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Public sector

Preliminary figures show that during the first semester of 2001, the non-financial public sector showed a deficit of Col. $2.3 trillion, (1.24% of GDP). This result was higher than that observed in the same period of 2000 which was $200.1 billion, (0.12% of GDP). Between these two periods, the National Government increased its deficit in 0.86% of GDP, while the sectors that traditionally present surpluses as the social security sector and Ecopetrol, reduced it by 0.01% and 0.47% of GDP respectively. Additionally, the PSSF (Petroleum Saving and Stabilization Fund included in the group of other entities, reduced their positive balance by 0.25% of GDP as a consequence of the international oil prices decrease.

NON FINANCIAL PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT


Billon of pesos

ENTITIES

2000 pr First Semester of 2001 pr
REVENUES  1/ EXPENDITURES  2/ ACTURIAL
ADJUSTMENTS
3/
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 2.312,9       1.920,2       21,2       413,9       0,22
Ecopetrol 8.741,8       7.949,8       185,5       977,5       0,57 4.766,7       3.431,9       -440,9       893,8       0,47
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       -0,02 589,7       578,5       -72,3       -61,1       -0,03
Other entities 4/ 7.339,1       5.586,7       227,2       1.979,6       1,15 3.701,2       2.777,1       -185,1       739,0       0,39
Social security 11.897,0       11.204,4       -24,7       667,9       0,39 7.001,5       6.439,9       -7,7       553,9       0,29
Local and regional entities 20.957,9       21.049,3       0,0       -91,4       -0,05 10.763,8       10.833,6       0,0       -69,8       -0,04
National Coffee Fund 1.256,1       1.530,8       0,0       -274,6       -0,16 553,7       526,3       0,0       27,4       0,01
National Government 22.680,5       32.943,6       183,1       -10.080,0       -5,84 15.477,3       19.835,2       -485,9       -4.843,8       -2,56
TOTAL 78.916,7       86.252,7       649,0       -6.686,9       -3,87 45.166,8       46.342,8       -1.170,7       -2.346,7       -1,24

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).


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