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 r...

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Bibliographic Details
Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English en_US
Published:	Washington, DC 2012
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 http://hdl.handle.net/10986/8559

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Summary:	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.

Colombia : Public Expenditure Review

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