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Government budget and revenue in Madrid, Colombia: official figures

The Madrid municipal government reported total revenue of COP 261.8 billion for 2025 to the Comptroller General's CUIPO system, 9th smallest of 74 Colombian cities on this site; that was up 26.6% on 2024 (COP 206.8 billion) and up 13.1% on 2023.

Municipal revenue collected (CUIPO)
COP 261.8 billion
2025

How much does Madrid collect per person?

Revenue collected by the Madrid municipal government in 2025 came to about COP 1,829,527 per resident (2025 projected population), 11th lowest of 74 Colombian cities on this site.

Source: Contraloría General de la República · saved copy

How much tax does Madrid collect?

Tax revenue made up 41.7% of the revenue collected by the Madrid municipal government in 2025 (COP 109.3 billion, COP 763,794 per resident), 9th highest of 74 Colombian cities on this site on share; the rest came from non-tax income, transfers and capital resources.

Source: Contraloría General de la República · saved copy

How much property tax does Madrid collect?

In 2025 Madrid collected COP 25.6 billion in property tax (impuesto predial unificado, COP 178,697 per resident, 33rd highest of 74 Colombian cities on this site) and COP 47.6 billion in industry and commerce tax (ICA).

Source: Contraloría General de la República · saved copy

How much of the budget of Madrid comes from the national government?

Current transfers, mainly from the national government, were COP 59.5 billion in 2025, 22.7% of the revenue collected by the Madrid municipal government, 4th lowest of 74 Colombian cities on this site.

Source: Contraloría General de la República · saved copy

How much does Madrid borrow?

Capital resources (such as the opening cash balance, borrowing and capital transfers) accounted for COP 88.2 billion, 33.7% of the total revenue reported by the Madrid municipal government for 2025.

Source: Contraloría General de la República · saved copy

How has the budget of Madrid changed?

Total revenue reported by the Madrid municipal government was COP 231.5 billion in 2023, COP 206.8 billion in 2024 and COP 261.8 billion in 2025, a change of +13.1% over two years, 9th slowest growth of 74 Colombian cities on this site.

Source: Contraloría General de la República · saved copy

How Madrid compares with other cities in Colombia

Municipal revenue collected per resident, 2025 (COP; 2025 projected population) (2025)

Madrid ranks 64 of 74, highest first.

RankCityMunicipal revenue collected per resident, 2025 (COP; 2025 projected population)
61UribiaCOP 2,155,899
62FacatativáCOP 2,093,216
63Santa MartaCOP 1,977,396
64MadridCOP 1,829,527
65SoledadCOP 1,793,649
66BelloCOP 1,789,771
67TurbacoCOP 1,775,125
Source: Contraloría General de la República · saved copy

Tax revenue as a share of total municipal revenue, 2025 (2025)

Madrid ranks 9 of 74, highest first.

RankCityTax revenue as a share of total municipal revenue, 2025
6Cajicá44.9%
7Envigado43.1%
8Itagüí42.8%
9Madrid41.7%
10Santa Marta41.1%
11Barranquilla39.6%
12Cali36.7%
Source: Contraloría General de la República · saved copy

Municipal tax revenue per resident, 2025 (COP) (2025)

Madrid ranks 28 of 74, highest first.

RankCityMunicipal tax revenue per resident, 2025 (COP)
25Santa MartaCOP 812,915
26GirónCOP 803,204
27JamundíCOP 788,672
28MadridCOP 763,794
29ZipaquiráCOP 719,416
30Gudalajara de BugaCOP 715,041
31SogamosoCOP 675,013
Source: Contraloría General de la República · saved copy

Change in municipal revenue collected, 2023 to 2025 (2023-2025)

Madrid ranks 66 of 74, highest first.

RankCityChange in municipal revenue collected, 2023 to 2025
63Itagüí+14.0%
64Ibagué+13.7%
65Funza+13.1%
66Madrid+13.1%
67Cali+12.4%
68Apartadó+12.1%
69Bello+11.8%
Source: Contraloría General de la República · saved copy

Current transfers as a share of total municipal revenue, 2025 (2025)

Madrid ranks 71 of 74, highest first.

RankCityCurrent transfers as a share of total municipal revenue, 2025
68Medellín26.6%
69Rionegro26.6%
70Chía25.9%
71Madrid22.7%
72Bogotá, D.C.20.4%
73Envigado17.8%
74Cajicá11.3%
Source: Contraloría General de la República · saved copy

Property tax (impuesto predial) collected per resident, 2025 (COP) (2025)

Madrid ranks 33 of 74, highest first.

RankCityProperty tax (impuesto predial) collected per resident, 2025 (COP)
30Santa MartaCOP 208,726
31CartagoCOP 190,152
32TuluáCOP 179,374
33MadridCOP 178,697
34BelloCOP 175,711
35YopalCOP 175,373
36VillavicencioCOP 174,143
Source: Contraloría General de la República · saved copy

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Sources

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