Public sector
Official figures show that at the end
of the third quarter of the year 2000, the non-financial public sector registered a
deficit of Col. $1,245 billion, (0.72% of GDP). The National Government presented the
highest financial disequilibrium (-2.54% of GDP), while Ecopetrol, the Social Security
Sector and the Other Entities, registered surpluses of 0.48%. 0.25% and 0.86% 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 (included in the Other Entities sector) registered positive results,
due to high international Oil prices..
NON FINANCIAL
PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT
Billon of pesos
| ENTITIES |
1999 |
Accrued at September of 2000 pr |
| REVENUES 1/ |
EXPENDITURES 2/ |
DEFICIT
(-)
SURPLUS (+) |
DEFICIT
(-)
SURPLUS (+)
(% of GDP) |
REVENUES
1/ |
EXPENDITURES 2/ |
ACTURAL
ADJUSTMENTS
3/ |
DEFICIT
(-)
SURPLUS (+) |
DEFICIT
(-)
SURPLUS (+)
(% of GDP) |
| Electric sector |
3,637.4 |
4,074. |
-436.7 |
-0.29 |
2,744.9
|
2,835.0 |
191.2 |
101.0 |
0.06 |
| Ecopetrol |
6,919.5 |
5,986.5 |
933.0 |
0.61 |
6,589.0 |
5,517.7 |
-244.5 |
826.8 |
0.48 |
| Carbocol |
500.1 |
233.9 |
266.2 |
0.18 |
432.5 |
237.6 |
0.4 |
195.4 |
0.11 |
| Telecom |
1,317.3 |
1,387.5 |
-70.2 |
-0.05 |
1,033.6 |
951.6 |
-139.7 |
-57.7 |
-0.03 |
| Other entities 4/ |
5,765.4 |
5,077.9 |
687.5 |
0.45 |
5,181.9
|
3,715.6 |
20.8 |
1,487.1 |
0.86 |
| Social security |
13,030.4 |
11,515.0 |
1,515.5 |
1.00 |
8,420.4 |
7,785.2 |
-200.6 |
434.6 |
0.25 |
| Local and regional entities |
17,949.0 |
18,466.9 |
-517.8 |
-0.34 |
14,539.0 |
14,329.6 |
0.0 |
209.4 |
0.12 |
| National Coffee Fund |
1,061.9 |
1,104.6 |
-42.7 |
-0.03 |
1,027.8
|
1,070.0 |
0.0 |
-42.2 |
-0.02 |
| National Government |
18,997.4 |
30,335.8 |
-11,338.3 |
-7.46 |
18,126.6 |
23,455.4 |
929.4 |
-4,399.4 |
-2.54 |
| TOTAL |
69,178.5 |
78,182.1 |
-9,003.6 |
-5.93 |
58,095.7
|
59,897.7 |
556.9 |
-1,245.0 |
-0.72 |
|
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). |
