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Public revenue and spending in developing countries: Venezuela a study case

Author

Listed:
  • Hugo Contreras

    (Universidad de Los Andes, Instituto de Investigaciones Económicas y Sociales)

Abstract

El propósito de este artículo es examinar el modelo de crecimiento del gasto público en el país, principalmente durante el período 1950-1980. Durante este período los gastos crecieron significativamente; las etapas de ascenso de la economía venezolana han estado ligadas a las grandes inversiones realizadas por el gobierno. La importancia relativa del gasto público es considerable y ha demostrado una tendencia que puede catalogarse, en forma general, de ascendente. Desde 1950 hasta 1958, el gasto público fue, en promedio, el 18,8% del producto territorial bruto, aumentando a 23,0% entre 1959 y 1963. Después de este último año, la relación gasto público a PTB declinó (20,4% como peso promedio) hasta el año 1973. Pero en 1974 se produjo un enorme incremento en comparación a los años anteriores, alcanzando esta relación el 35,6%. Ello se debió principalmente al incremento en los precios del petróleo en el mercado internacional.

Suggested Citation

  • Hugo Contreras, 1993. "Public revenue and spending in developing countries: Venezuela a study case," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 18(8), pages 7-41, January-D.
    • Handle: RePEc:ula:econom:v:18:y:1993:i:8:p:7-41
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    More about this item

    Keywords

    Gasto público; ingreso público; capitalismo de estado.;
    All these keywords.

    JEL classification:

    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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