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vol.22 issue39LA FINANCIACIÓN DE LAS EMPRESAS EN LAS PERSPECTIVAS DE MODIGLIANI-MILLER Y WILLIAMSONAPLICACIÓN DE LA TEORÍA DEL PORTAFOLIO EN EL MERCADO ACCIONARIO COLOMBIANO author indexsubject indexarticles search
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Cuadernos de Economía

Print version ISSN 0121-4772

Abstract

CHAVES, Álvaro Hernando. LA RESTRICCIÓN INTERTEMPORAL DEL PRESUPUESTO. UNA EVALUACIÓN EMPÍRICA PARA EL GOBIERNO NACIONAL CENTRAL DE COLOMBIA, 1950-2010. Cuad. Econ. [online]. 2003, vol.22, n.39, pp.99-128. ISSN 0121-4772.

This document analyses the Colombian government’s fiscal sustainability using Inter-temporal Budget Restriction. Empirical results reveal that current fiscal strategy is sustainable; nevertheless, long-term problems regarding insolvency can be foreseen, implying a greater primary surplus being generated in comparison with that being currently programmed. The foregoing can be sustained by fiscal sustainability indicators’ estimated values.

Keywords : sustainability; solvency; international-temporal budget restriction.

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