Colombia Technical Assistance Report-Reforming Energy Pricing

Energy Subsidy Reform is a key pillar of Colombia’s national development plan. Rising fiscal challenges in Colombia—which have been exacerbated by the adjustment costs associated with recent large migration flows from Venezuela—can risk derailing the government from their commitment to meet both its...

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Bibliographic Details
Corporate Author: International Monetary Fund Fiscal Affairs Dept
Format: eBook
Language:Spanish
Published: Washington, D.C. International Monetary Fund 2019
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Colombia 
653 |a Energy: Demand and Supply 
653 |a Inflation 
653 |a Public finance & taxation 
653 |a Investments: Energy 
653 |a Deflation 
653 |a Electricity 
653 |a Energy subsidies 
653 |a Fuel prices 
653 |a Price Level 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Expenditures, Public 
653 |a Electric Utilities 
653 |a Macroeconomics 
653 |a Prices 
653 |a Investment & securities 
653 |a Communications in revenue administration 
653 |a Energy industries & utilities 
653 |a Public Finance 
653 |a Revenue 
653 |a Electric utilities 
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520 |a Energy Subsidy Reform is a key pillar of Colombia’s national development plan. Rising fiscal challenges in Colombia—which have been exacerbated by the adjustment costs associated with recent large migration flows from Venezuela—can risk derailing the government from their commitment to meet both its headline deficit target of 2.4 percent in 2019 and its structural deficit target by 2022, under the existing fiscal rule. The government is committed to embark on a reform strategy that aims at safeguarding the fiscal framework. Energy subsidy reform is one element of the government’s strategy to address fiscal pressures. It is also consistent with efforts to enhance spending efficiency and free up additional fiscal resources for development needs, in line with the recommendations made by the expert commission on spending