Public sector
During the first quarter of 1999,
the non-financial public sector registered a surplus of Col. $415 billion, 0.25% of GDP.
The National Government presented the greatest fiscal imbalance equivalent to 0.74% of
GDP. The Social Security Fund continued displaying the largest surpluses, 0.52% of GDP.
The National Coffee Fund and Ecopetrol registered surpluses of 0.03% and 0.15% of GDP,
respectively.
NON FINANCIAL
PUBLIC SECTOR
REVENUES, EXPENDITURES AND DEFICIT
Billon of pesos
ENTITIES |
1998 |
1999
1/ |
REVENUES 2/ |
EXPENDITURES
3/ |
DEFICIT(-)
SURPLUS(+) |
DEFICIT(-)
SURPLUS(+) (% OF GDP) |
REVENUES 2/ |
EXPENDITURES
3/ |
DEFICIT(-)
SURPLUS(+) |
DEFICIT(-)
SURPLUS(+) (% OF GDP) |
Electric
sector |
4,091.0 |
4,864.0 |
(773.0) |
(0.53) |
795.0 |
847.0 |
(52.0) |
(0.03) |
Ecopetrol |
5,231.5 |
5,102.0 |
129.5 |
0.09 |
1,263.0 |
1,013.0 |
250.0 |
0.15 |
Carbocol |
447.0 |
330.0 |
117.0 |
0.08 |
115.0 |
83.0 |
32.0 |
0.02 |
Telecom |
1,403.0 |
1,197.0 |
206.0 |
0.14 |
373.0 |
251.0 |
122.0 |
0.07 |
Medellín
Metro |
102.0 |
25.0 |
77.0 |
0.05 |
25.0 |
15.0 |
10.0 |
0.01 |
Other
entities |
4,455.0 |
4,198.0 |
257.0 |
0.18 |
1,149.0 |
842.0 |
307.0 |
0.19 |
Social
security |
11,270.0 |
9,128.0 |
2,142.0 |
1.46 |
2,369.0 |
1,516.0 |
853.0 |
0.52 |
Local and
regional entities 4/ |
16,673.0 |
16,761.0 |
(88.0) |
(0.06) |
4,936.0 |
4,874.0 |
62.0 |
0.04 |
National
Coffee Fund |
1,508.0 |
1,476.0 |
32.0 |
0.02 |
337.0 |
284.0 |
53.0 |
0.03 |
National
Government |
16,880.0 |
23,821.0 |
(6,941.0) |
(4.73) |
5,183.0 |
6,405.0 |
(1,222.0) |
(0.75) |
TOTAL |
62,060.5 |
66,902.0 |
(4,841.5) |
(3.30) |
16,545.0 |
16,130.0 |
415.0 |
0.25 |
|
1/ Correspond to
the first quarter of 1999.
2/ Do not include privatization revenues. For 1998 the privatization
total is $752 billion of pesos.
3/ Includes net loans.
4/ For 1999, correspond to the National Royalties Fund (FNR).
Source: Council for Fiscal Policy (CONFIS) and National Planning
Department - (DNP). |
