Author :
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ISBN 13 :
Total Pages : 93 pages
Book Rating : 4.:/5 (17 download)
Book Synopsis International Bank for Reconstruction and Development Program Document for a Proposed Loan in the Amount of US$ 100 Million for the Republic of Colombia for a Third Programmatic Fiscal and Institutional Structural Adjustment Loan by :
Download or read book International Bank for Reconstruction and Development Program Document for a Proposed Loan in the Amount of US$ 100 Million for the Republic of Colombia for a Third Programmatic Fiscal and Institutional Structural Adjustment Loan written by and published by . This book was released on 2005 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Third Programmatic Fiscal and Institutional Structural Adjustment Loan Project within the program will focus primarily on the following key policy actions: a) acceleration of the phase-out of tax exemptions for profits of certain firms; b) increased revenues derived from improvements in tax administration of at least 0.3 percent of GDP, between 2003 and 2004, while maintaining DIAN - Direccion de Impuestos y Aduanas Nacionales - administrative costs per peso collected, below 0.96 percent; c) submission of a new budget law to improve the overall budgeting framework, complementing the 2003 Fiscal Responsibility Law; d) further improvements in the royalty transfer system, including restructuring of the National Royalty Fund; e) implementation of the legal defense of the State policy; f) establishment of oversight bodies for both procurement and asset management; g) compliance with the pilot management contracts with ICBF - Institution Colombiano de Binestar Familiar - and SENA - Servicio Nacional de Aprendizaje; and, h) further progress in the monitoring system for the public sector reform process.