Colombia : Public Expenditure Review

The thrust of the argument in this report is that, from the fiscal policy perspective, Colombia's long term economic performance will best benefit from: lower public sector debt levels; a lower size of public expenditure; a simpler and (almost) neutral tax structure; a closer linkage between revenue and expenditure responsibilities at different government levels; stronger demand incentives and private sector participation in connection with social expenditures and the related public services; improved equity and financial balance of public expenditures on salaries and pensions; and further implementation of a medium term expenditure framework.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2005-04
Subjects:	BALANCE SHEET, BUDGET FORMULATION, BUDGET MANAGEMENT, BUDGET PROCESS, BUDGET REFORM, BUDGET SYSTEM, CENTRAL GOVERNMENT, CIVIL SERVICE, COMPARATIVE ANALYSIS, CONSENSUS, CONSOLIDATION, CONSTITUTION, CORRUPTION, COST EFFECTIVENESS, CURRENT EXPENDITURES, DEBT, DEBT/GDP, DECENTRALIZATION, DECISION-MAKING, DEFICITS, DEMOCRATIC REGIMES, DISTORTIONARY TAXES, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, EMPLOYMENT, EVASION, EXCHANGE RATE, EXCHANGE RATES, EXECUTION, EXPENDITURE POLICIES, EXPENDITURE RESPONSIBILITIES, EXPENDITURES, EXPENDITURES/GDP, FINANCIAL INFORMATION, FINANCIAL MANAGEMENT, FINANCIAL RESOURCES, FINANCIAL SECTOR, FISCAL, FISCAL BALANCE, FISCAL MANAGEMENT, FISCAL PERFORMANCE, FISCAL POLICIES, FISCAL POLICY, FISCAL PROBLEMS, FISCAL STANCE, FISCAL SUSTAINABILITY, FISCAL YEAR, GOVERNMENT CONSUMPTION, GOVERNMENT CONSUMPTION/GDP, GOVERNMENT EXPENDITURES, GOVERNMENT LEVELS, GOVERNMENT POLICIES, GOVERNMENT REVENUES, GOVERNMENT SALARIES, GOVERNMENT'S REFORM PROGRAM, HEALTH EXPENDITURES, HEALTH OUTCOMES, HIGH UNEMPLOYMENT, INCOME, INCOME TAXES, INDEXATION, INFLATION, INSTITUTIONAL ARRANGEMENTS, INTEREST COSTS, INTEREST RATES, INTERGOVERNMENTAL TRANSFERS, INVESTMENT EXPENDITURES, LABOR MARKET, LAWS, LEGISLATION, LEGISLATIVE BODIES, LOCAL TAXES, MACROECONOMIC STABILITY, MANDATES, MUNICIPALITIES, NATIONAL BUDGET, NATIONAL GOVERNMENTS, NATIONAL PLANNING, NATIONAL PLANNING DEPARTMENT, NET WORTH, OIL, OPERATING EXPENDITURES, PENSIONS, POLICY MAKERS, POLITICAL ECONOMY, POLITICAL POWER, PRESENT VALUE, PRIVATE SECTOR, PRIVATE SECTOR GROWTH, PRIVATE SECTOR PARTICIPATION, PRODUCTIVITY, PROVISIONS, PUBLIC EMPLOYMENT, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC MANAGEMENT, PUBLIC SECTOR, PUBLIC SECTOR EFFICIENCY, PUBLIC SECTOR EMPLOYMENT, PUBLIC SECTOR EXPENDITURES, PUBLIC SECTOR WAGES, PUBLIC SERVICES, PUBLIC SPENDING, PUBLIC/PRIVATE CONSUMPTION, REFERENDUM, REVENUE SHARING, ROYALTY, SERVICE DELIVERY, SIZE OF GOVERNMENT, SOCIAL ASSISTANCE, SOCIAL SAFETY, SOCIAL SECURITY, STRUCTURAL ADJUSTMENT, TAX, TAX ASSIGNMENT, TAX CAPACITY, TAX COLLECTION, TAX COMPLIANCE, TAX CREDITS, TAX RATES, TAX REFORM, TAX REVENUES, TAX SYSTEM, TAXATION, TELECOMMUNICATIONS, TRADE TAXES, UNEMPLOYMENT, WAGES,
Online Access:	http://documents.worldbank.org/curated/en/2005/04/5809586/colombia-public-expenditure-review https://hdl.handle.net/10986/8559
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