Public sector
Official figures show that during the
first quarter of 2001, the non-financial public sector showed a deficit of Col. $851
billion, (0.44% of GDP), in contrast with the $1.273 billion (0.74% of GDP) surplus
observed the first quarter of 2000. It is worth mentioning that between these two periods,
the National Government increased its deficit in 0.4% of GDP, while the sectors that
traditionally present surpluses as the social security sector and Ecopetrol, reduced it by
0.29% and 0.05% of GDP respectively. Additionally, the deficit increase was due to a
reduction by 0.39% of GDP in the 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 |
2000 pr |
First Quarter
of 2001 pr |
| REVENUES 1/ |
EXPENDITURES
2/ |
ACTURIAL
ADJUSTMENTS |
DEFICIT (-)
SURPLUS (+) |
DEFICIT (-)
SURPLUS (+)
(% of GDP) |
REVENUES 1/ |
EXPENDITURES
2/ |
ACTURIAL
ADJUSTMENTS
3/ |
DEFICIT (-)
SURPLUS (+) |
DEFICIT (-)
SURPLUS (+)
(% of GDP) |
| Electric sector |
4,105.2
|
4,187.5 |
98.6 |
16.2
|
0.01 |
1,096.7
|
1,076.1
|
85.1 |
105.7
|
0.05 |
| Ecopetrol |
8,741.8
|
7,949.8
|
185.5
|
977.5
|
0.57 |
2,458.0
|
1,460.5
|
-296.7
|
700.8
|
0.36 |
| Carbocol |
610.9 |
451.8
|
0.0 |
159.1
|
0.09 |
0.0 |
0.0 |
0.0 |
0.0
|
0.00
|
| Telecom |
1,328.1
|
1,348.8 |
-20.6 |
-41.3
|
-0.02 |
281.7
|
280.7 |
-112.5
|
-111.5
|
-0.06 |
| Other entities 4/ |
7,339.1
|
5,586.7
|
227.2 |
1,979.6
|
1.15 |
1,758.1
|
1,471.0
|
7.5 |
294.6
|
0.15 |
| Social security |
11,897.0 |
11,204.4
|
-24.7
|
667.9
|
0.39 |
2,928.2 |
2,758.6
|
-40.2
|
129.3
|
0.07 |
| Local and regional entities |
20,957.9 |
21,049.3
|
0.0 |
-91.4
|
-0.05 |
5,088.6
|
5,246.6
|
0.0 |
-158.1
|
-0.08 |
| National Coffee Fund |
1,256.1 |
1,530.8
|
0.0 |
-274.6
|
-0.16 |
310.5 |
282.7
|
0.0 |
27.8
|
0.01 |
| National Government |
22,680.5
|
32,943.6
|
183.1
|
-10,080.0
|
-5.84 |
8,030.4
|
9,486.3
|
-383.6
|
-1,839.6
|
-0.94 |
| TOTAL |
78,916.7
|
86,252.7
|
649.0
|
-6,686.9
|
-3.87 |
21,952.2
|
22,062.7
|
-740.5
|
-851.1
|
-0.44 |
|
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). |
