Public sector
During 1998, the non-financial
public sector deficit was Col $4.841 billion, amounting to 3.75% of GDP. This figure does
not include Col $752 billion in privatization revenues from the sale of concerns in the
Electrical Sector. The National Government displayed the largest fiscal imbalance (5,38%
of GDP), which increased the deficit presented during 1997. The Social Security Fund
continued yielding a large surplus (1.66% of GDP). The financial results of The National
Coffe Fund and Ecopetrol were affected by the fall in the international prices of oil and
coffee.
NON FINANCIAL
PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT
Billon of pesos
ENTITIES |
1997 |
1998 |
REVENUES
1/ |
EXPENDITURES
2/ |
DEFICIT(-)
SURPLUS(+) |
DEFICIT(-)
SURPLUS(+)
(% OF GDP) |
REVENUES
1/ |
EXPENDITURES
2/ |
DEFICIT(-)
SURPLUS(+) |
DEFICIT(-)
SURPLUS(+)
(% OF GDP) |
Electric
sector |
4.541,0 |
4.798,0 |
(257,0) |
(0,24) |
4.091,0 |
4.864,0 |
(773,0) |
(0,60) |
Ecopetrol |
4.979,0 |
5.287,0 |
(308,0) |
(0,28) |
5.231,5 |
5.102,0 |
129,5 |
0,10 |
Carbocol |
351,0 |
287,0 |
64,0 |
0,06 |
447,0 |
330,0 |
117,0 |
0,09 |
Telecom |
1.311,0 |
1.102,0 |
209,0 |
0,19 |
1.403,0 |
1.197,0 |
206,0 |
0,16 |
Medellín
Metro |
85,0 |
107,0 |
(22,0) |
(0,02) |
102,0 |
25,0 |
77,0 |
0,06 |
Other
entities |
4.372,0 |
4.183,0 |
189,0 |
0,17 |
4.455,0 |
4.198,0 |
257,0 |
0,20 |
Social
security |
8.789,0 |
7.296,0 |
1.493,0 |
1,37 |
11.270,0 |
9.128,0 |
2.142,0 |
1,66 |
Local and
regional entities |
13.631,0 |
14.668,0 |
(1.037,0) |
(0,95) |
16.673,0 |
16.761,0 |
(88,0) |
(0,07) |
National
Coffee Fund |
1.259,0 |
1.078,0 |
181,0 |
0,17 |
1.508,0 |
1.476,0 |
32,0 |
0,02 |
National
Government |
15.283,0 |
19.787,0 |
(4.504,0) |
(4,14) |
16.880,0 |
23.821,0 |
6.941,0 |
(5,38) |
| |
|
|
|
|
|
|
|
|
TOTAL |
54.601,0 |
58.593,0 |
(3.992,0) |
(3,67) |
62.060,5 |
66.902,0 |
(4.841,5) |
(3,75) |
|
1/ Do not Include
privatization revenues. For 1997 and 1998 the privatization total is $3,966 and $752
billion of pesos respectively.
2/ Includes net loans.
Source: Council for Fiscal Policy - CFP and National Planning Department
- NPD. |
