 1 in the Fiscal Performance Index

Subachoque celebrates an unprecedented achievement by positioning itself as the municipality with the strongest fiscal management in Cundinamarca, according to the 2024 Fiscal Performance Index (FPI) of the National Planning Department (DNP). The municipality moved from 38th place in 2023 to number 1 in the departmental ranking, consolidating notable progress in just one year.

Nationally, Subachoque ranks third among the 236 municipalities classified as Type 2 and 13th among the 1,103 municipalities evaluated. With a score of 74.3, it entered the exclusive group of municipalities classified as "Solvent," a category achieved by only five municipalities in Cundinamarca. See more: The minimum wage in Colombia by 2026 could be $1,600,000.

This result places it less than three points from Bogotá (77) and less than seven from Samacá (Boyacá), the only municipality classified as 'sustainable' with 81.1 points.

Mayor Jorge Camacho emphasized that this achievement is the result of rigorous planning, responsible financial management, and transparent resource management. “ We collected 100% of municipal taxes, a 7.3% increase compared to the previous period. Furthermore, Subachoque has no public debt and its operating expenses are below the national average ,” he stated.

The IDF is a tool that evaluates the fiscal viability of municipalities, their ability to generate their own revenue, their level of debt, investment in projects, and resource planning. Its annual publication, established by Law 617 of 2000, seeks to ensure transparency and social oversight of public management. See more: Overview: Seven out of ten municipalities in the country are at fiscal risk. With a national average of 55.86 points, Subachoque not only far exceeds the average , but is also positioned above intermediate cities and territories with greater fiscal capacity. “ The merit is greater if you take into account that we are a territory without industry. But in Subachoque there is something more valuable: an administration that does its job well and a community that believes in the public sector ,” added the local leader.

Subachoque's rise in the IDF reflects a profound transformation in its financial management, prioritizing investment in projects that directly impact the quality of life of its residents. In a context where 68% of the country's municipalities are at fiscal risk , Subachoque's performance serves as an example of administrative discipline and efficiency.

See more: Despite the upward trend, the Colombian peso still faces fiscal risks. This recognition strengthens citizen confidence and opens up new opportunities for public and private investment. It also facilitates access to co-financing resources from the national and departmental governments, which translates into more projects, better services, and greater well-being for the community. VALENTINA DELGADILLO ABELLO

Portfolio Journalist