Publication:
Fiscal Policy in Colombia : Tapping Its Potential for a More Equitable Society

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dc.contributor.authorMoller, Lars Christian
dc.date.accessioned2012-06-29T19:15:16Z
dc.date.available2012-06-29T19:15:16Z
dc.date.issued2012-06
dc.description.abstractColombia has the seventh highest Gini coefficient of income inequality in the world. The Santos Administration is aware of this challenge and is taking important measures to reduce disparities. The government is also aspiring to join the OECD, which exhibits much lower income disparities, mainly as a result of effective policies of fiscal redistribution. In Colombia, meanwhile, direct taxes, indirect taxes, and monetary transfers hardly dent the high Gini coefficient. To reduce income inequality, Colombian policy makers could consider introducing a more progressive tax-transfer system. This paper ranks alternative inequality-reducing fiscal policy options based on their effectiveness. It argues that there are potentially important redistributive potential gains available from tax reforms if combined with good spending decisions. It presents an illustrative reform package that would be sufficient for Colombia to reach levels of inequality similar to Chile or Costa Rica in a fiscally neutral manner. Nonetheless, further analysis is needed to explore all available policy options and identify those best suited for Colombia.en
dc.identifierhttp://documents.worldbank.org/curated/en/2012/06/16383116/fiscal-policy-colombia-tapping-potential-more-equitable-society
dc.identifier.doi10.1596/1813-9450-6092
dc.identifier.urihttps://hdl.handle.net/10986/9323
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 6092
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectBANK POLICY
dc.subjectBENEFICIARIES
dc.subjectBENEFICIARY
dc.subjectBENEFIT INCIDENCE
dc.subjectCASH TRANSFER
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT SPENDING
dc.subjectCOEFFICIENTS
dc.subjectCOMMODITIES
dc.subjectCONSTITUTIONAL COURT
dc.subjectCONSUMERS
dc.subjectCOST EFFECTIVENESS
dc.subjectDEBT
dc.subjectDERIVATIVE
dc.subjectDERIVATIVES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT POLICY
dc.subjectDISPOSABLE INCOME
dc.subjectDISTRIBUTION OF INCOME
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEFFICIENCY IMPACT
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectESTIMATED TAX
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL TRANSACTION
dc.subjectFISCAL BALANCE
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL IMPACT
dc.subjectFISCAL POLICY
dc.subjectFISCAL SAVINGS
dc.subjectFISCAL SPACE
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFOOD PRICES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGDP
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL STANDARDS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHOLDING
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME GROUP
dc.subjectINCOME INEQUALITY
dc.subjectINCOME LEVELS
dc.subjectINCOME SUBSIDY
dc.subjectINCOME TAX EXEMPTION
dc.subjectINCOME TAX REFORM
dc.subjectINDIRECT SUBSIDY
dc.subjectINDIRECT TAXATION
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTEREST INCOME
dc.subjectINTEREST PAYMENTS
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORY
dc.subjectLABOR MARKET
dc.subjectLEGAL CONSTRAINTS
dc.subjectLEVY
dc.subjectLIVING STANDARDS
dc.subjectMARKET TRANSACTIONS
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE INCOME COUNTRY
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY FUND
dc.subjectMORTGAGE
dc.subjectMORTGAGE INTEREST
dc.subjectNATIONAL DEVELOPMENT
dc.subjectNATURAL RESOURCE
dc.subjectNET BENEFITS
dc.subjectNET REVENUE
dc.subjectNUMERICAL VALUE
dc.subjectOPTIMAL TAXATION
dc.subjectPAYROLL TAX
dc.subjectPAYROLL TAXES
dc.subjectPENSION
dc.subjectPENSION CONTRIBUTIONS
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEM
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAX
dc.subjectPERSONAL INCOME TAXES
dc.subjectPOLICY ALTERNATIVES
dc.subjectPOLICY INSTRUMENT
dc.subjectPOLICY MAKERS
dc.subjectPOLICY OBJECTIVES
dc.subjectPOLICY RECOMMENDATIONS
dc.subjectPOLICY REFORM
dc.subjectPOLICY REFORMS
dc.subjectPOLITICAL ECONOMY
dc.subjectPROGRESSIVE TAX
dc.subjectPROGRESSIVE TAXATION
dc.subjectPROTECTIONISM
dc.subjectPUBLIC CREDIT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC OUTLAYS
dc.subjectPUBLIC PENSION
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC SPENDING
dc.subjectREAL ESTATE
dc.subjectREDISTRIBUTION
dc.subjectREDISTRIBUTIVE EFFECTS
dc.subjectREDISTRIBUTIVE IMPACT
dc.subjectREDISTRIBUTIVE POLICIES
dc.subjectREGRESSIVE TAX
dc.subjectREMOTE AREAS
dc.subjectREPLACEMENT RATES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVENUE GAINS
dc.subjectREVENUE MOBILIZATION
dc.subjectREVENUE SOURCE
dc.subjectSAVINGS ACCOUNT
dc.subjectSAVINGS ACCOUNTS
dc.subjectSECTORAL COMPOSITION
dc.subjectSOCIAL PROTECTION
dc.subjectSPECIAL SAVINGS
dc.subjectSUBNATIONAL
dc.subjectSUBNATIONAL ENTITIES
dc.subjectTAX
dc.subjectTAX AUTHORITY
dc.subjectTAX BASE
dc.subjectTAX BREAKS
dc.subjectTAX BURDEN
dc.subjectTAX CONTRIBUTIONS
dc.subjectTAX EXEMPTION
dc.subjectTAX EXEMPTIONS
dc.subjectTAX EXPENDITURE
dc.subjectTAX EXPENDITURES
dc.subjectTAX INCENTIVES
dc.subjectTAX PAYERS
dc.subjectTAX PAYMENTS
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX REFORM
dc.subjectTAX REFORMS
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SIDE
dc.subjectTAX SYSTEM
dc.subjectTAX SYSTEMS
dc.subjectTAX TREATMENT
dc.subjectTAXABLE INCOME
dc.subjectTAXATION
dc.subjectTAXATION POLICY
dc.subjectTOTAL EMPLOYMENT
dc.subjectTRANSACTION
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectVALUE ADDED TAX
dc.subjectVALUE ADDED TAXES
dc.subjectWEALTH
dc.subjectWEALTH TAX
dc.subjectWEALTH TAXES
dc.titleFiscal Policy in Colombia : Tapping Its Potential for a More Equitable Societyen
dspace.entity.typePublication
okr.crossref.titleFiscal Policy in Colombia: Tapping its Potential for a More Equitable Society
okr.date.disclosure2011-06-01
okr.date.doiregistration2025-04-10T10:57:13.769529Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2012/06/16383116/fiscal-policy-colombia-tapping-potential-more-equitable-society
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid287881468242403748
okr.identifier.doi10.1596/1813-9450-6092
okr.identifier.externaldocumentum000158349_20120615144304
okr.identifier.internaldocumentum16383116
okr.identifier.reportWPS6092
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/15/000158349_20120615144304/Rendered/PDF/WPS6092.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryColombia
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.topicTaxation and Subsidies
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEconomic Theory and Research
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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