Colombia : Selected Issues Paper
Colombia has a strong fiscal framework that prescribes a prudent, albeit challenging, fiscal consolidation over the medium term. A number of changes have taken place over the past decade and a half to strengthen Colombia’s fiscal framework, including the introduction of a structural balance rule at the central government level. This rule prescribes a path of adjustment over the medium-term, which would compare well to standard benchmarks on the intertemporal use of fiscal revenue from resource wealth. However, achieving the adjustment will be challenging. An increase in revenues could help achieve the consolidation envisioned in the fiscal framework without unprecedented or undesirable reductions in expenditure
Year of publication: |
2014
|
---|---|
Institutions: | International Monetary Fund / Western Hemisphere Dept ; International Monetary Fund / Western Hemisphere Dept (contributor) |
Publisher: |
Washington, D.C : International Monetary Fund |
Subject: | Kolumbien | Colombia | Wirtschaftslage | Macroeconomic performance |
Saved in:
freely available
Extent: | Online-Ressource (86 p) |
---|---|
Series: | IMF staff country report. - Washington, DC : IMF, ZDB-ID 2390613-3. - Vol. Country Report No. 14/167 |
Type of publication: | Book / Working Paper |
Language: | English |
ISBN: | 1-4983-0212-2 ; 978-1-4983-0212-8 |
Other identifiers: | 10.5089/9781498302128.002 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014411413
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