El gasto público en Colombia: Reflexiones y propuestas

The following reflections and proposals from the Academy concludes that the Colombian fiscal expenditure should not only be more efficient but should increase to finance public goods necessary for the development of the country. The fiscal expenditure in Colombia is much lower than in other countries with responsible spending policies, such as the other members of the OECD, and the growth of the debt is not alarming. This implies a structural tax reform, greater transparency in government decisions and in public expenditure, the elaboration of a multi-year budget organized by programs, the improvement of the territorial fiscal management, and a major decision in the combat against corruption.