Public sector
Official figures show that at the end
of the first quarter of the year 2000, the non-financial public sector registered a
surplus of Col. $1.3 trillion, (0.74% of GDP). The National Government presented the
highest financial disequilibrium (-0.54% of GDP), while Ecopetrol and the Social Security
Sector registered surpluses of 0.41% and 0.36% of GDP respectively. It’s worth
mentioning that in the last years, the surplus of the Social Security sector has
decreased. Furthermore, Ecopetrol and the Petroleum Saving and Stabilization Fund
registered positive results, due to high international Oil prices.
NON FINANCIAL
PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT
Billon of pesos
| |
1999 |
First Quarter
of 2000 pr |
| ENTITIES |
REVENUES 1/ |
EXPENDITURES
2/ |
DEFICIT (-)
SURPLUS (+) |
DEFICIT (-)
SURPLUS (+)
(% of GDP) |
REVENUES 1/ |
EXPENDITURES
2/ |
Adjustments
3/ |
DEFICIT (-)
SURPLUS (+) |
DEFICIT (-)
SURPLUS (+)
(% of GDP) |
| Electric sector |
3,637.4 |
4,074.1 |
-436.7 |
-0.29 |
923.5 |
1,002.6 |
|
-79.2 |
-0.05 |
| Ecopetrol |
6,919.5 |
5,986.5 |
933.0 |
0.61 |
2,070.6 |
1,412.9 |
48.6 |
706.3 |
0.41 |
| Carbocol |
500.1 |
233.9 |
266.2 |
0.18 |
139.0 |
88.6 |
|
50.4 |
0.03 |
| Telecom |
1,317.3 |
1,387.5 |
-70.2 |
-0.05 |
337.2 |
338.3 |
|
-1.1 |
-0.00 |
| Other entities 4/ |
5,765.4 |
5,077.9 |
687.5 |
0.45 |
1,906.2 |
1,171.7 |
193.0 |
927.6 |
0.54 |
| Social security |
13,030.4 |
11,515.0 |
1,515.5 |
1.00 |
3,107.2 |
2,489.7 |
|
617.5 |
0.36 |
| Local and regional
entities |
17,949.0 |
18,466.9 |
-517.8 |
-0.34 |
4,319.1 |
4,353.8 |
|
-34.7 |
-0.02 |
| National Coffee Fund |
1,061.9 |
1,104.6 |
-42.7 |
-0.03 |
338.7 |
328.3 |
|
10.4 |
0.01 |
| National Government |
18,997.4 |
30,335.8 |
-11,338.3 |
-7.46 |
6,305.4 |
7,838.3 |
609.2 |
-923.7 |
-0.54 |
| TOTAL |
69,178.5 |
78,182.1 |
-9,003.6 |
-5.93 |
19,446.9 |
19,024.1 |
850.8 |
1,273.6 |
0.75 |
|
pr: Preliminary.
1/ Does not include privatization revenues.
2/ Includes net loans.
3/ Includes, among others, crude oil securitization revenues and floating debt variation
for the National Government and principal enterprices.
4/ Includes the Petroleum Saving and Stabilization Fund.
Source: Council for Fiscal Policy (CONFIS) and National Planning Department (DNP). |
