Colombia to raise 2025 fiscal deficit target to 7.1% of GDP, market sources say

BOGOTA, June 10 (Reuters) - Colombia's government will raise its 2025 fiscal deficit target to 7.1% of gross domestic product (GDP), from a current 5.1% of GDP, after the government activated an "escape clause" to suspend its fiscal rule, market sources told Reuters on Tuesday.

The new target was announced at a meeting between the finance ministry and market makers, including participants involved in managing the nation's domestic debt, the sources said.