Skip to Main Navigation

Colombia - Country financial accountability assessment (Inglês)

In recent years Colombia has made important progress in its PFM systems and improved transparency in public finance. Important initiatives include adoption of the 2002 presidential anticorruption plan, improving the administration of publicly owned banks, clarifying responsibilities for managing expenditures among different levels of government, and introducing modem accounting concepts and procedures. These initiatives were supported by the rollout of new information systems covering the budget and local government finances, as well as the monitoring of public procurement. The Government enacted an important Fiscal Transparency and Responsibility Law in 2003, and strengthened the disciplinary code for public servants. The Government also strengthened the laws regulating contingent liability management in 1998, and is building a systematic framework to track and manage contingent liabilities. Systems are being put in place to track counter-guarantees for sub-national governments, lawsuits, and arrears to providers, and two special funds have been established to manage specific contingencies. Despite this progress, there remain problems in managing other liabilities. Among them: The Government has run up significant arrears with providers, largely because anticipated budget allocations from Treasury have been curtailed by revenue shortfalls. In addition, the handling of pension liabilities and contingent liabilities related to lawsuits represents an important financial management weakness. These contingent liabilities are aggravated by the Government's weak capacity to defend itself in court, and a reluctance to pursue legal action against civil servants, which implies that corruption involves little risk. In addition, the legal framework needed to flesh out constitutional mandates is not yet fully in place and is sometimes unclear, particularly in the areas of budget and fiscal control.


  • Data do documento


  • TIpo de documento

    Avaliação da Responsabilização Financeira do País

  • No. do relatório


  • Nº do volume


  • Total Volume(s)


  • País


  • Região

    América Latina e Caribe,

  • Data de divulgação


  • Disclosure Status


  • Nome do documento

    Colombia - Country financial accountability assessment

  • Palavras-chave

    legal framework;economic and sector work;Public Financial Management;fiscal control;budget allocation;public financial management system;modernization of the state;misuse of public funds;legal and regulatory framework;modern public management system;public resource management system;reports on budget execution;international public accounting standards;financial management information system;Tax Policy and Administration;internal control system;public debt;central government debt;contingent liability;contingent liabilities;single account;quality of information;international coffee price;local government structure;law and regulation;Public Debt Management;public debt system;chart of account;education and health;external control system;information management systems;public entity;annual budget;executive branch;medium-term financial plan;central government expenditure;accounting and reporting;classification by program;public sector activity;civil service regulations;institutional management capacity;per capita gnp;tax collection system;public debt operation;gross public debt;public sector modernization;educated labor force;public policy objective;supreme audit institution;lines of responsibility;debt management capacity;house of representative;medium-term expenditure framework;allocating public resources;number of stakeholders;decentralization of tax;accountability for results;provisions of law;cash on hand;capital investment plan;poor financial management;accrual accounting basis;medium-term budget framework;financial management activities;national it policy;Contingent Liability Management;Local Government Finance;local management capacity;Public Expenditure Management;national government revenue;budget execution system;open market operation;public sector entity;public financial accountability;public sector reform;structural adjustment lending;essential social services;social protection system;Natural Resource Management;revenue collection system;investment expenditure;civil society;public finance;fiscal problem;internal debt;e-government system;fiduciary risk;budget process;investment budget;fiscal management;yearly budget;Capital Investments;severely limits;budget formulation;treasury account;budget code;budget planning;Cash flow;fund allocations;budget system;social structure;recent years;financial information;institutional strengthening;capital expenditure;contingency fund;public domain;treasury system;bureaucratic process;medium-term framework;government payment;budget proposal;social progress;public bank;municipal government;financial statement;private investment;direct payment;fiscal difficulties;forested areas;fiscal independence;national revenue;fiscal responsibility;oil production;commercial partners;decentralizing expenditure;financial reporting;Legislative Oversight;information network;Fiscal policies;legal action;fiscal policy;current expenditure;international classification;financial programming;Fiscal Sustainability;Tax Reform;administrative procedure;budgetary responsibility;fiscal period;important change;political pressure;vulnerable sector;congressional debate;resource availability;budgetary flexibility;international standard;political objective;colombian society;legal aspect;capital spending;staff expenditure;automatic transfer;fiscal transparency;fiscal aggregate;budgetary flow;Financial Sector;budgetary allocation;draft legislation;accountability arrangement;fiscal restriction;national budget;debt service;expenditure classification;business interest;budgetary institution;approved revenue;commission basis;debt sustainability;political power;social improvement;primary surplus;program objectives;transparent governance;medium-term planning;employment assistance;data requirement;foster transparency;Judicial Reform;budget monitoring;line item;decentralization process;beneficiary bank;fiscal adjustment;Support for Agriculture;budgetary payment;adjustment operation;existing law;account payable;budget deficit



Versão oficial do documento (pode conter assinaturas, etc.)

  • PDF oficial
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *A versão do texto é um OCR incorreto e está incluído unicamente em benefício de usuários com conectividade lenta.