Fiscal Reform in Colombia: Problems and Prospects
- Richard M. Bird() (University of Toronto)James M. Poterba() (MIT)Joel Slemrod() (University of Michigan)
AbstractColombia, once a model of fiscal discipline for other Latin American nations, has seen its fiscal situation deteriorate since the early 1990s. Higher government spending, taxes that did not keep pace with expenditures, and severe recession led to an unsustainable debt-to-GDP ratio of 52 percent in 2002. Short-term tax increases, even coupled with spending reforms, have not restored Colombia to fiscal balance. A Colombian government commission charged with researching more long-term tax and fiscal reforms gave rise to the selected essays included in this book, each coauthored by Colombian and North American public finance experts. The analyses and recommendations have particular policy relevance for developing economies in general. The studies include both broad discussions of Colombian fiscal and tax systems and detailed analyses of such specific tax instruments as the payroll tax, value-added tax, and the bank debit tax. The focus is on three key concerns: the sustainability of Colombia's fiscal situation, possible reforms to the national tax system, and the fiscal relationship between the national and subnational governments. The theme that emerges from these studies -- the importance of moving toward a more efficient and equitable tax system while also raising revenue -- suggests the limitations of stopgap measures and the real need for long-term fiscal reform.
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- Jorge Martinez-Vazquez & Richard M. Bird, 2014. "Sustainable development requires a good tax system," Chapters,in: Taxation and Development: The Weakest Link?, chapter 1, pages 1-24 Edward Elgar Publishing.
- Richard M. Bird & Eric M. Zolt, 2014.
"Taxation and inequality in the Americas: Changing the fiscal contract?,"
Chapters,in: Taxation and Development: The Weakest Link?, chapter 7, pages 193-237
Edward Elgar Publishing.
- Richard M. Bird & Eric M. Zolt, 2013. "Taxation and Inequality in the Americas: Changing the Fiscal Contract?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1322, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Richard M. Bird & Eric M. Zolt, 2013. "Taxation and Inequality in the Americas: Changing the Fiscal Contract?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1315, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- World Bank, 2009. "Colombia - Decentralization : Options and Incentives for Efficiency - Sector Annexes," World Bank Other Operational Studies 3097, The World Bank.
- Roy Bahl, 2014.
"A retrospective on taxation in developing countries: Will the weakest link be strengthened?,"
Chapters,in: Taxation and Development: The Weakest Link?, chapter 12, pages 405-442
Edward Elgar Publishing.
- Roy Bhal, 2013. "A Retrospective On Taxation In Developing Countries: Will The Weakest Link Be Strengthened?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1318, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Richard M. Bird & Jorge Martinez-Vazquez (ed.), 2014. "Taxation and Development: The Weakest Link?," Books, Edward Elgar Publishing, number 15750.
- Echavarría Juan José & María Angélica Arbeláez & María Fernanda Rosales, 2006.
"La productividad y sus determinantes:el caso de la industria colombiana,"
Revista Desarrollo y Sociedad,
Universidad de los Andes - CEDE, June.
- Juan José Echavarría & María Angélica Arbeláez & María Fernanda Rosales, 2006. "La Productividad y sus Determinantes: El Caso de la Industria Colombiana," BORRADORES DE ECONOMIA 003063, BANCO DE LA REPÚBLICA.
- Juan José Echavarría & María Angélica Arbeláez & María Fernanda Rosales, 2006. "La Productividad y sus Determinantes: El Caso de la Industria Colombiana," Borradores de Economia 374, Banco de la Republica de Colombia.
- Olivera, Mauricio & PachÃ³n, MÃ³nica & Perry, Guillermo, 2011. "The Political Economy of Fiscal Reform: The Case of Colombia, 1986-2006," IDB Publications (Working Papers) 1718, Inter-American Development Bank.
- World Bank, 2009. "Colombia - Decentralization : Options and Incentives for Efficiency - Main Report," World Bank Other Operational Studies 3096, The World Bank.
- Jaimes, Richard, 2016. "Estimating Fiscal Adjustments at the Local Level in Colombia," MPRA Paper 75507, University Library of Munich, Germany.
- repec:gig:joupla:v:3:y:2011:i:1:p:65-98 is not listed on IDEAS
- James Alm & James C. Cox & Vjollca Sadiraj, 2018. "Audit State Dependent Taxpayer Compliance: Theory and Evidence from Colombia," Experimental Economics Center Working Paper Series 2018-06, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
- Eduardo Wiesner, 2011. "Colombia: la percepción de justicia distributiva y la demanda política por estabilidad macroeconómica," Documentos CEDE 008739, Universidad de los Andes - CEDE.
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Keywordscolombia; recession; government; tax systems;
- H0 - Public Economics - - General
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