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FISCAL POLICY (2000-04) ,[object Object],[object Object]
INTRODUCTON ,[object Object],[object Object],[object Object]
Types of Fiscal Policy ,[object Object],[object Object],[object Object],[object Object]
OBJECTIVES OF THE FISCAL POLICY ,[object Object],[object Object]
OBJECTIVES OF THE FISCAL POLICY ,[object Object],[object Object]
OBJECTIVES OF THE FISCAL POLICY ,[object Object],[object Object]
OBJECTIVES OF THE FISCAL POLICY ,[object Object],[object Object],[object Object],[object Object],[object Object]
HOW FISCAL POLICY WORKS   ,[object Object]
INSTRUMENTS OF FISCAL POLICY ,[object Object],[object Object],[object Object],[object Object],[object Object]
Conted
.. ,[object Object],[object Object]
CONSOLIDATED BUDGET 35 21.8 10.4 8.5 1.9 1.8 22.8 9.7 13.1   39 22.7 10.7 8.4 2.3 2 26.3 10 16.3   42.2 23.5 11 8.3 2.7 3 28.2 9.5 18.7   45.5 22.5 11.4 8.5 2.9 2.7 31.4 8.4 23   Expenditures Non-Interest Expenditures Current Expenditures Personnel Other Investment Transfer Non-Interest Transfer Interest Payments   2004 2003 2002 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
CONSOLIDATED BUDGET 27.9 27.5 23.1 3.9 0.5 0.4   27.9 27.4 23.4 2.8 1.1 0.5   27.2 26.9 21.5 3.9 1.5 0.4   28.8 28.4 22.3 4.2 2 0.3   Revenues General Budget Tax Revenues Non-Tax Revenues Special Revenue and Funds Annexed Budget   2004 2003 2002 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
CONSOLIDATED BUDGET ,[object Object]
CONSOLIDATED BUDGET ,[object Object]
CONSOLIDATED BUDGET 6.1 5.1 -7.0 5.1 4.9 -11.2   3.7 2.5 -15 6.3 4.4 -16.7   Primary Surplus IMF-Defined Primary Surplus Budget Deficit   2004 2003 2001 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
CONSOLIDATED BUDGET ,[object Object]
CONSOLIDATED BUDGET ,[object Object]
PUBLIC FINANCIAL MANAGEMENT AND CONTROL LAW (PFMC LAW - NO: 5018) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
PUBLIC FINANCIAL MANAGEMENT AND CONTROL LAW (PFMC LAW - NO: 5018) ,[object Object],[object Object],[object Object],[object Object],[object Object]
TAX POLICY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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Fiscal Policy2000 04

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  • 11. CONSOLIDATED BUDGET 35 21.8 10.4 8.5 1.9 1.8 22.8 9.7 13.1 39 22.7 10.7 8.4 2.3 2 26.3 10 16.3 42.2 23.5 11 8.3 2.7 3 28.2 9.5 18.7 45.5 22.5 11.4 8.5 2.9 2.7 31.4 8.4 23 Expenditures Non-Interest Expenditures Current Expenditures Personnel Other Investment Transfer Non-Interest Transfer Interest Payments 2004 2003 2002 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
  • 12. CONSOLIDATED BUDGET 27.9 27.5 23.1 3.9 0.5 0.4 27.9 27.4 23.4 2.8 1.1 0.5 27.2 26.9 21.5 3.9 1.5 0.4 28.8 28.4 22.3 4.2 2 0.3 Revenues General Budget Tax Revenues Non-Tax Revenues Special Revenue and Funds Annexed Budget 2004 2003 2002 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
  • 13.
  • 14.
  • 15. CONSOLIDATED BUDGET 6.1 5.1 -7.0 5.1 4.9 -11.2 3.7 2.5 -15 6.3 4.4 -16.7 Primary Surplus IMF-Defined Primary Surplus Budget Deficit 2004 2003 2001 2001 CONSOLIDATED BUDGET BALANCE / GDP (%)
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  • 21. THANK YOU FOR YOUR ATTENTION
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