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Los límites de gasto en funcionamiento (ley 617), ¿desincentivan el comportamiento de endeudamiento municipal?

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  • Mahecha Ramírez, Hammer Yesid

    (Universidad de los Andes)

Abstract

Este trabajo examina el efecto local en la deuda pública de los municipios colombianos entre 2005 y 2019, a raíz de los límites sobre los gastos de funcionamiento como proporción de los ingresos corrientes propios sin destinación específica (ICPSDE), establecidos en la Ley 617 de 2000. Estos límites buscan mejorar la autonomía y la solvencia fiscal de los gobiernos territoriales, en respuesta al elevado endeudamiento desde 1991. La política permite abordar la categorización de los municipios como un proceso cuasi aleatorio, establecida desde la Ley 136 (1994). Se utilizó la regresión discontinua para medir el efecto, comparando municipios con ICPSDE similares pero diferentes límites de gasto. Los resultados indican que la Ley 617 no diferencia el comportamiento de endeudamiento de municipios y distritos, lo que sugiere que los límites de gasto en funcionamiento no son efectivos para reducir la deuda, ya que no reflejan una menor necesidad de financiamiento a través de la reducción del déficit estructural. Por lo tanto, no constituyen una herramienta eficaz para disminuir la deuda en los municipios colombianos.

Suggested Citation

  • Mahecha Ramírez, Hammer Yesid, 2024. "Los límites de gasto en funcionamiento (ley 617), ¿desincentivan el comportamiento de endeudamiento municipal?," Documentos CEDE 21200, Universidad de los Andes, Facultad de Economía, CEDE.
    • Handle: RePEc:col:000089:021200
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    References listed on IDEAS

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    More about this item

    Keywords

    Gobiernos Centrales Territoriales; Finanzas Públicas Territoriales; Política Fiscal; Limites de Gastos; Deuda Territorial.;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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