Medellín mayor confirms EPM will remain fully public as budget transfers are reduced
Municipal and national budget announcements were published in Colombian media in the final week of October 2026.
By Valentina Restrepo · 4dMedellin mayor Federico Gutiérrez has stated Empresas Públicas de Medellín will remain 100% publicly owned for the full duration of his administration.
Projected 2027 budget transfers from EPM to the Medellin municipal government were revised down from 2.8 trillion pesos to 1.5 trillion pesos. Over the prior 15 year period, the utility has transferred approximately 20.03 trillion pesos to the city.
On 27 October 2026, the Colombian national government formally requested congressional approval to reallocate 3.9 trillion pesos from the 2026 national budget. 2.7 trillion pesos of the proposed reallocation are marked for earthquake affected zone reconstruction through the Fondo Milagro.
The government issued Decree 1585 on 22 October implementing a 2.5% cut to the approved 2026 budget totalling 13.8 trillion pesos. Analysis published by QNOMOS found this cut will only produce actual savings between 1.5 and 3.9 trillion pesos.
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