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El balance estructural del gobierno central en Colombia

Author

Listed:
  • Natalia Salazar Ferro
  • Diego Prada H.

Abstract

En este documento se hace una descomposición del déficit fiscal observado del Gobierno Central en su componente cíclico y estructural para el período 1980-2002, utilizando la metodología estándar aplicada por el FMI y la OECD para los países desarrollados. En particular, se encontró que las medidas fiscales han tendido a ser pro cíclicas. Es decir, en épocas de auge, la política fiscal ha sido expansiva y no se observa una tendencia al ahorro, sino más bien al incremento del gasto. En épocas de recesión, la inexistencia de este ahorro y la dificultad de acceso al financiamiento en los mercados de deuda tanto interna como externa, que surge al tiempo con la misma recesión, obligan a un ajuste en materia de política fiscal.

Suggested Citation

  • Natalia Salazar Ferro & Diego Prada H., 2004. "El balance estructural del gobierno central en Colombia," Coyuntura Económica, Fedesarrollo, March.
    • Handle: RePEc:col:000438:013420
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    File URL: http://hdl.handle.net/11445/939
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    References listed on IDEAS

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    1. repec:zbw:bofrdp:1999_001 is not listed on IDEAS
    2. Coricelli, Fabrizio & Ercolani, Valerio, 2002. "Cyclical and Structural Deficits on the Road to Accession: Fiscal Rules for an Enlarged European Union," CEPR Discussion Papers 3672, C.E.P.R. Discussion Papers.
    3. Carlos Esteban Posada & Carlos Caballero Argáez, 2003. "Una Nota Sobre Los Elementos Coyunturales Y Estructurales Del Deficit Fiscal En El Caso Colombiano Reciente," Borradores de Economia 3718, Banco de la Republica.
    4. Mr. Robert P. Hagemann, 1999. "The Structural Budget Balance The IMF’s Methodology," IMF Working Papers 1999/095, International Monetary Fund.
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    Cited by:

    1. Ignacio Lozano-Espitia & Fernando Arias-Rodríguez & Jesus Bejarano & Andres Gonzalez & Clark Granger-Castaño & Franz Hamann & Yurany Hernández-Turca & Juan Manuel Julio-Román & Martha López & Juan C. , 2019. "La política fiscal y la estabilización macroeconómica en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 90, pages 1-60, April.
    2. Hernán Rincón & Jorge Ramos & Ignacio Lozano, 2004. "Crisis Fiscal Actual: Diagnóstico Y Recomendaciones," Borradores de Economia 2244, Banco de la Republica.
    3. Clark Granger & Yurany Hernández & Jorge Ramos & Jorge Toro & Héctor Zárate, 2018. "La postura fiscal en Colombia a partir de los ajustes a las tarifas impositivas," Borradores de Economia 1038, Banco de la Republica de Colombia.
    4. José Daniel REYES PENA, 2003. "The cost of disinflation in Colombia: -A sacrifice Ratio Approach-," Archivos de Economía 3579, Departamento Nacional de Planeación.
    5. Lozano Luis Ignacio & Carolina Aristizábal, 2003. "Déficit público y desempeno económico en la década del noventa. El caso colombiano," Revista Desarrollo y Sociedad, Universidad de los Andes,Facultad de Economía, CEDE, September.
    6. Fricke, Hans & Süssmuth, Bernd, 2014. "Growth and Volatility of Tax Revenues in Latin America," World Development, Elsevier, vol. 54(C), pages 114-138.
    7. Lina María Vásquez & Luis Edgar Basto, 2004. "Balance estructural, dinámica y volatilidad de la deuda," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 22(46-1), pages 26-81, December.
    8. Gómez Munoz, Wilman & Rhenals M., Remberto, 2007. "Un cálculo del déficit fiscal estructural: análisis y una propuesta metodológica," Perfil de Coyuntura Económica, Universidad de Antioquia, CIE, December.
    9. Hernán Rincón & Jenny Berthel & Miguel Gómez, 2003. "Balance fiscal estructural y cíclico del gobierno nacional central de Colombia, 1980-2002," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 21(44), pages 12-62, December.
    10. Diego F. Angel‐Urdinola & Quentin Wodon, 2004. "The Impact on Inequality of Raising the Minimum Wage: Gap‐narrowing and Reranking Effects," LABOUR, CEIS, vol. 18(2), pages 317-327, June.
    11. Diego F. ANGEL URDINOLA & Quentin WODON, 2003. "Relative labor supply and the gender wage Gap: Evidence for Colombia and the United States," Archivos de Economía 3452, Departamento Nacional de Planeación.
    12. Ignacio Lozano & Hernán Rincón & Miguel Sarmiento & Jorge Ramos, 2008. "Regla fiscal cuantitativa para consolidar y blindar las finanzas públicas de Colombia," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 10(19), pages 311-352, July-Dece.
    13. Enrique PINZON GARCIA & Oscar M. VALENCIA ARANA, 2006. "The Determinants of Colombian Firm´s Debt-Asset Ratio (1997-2003)," Archivos de Economía 3582, Departamento Nacional de Planeación.
    14. Hernán Rincón & Jenny Berthel & Miguel Gómez, 2003. "Balance fiscal estructural y cíclico del gobierno nacional central de Colombia, 1980-200," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 21(44), pages 12-62, December.
    15. Garcia, D & Granda, C, 2019. "Informalidad, ciclos económicos y política fiscal: una exploración de los nexos," Documentos de trabajo - Alianza EFI 18984, Alianza EFI.
    16. repec:bdr:ensayo:v::y:2003:i:44:p:12-62 is not listed on IDEAS
    17. Maria Otilia Orozco, 2005. "Colombia's Higher Education Quality Control System and Potential for Further Development," Archivos de Economía 2139, Departamento Nacional de Planeación.
    18. Carlos Alberto CASTRO IRAGORRI, 2003. "Yet another lagging, coincident and leading index for the Colombian economy," Archivos de Economía 3785, Departamento Nacional de Planeación.
    19. Diego F. ANGEL-URDINOLA, 2004. "A Minimum Wage Increase Can Have an Adverse Distributional Impact:The case of Colombia," Archivos de Economía 1922, Departamento Nacional de Planeación.

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    More about this item

    Keywords

    Balance fiscal; Reglas fiscales; Política fiscal;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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