Fiscal situation of the district of Barranquilla: incomplete achievements
Keywords:
Debt, future forces, amortization, deficitAbstract
The recent fiscal performance of the District throws significant achievements in tax collections in the management of major domestic transfers, the amortization of a significant portion of the debt that had accumulated and the fulfillment of the second amendment to the Debt Restructuring Agreement. However, as these achievements are incomplete, the difficult fiscal situation is a matter still unresolved, due to the fact that next to the postponement of the amortization of the financial debt - which must be added the interest - has hired new credit obligations and has made widespread use of future forces that in strict economic sense constitute a form of debt. The following Administration of the city will receive as inheritance from the Government to end a debt that will demand valuable fiscal efforts to amortize it, and force to have present that fulfillment of programs of expense - especially targeting the neediest sectors, must be guaranteed without placing in risk the fiscal stability, for which will require a cautious review of the expenses and tributary structure, as well as increase of the efficiency in the collection.
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