[vc_section][vc_row equal_height=”yes” content_placement=”top”][vc_column][vc_row_inner equal_height=”yes” content_placement=”top”][vc_column_inner width=”1/3″][vc_column_text el_class=”country-summary-score”]

Transparency

50

out of 100
Read More

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Public Participation

15

out of 100
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Budget Oversight

68

out of 100
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[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]IBP considers countries that score above 60 on the Open Budget Index as providing sufficient budget information to enable the public to engage in budget discussions in an informed manner. IBP considers countries scoring above 60 on participation and oversight as providing adequate opportunities for the public to participate in the budget process and providing adequate oversight practices, respectively.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator color=”white” border_width=”10″][/vc_column][/vc_row][/vc_section][vc_section el_id=”transparency”][vc_row equal_height=”yes” content_placement=”top”][vc_column][vc_column_text]

Transparency (Open Budget Index)

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50

out of 100

[/vc_column_text][/vc_column][vc_column width=”5/6″][vc_column_text]Colombia provides the public with limited budget information.
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Recommendations for Improving Transparency

Colombia should prioritize the following actions to improve budget transparency:

  •  Publish a Mid-Year Review online.
  • Publish in a timely manner a Citizens Budget online.
  • Increase the information provided in the Executive’s Budget Proposal, providing more detail on budget performance measures, linking the budget more closely to policy, and providing more information on the macroeconomic forecast and its potential effect on the budget.

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Public Participation

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15

out of 100

[/vc_column_text][/vc_column][vc_column width=”5/6″][vc_column_text]Colombia provides few opportunities for the public to engage in the budget process.[/vc_column_text][/vc_column][/vc_row][vc_row equal_height=”yes” content_placement=”top”][vc_column width=”1/2″ el_class=”country-summary”][vc_progress_bar values=”%5B%7B%22label%22%3A%22Global%20Average%22%2C%22value%22%3A%2212%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%23d2d2d2%22%7D%2C%7B%22label%22%3A%22Brazil%22%2C%22value%22%3A%2235%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Peru%22%2C%22value%22%3A%2222%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Colombia%22%2C%22value%22%3A%2215%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%23ff7a22%22%7D%2C%7B%22label%22%3A%22Argentina%22%2C%22value%22%3A%2213%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Bolivia%22%2C%22value%22%3A%2213%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Chile%22%2C%22value%22%3A%2211%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Paraguay%22%2C%22value%22%3A%2211%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Venezuela%22%2C%22value%22%3A%227%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%2C%7B%22label%22%3A%22Ecuador%22%2C%22value%22%3A%226%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%230087d1%22%7D%5D” bgcolor=”custom” title=”How Does Public Participation Compare to Other Countries in the Region?” units=”/100″ el_class=”country-summary” custombgcolor=”#ffffff” customtxtcolor=”#333333″][/vc_column][vc_column width=”1/2″][vc_column_text]

Recommendations for Improving Participation

Colombia should prioritize the following actions to improve public participation in its budget process:

  • Pilot mechanisms that will provide opportunities for members of the public and executive branch officials to exchange views on national budget matters during the formulation of the national budget and the monitoring of its implementation. These mechanisms could build on innovations, such as participatory budgeting and social audits. For examples of such mechanisms, see fiscaltransparency.net/mechanisms.
  • Hold legislative hearings on the formulation of the annual budget, during which any member of the public or civil society organizations can testify.

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Budget Oversight (by Legislature & Audit)

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68

out of 100

[/vc_column_text][/vc_column][vc_column width=”5/6″][vc_column_text]The legislature and supreme audit institution in Colombia provide adequate oversight of the budget.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_progress_bar values=”%5B%7B%22label%22%3A%22Formulation%2FApproval%22%2C%22value%22%3A%2276%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%23d2d2d2%22%7D%2C%7B%22label%22%3A%22Execution%2FAudit%22%2C%22value%22%3A%2240%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%23d2d2d2%22%7D%5D” bgcolor=”custom” title=”To What Extent Does the Legislature Provide Budget Oversight?” units=”/100″ el_class=”country-summary” custombgcolor=”#ffffff” customtxtcolor=”#333333″][vc_column_text]The legislature provides adequate oversight during the budget cycle. This score reflects that the legislature provides adequate oversight during the planning stage of the budget cycle and weak oversight during the implementation stage of the budget cycle.[/vc_column_text][/vc_column][/vc_row][vc_row equal_height=”yes” content_placement=”top”][vc_column][vc_progress_bar values=”%5B%7B%22label%22%3A%22Adequate%22%2C%22value%22%3A%2283%22%2C%22color%22%3A%22custom%22%2C%22customcolor%22%3A%22%23d2d2d2%22%7D%5D” bgcolor=”custom” title=”To What Extent Does the Supreme Audit Institution Provide Budget Oversight?” units=”/100″ el_class=”country-summary” custombgcolor=”#ffffff” customtxtcolor=”#333333″][vc_column_text]

The supreme audit institution provides adequate budget oversight.

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Recommendations for Improving Oversight

Colombia should prioritize the following actions to make budget oversight more effective:

  • Ensure a legislative committee examines in-year budget implementation and publishes reports with recommendations online.
  • Ensure audit processes are reviewed by an independent agency.
  • Publish the reports of the independent fiscal institution on cost estimates of new policy proposals online.

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Learn More

The information on this page presents a partial country summary. For more detailed information, please download:

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