Public sector
Official figures show that in the year
2000, the non-financial public sector registered a deficit of Col. $6,687 billion, (3.9%
of GDP). This fiscal imbalance was 2.06% of GDP lower than the one observed in 1999. As
important facts, it is worth to be noting that the National Government reduced its deficit
in 1.6% of GDP, the sectors that traditionally present surpluses as the Social Security
sector and Ecopetrol, reduced it by 0.61% and 0.04% of GDP respectively. Additionally, the
deficit decrease was due to a 0.7% of GDP positive balance showed by the PSSF (Petroleum
Saving and Stabilization Fund included in the Rest of Entities group).
NON FINANCIAL
PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT
Billon of pesos
| ENTITIES |
1999 |
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
|
4.074,1
|
-436,7
|
-0,29
|
4.105,2
|
4.187,5
|
98,6
|
16,2
|
0,01
|
| Ecopetrol |
6.919,5
|
5.986,5
|
933,0
|
0,61
|
8.741,8
|
7.949,8
|
185,5
|
977,5
|
0,57
|
| Carbocol |
500,1
|
233,9
|
266,2
|
0,18
|
610,9
|
451,8
|
0,0
|
159,1
|
0,09
|
| Telecom |
1.317,3
|
1.387,5
|
-70,2
|
-0,05
|
1.328,1
|
1.348,8
|
-20,6
|
-41,3 |
-0,02
|
| Other entities 4/ |
5.765,4
|
5.077,9
|
687,5
|
0,45
|
7.339,1
|
5.586,7
|
227,2
|
1.979,6
|
1,15
|
| Social security |
13.030,4
|
11.515,0
|
1.515,5
|
1,00
|
11.897,0
|
11.204,4
|
-24,7
|
667,9
|
0,39
|
| Local and regional entities |
17.949,0
|
18.466,9
|
-517,8
|
-0,34
|
20.957,9
|
21.049,3
|
0,0
|
-91,4
|
-0,05
|
| National Coffee Fund |
1.061,9
|
1.104,6
|
-42,7
|
-0,03
|
1.256,1
|
1.530,8
|
0,0
|
-274,6
|
-0,16
|
| National Government |
18.997,4
|
30.335,8
|
-11.338,3
|
-7,46
|
22.680,5
|
32.943,6
|
183,1
|
-10.080,0
|
-5,84
|
| TOTAL |
69.178,5 |
78.182,1 |
-9.003,6 |
-5,93 |
78.916,7 |
86.252,7 |
649,0 |
-6.686,9 |
-3,87
|
|
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). |
