The reform of the fiscal rule in Colombia
Since the promulgation of the 1991 Constitution, public spending has increased due to a series of rights that the government must guarantee to the population. According to Mauricio Cárdenas, former Minister of Finance, this situation led to an increase in these expenditures, which in the nineties of...
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2024
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/17274 |
| _version_ | 1801705973386051584 |
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| author | Vallejo Zamudio, Luis Eudoro |
| author_facet | Vallejo Zamudio, Luis Eudoro |
| author_sort | Vallejo Zamudio, Luis Eudoro |
| collection | OJS |
| description | Since the promulgation of the 1991 Constitution, public spending has increased due to a series of rights that the government must guarantee to the population. According to Mauricio Cárdenas, former Minister of Finance, this situation led to an increase in these expenditures, which in the nineties of the last century led to a notable fiscal deficit and forced the government to implement a series of reforms and measures to alleviate the fiscal situation. One of these initiatives was the signing of a macroeconomic adjustment agreement with the International Monetary Fund (IMF) in 1999, which led to the formulation of the Medium-Term Fiscal Framework (MTFF) and the Medium-Term Expenditure Framework (MTEF). |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-17274 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2024 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-172742024-04-01T13:08:59Z The reform of the fiscal rule in Colombia La reforma a la regla fiscal en Colombia Vallejo Zamudio, Luis Eudoro Public spending fiscal policy Colombia fiscal rule gasto público política fiscal Colombia regla fiscal Since the promulgation of the 1991 Constitution, public spending has increased due to a series of rights that the government must guarantee to the population. According to Mauricio Cárdenas, former Minister of Finance, this situation led to an increase in these expenditures, which in the nineties of the last century led to a notable fiscal deficit and forced the government to implement a series of reforms and measures to alleviate the fiscal situation. One of these initiatives was the signing of a macroeconomic adjustment agreement with the International Monetary Fund (IMF) in 1999, which led to the formulation of the Medium-Term Fiscal Framework (MTFF) and the Medium-Term Expenditure Framework (MTEF). Desde la promulgación de la Constitución de 1991 se incrementó el gasto público debido a una serie de derechos que el Gobierno debe garantizar a la población. Según Mauricio Cárdenas, exministro de Hacienda, esta situación llevó a un aumento de estas erogaciones que produjo un déficit fiscal notable en los años noventa del siglo pasado y que obligó al Gobierno a implantar una serie de reformas y medidas para paliar la situación fiscal. Una de esas iniciativas fue la firma de un acuerdo de ajuste macroeconómico con el Fondo Monetario Internacional (FMI) en 1999, que dio origen a la formulación del Marco Fiscal de Mediano Plazo (MGMP) y al Marco de Gasto de Mediano Plazo (MGMP). Universidad Pedagógica y Tecnológica de Colombia 2024-01-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/17274 10.19053/uptc.01203053.v43.n77.2024.17274 Apuntes del Cenes; Vol. 43 No. 77 (2024); 7-9 Apuntes del Cenes; Vol. 43 Núm. 77 (2024); 7-9 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/17274/13941 http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Public spending fiscal policy Colombia fiscal rule gasto público política fiscal Colombia regla fiscal Vallejo Zamudio, Luis Eudoro The reform of the fiscal rule in Colombia |
| title | The reform of the fiscal rule in Colombia |
| title_alt | La reforma a la regla fiscal en Colombia |
| title_full | The reform of the fiscal rule in Colombia |
| title_fullStr | The reform of the fiscal rule in Colombia |
| title_full_unstemmed | The reform of the fiscal rule in Colombia |
| title_short | The reform of the fiscal rule in Colombia |
| title_sort | reform of the fiscal rule in colombia |
| topic | Public spending fiscal policy Colombia fiscal rule gasto público política fiscal Colombia regla fiscal |
| topic_facet | Public spending fiscal policy Colombia fiscal rule gasto público política fiscal Colombia regla fiscal |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/17274 |
| work_keys_str_mv | AT vallejozamudioluiseudoro thereformofthefiscalruleincolombia AT vallejozamudioluiseudoro lareformaalareglafiscalencolombia AT vallejozamudioluiseudoro reformofthefiscalruleincolombia |
