Colombia - Government Budget Balance

For Colombia, headline government finances (i.e., the non-financial public sector): revenues, expenses, interest expenses, and surplus/deficit; under two methodologies (official statistics and cash operations); quarterly and annual. Reported by the central bank.

Active:

• Measurement: Billions of Colombian pesos (Bil. COL)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequencies:
  • Quarterly
  • Annual
• Start dates:
  • Uniformly 1995Q1
  • Uniformly 1985

Global concept aliases:

• GVBAL
• GVREV
• GVEXT

The source writes:

The "nonfinancial public sector" includes the central national government, social security institutions, the electric sector, national public establishments, regional and local public sector, municipal and state companies, among others. The data contains information on income, expenses, interest, fiscal deficit (-) or surplus (+) and, internal and external financing, under two methodologies:

• The first set ["metodología caja"] corresponds to a measurement of cash operations. This series includes historical information from the National Department of Planning and the latest official data from the Ministry of Finance and Public Credit.
• The second set corresponds to the official statistics, which in addition to cash operations, includes accrual accounting adjustments originated under the Extended Arrangement signed between Colombia and the International Monetary Fund in 1999.

Moody's Analytics supplements

We construct seasonally adjusted counterparts to the headline items (balance, receipts, expenditures) and interest charges. We do so for both methodologies. We use the X-13ARIMA-SEATS program.

Final data on non-financial public sector operations is available to the public two quarters after the end of the fiscal year and are published in the "Documentos CONFIS" of the Ministry of Finance and Public Credit ("Ministerio de Hacienda y Credito Publico (MHCP)").

Further reading

At the source:

• Non-Financial Public Sector (NFPS) (English)
• Data portal: Balance fiscal del sector público no financiero - Gastos - Metodología caja (Spanish)
• Sector público y deuda pública

At IMF (SDDS):

• General government operations (Jan 2023 / Jan 2024)
• Central government operations (Jan 2024 / Jan 2025)

• Nov 2006 - Initial version.
• Jul 2012 - Addendum of SA supplements.
• 13 Jan 2025, Phillip Thorne - Addendum of cash methodology and SA supplements thereof: Description.