Publication: Colombia : Public Expenditure Review
The thrust of the argument in this report is that, from the fiscal policy perspective, Colombia's long term economic performance will best benefit from: lower public sector debt levels; a lower size of public expenditure; a simpler and (almost) neutral tax structure; a closer linkage between revenue and expenditure responsibilities at different government levels; stronger demand incentives and private sector participation in connection with social expenditures and the related public services; improved equity and financial balance of public expenditures on salaries and pensions; and further implementation of a medium term expenditure framework.
“World Bank. 2005. Colombia : Public Expenditure Review. Public expenditure review (PER);. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/d777770d-9bdd-5b0b-9afb-bfc96d87957c License: CC BY 3.0 IGO.”