Clavijo Vergara analyses the dynamics of Colombia's public and external debt over the period 1997-2003. He argues that a proper assessment of debt sustainability requires that the cost of serving the debt is computed on a gross basis (i.e. including the interest payments on intra-governmental...

This document presents fiscal simulations to visualize possible trajectories of the Colombian Consolidated Public Debt/GDP ratio over 2019-2024. The main conclusion is that the driving-force to stabilize such ratio must come from efforts to increase tax-collections from 14% to 16% of GDP over...