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Public sector

The preliminary numbers show that during the year 2001, the non-financial public sector of Colombia registered a deficit of $7,126.8 trillion (3.8% of the GDP). This fiscal result was higher than that obtained the non-financial public sector in the same period of 2000 which was $439,8 trillion (0.23% of the GDP). In the 2001 the National Government increased its deficit in $10.8 trillion, 5.8% of GDP, while the decentralized sector registered surpluses, of 3.6 trillion. In this last sector, surpluses of the social security are included, $1.088,6 trillion, as well as of Ecopetrol, $778.7 trillion, and of the PSSF, (Petroleum Saving and Stabilization Fund), which are included in the group of other entities.

NON FINANCIAL PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT


Billon of pesos

ENTITIES

2000 2001 pr
REVENUES
1/
EXPENDITURES
2/
ACTUARIAL
ADJUSTMENTS
3/
DEFICIT
(-)
SURPLUS
(+)
DEFICIT
(-)
SURPLUS (+)
(% of GDP)
REVENUES
1/
EXPENDITURES
2/
ACTUARIAL
ADJUSTMENTS
3/
DEFICIT
(-)
SURPLUS
(+)
DEFICIT
(-)
SURPLUS
(+)
(% of GDP)
Electric sector 4,105.2 4,187.5 98.6 16.2 0.0 4,689.7 4,398.6 -21.0 270.2 0.1
Ecopetrol 8,741.8 7,949.8 185.5 977.5 0.6 9,287.3 8,769.0 260.4 778.7 0.4
Carbocol 610.9 451.8 0.0 159.1 0.1 0.0 0.0 0.0 0.0 0.0
Telecom 1,328.1 1,348.8 -20.6 -41.3 0.0 1,324.0 1,249.1 280.4 355.2 0.2
Other entities 4/ 7,339.1 5,586.7 227.2 1,979.6 1.1 7,425.4 6,047.1 -169.6 1,208.7 0.6
Social security 11,897.0 11,204.4 -24.7 667.9 0.4 14,581.4 13,659.2 166.4 1,088.6 0.6
Local and regional entities  20,957.9 21,049.3 0.0 -91.4 -0.1 22,801.6 22,690.8 -87.1 23.6 0.0
National Coffee Fund 1,256.1 1,530.8 0.0 -274.6 -0.2 1,023.9 1,100.8 0.0 -76.8 0.0
National Government  22,680.5 32,943.6 183.1 -10,080.0 -5.8 27,489.0 39,043.6 779.6 -10,774.9 -5.8
TOTAL 78,916.7 86,252.7 649.0 -6,686.9 -3.9 88,622.4 96,958.2 1,209.0 -7,126.8 -3.8

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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