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Dissemination Standards Bulletin Board Special Data Dissemination Standard (AS PROVIDED TO THE IMF BY THE RESPECTIVE COUNTRY)   Colombia Central government operations Last Posted: Jan-29-2009 Last Certified: Oct-3-2008 Last Updated: Mar-31-2005 Contact Person(s)          Printer Friendly Page   Mrs. Viviana Lara Castilla, Viceministerio Tecnico, Ministry of Finance and Public Credit, Carrera 8 No. 6 - 64, Santafé de Bogotá, D.C., Colombia   Phone : 57 1 3811700 / 3812304   Fax : 57 1 3812312/ 3812158   Email : vlara@minhacienda.gov.co  Dissemination Formats Summary Methodology Access National Summary Data Page Cross-country comparisons: access the DSBB metadata query facility

The Data: Coverage, Periodicity, and Timeliness
Coverage characteristics	5.1.1 Statistical presentation Data are disseminated in billions of Colombian pesos. Data are disseminated on:   revenue;   expenditure (with interest payments separately identified);   the overall balance (deficit/surplus); and   financing broken down into:    foreign and domestic financing, with domestic financing further broken down by debt holder into:   bank and   nonbank. The fiscal year is the same as the calendar year.
Periodicity	4.1.1 Periodicity Monthly
Timeliness	4.1.2 Timeliness One month after the end of the reference month.
Access by the Public
Advance dissemination of release calendar	5.1.3 Advance release calendar An advance release calendar giving one-quarter ahead notice of the precise release dates is dissseminated on the Dissemination Standards Bulletin Board of the IMF (http://dsbb.imf.org). A note to this effect is published in "Revista del Banco de la Republica".
Simultaneous release to all interested parties	5.1.4 Simultaneous release The data are released simultaneously to all interested parties by publishing the monthly "Revista del Banco de la República" and the monthly "Informe Financiero" of the Controller-General of the Republic.
Integrity
Dissemination of terms and conditions under which official statistics are produced, including those relating to the confidentiality of individually identifiable information	0.1.1 Responsibility for collecting, processing, and disseminating statistics Ministerio de Hacienda y Credito Publico There is no single law or formal arrangement defining the specific responsibilities of the varios public sector units working on the compilation of fiscal statistics. The Organic Budget Law (Decree 111 of 1996) published in the "Diario Oficial" (Official Gazette) 42692 of January 18, 1996 establishes the functions to be performed by CONFIS, including the supervision of the Financial Plan, which requires regular monitoring of the nonfinancial public sector. Decree 085 of 1995 published in the "Diario Oficial" (Official Gazette) 41673 of January 10, 1995, requires that the Dirección General de Crédito Público (General Directorate of Public Credit) provide the Unidad Administrativa de Contabilidad Nacional (National Accounting Administrative Unit) with a general statement of the national government's domestic and external debt. Decree 085 of 1995, published in the official gazette Diario Oficial 41673 of January 10, 1995 requires the Public Credit Directorate to supply the financial data on the national government’s public debt to the National Accounting Office. The Decree is 085 of 1995 is available in Spanish, from the Ministry of Finance and Public Credit. Central government operations The data on central government operations are published by the Ministerio de Hacienda y Credito Publico as a service to the public. 0.1.3 Confidentiality of individual reporters' data Ministerio de Hacienda y Credito Publico Under the terms of the Constitution, the data on NFPS are not confidential. 0.2.1 Staff, facilities, computing resources, and financing The AFPC appears to have sufficient staff to perform its duties but needs more computing resources. 0.4.2 Quality monitoring Process are in place to monitor the quality of report received. However, there is not system to monitor the quality of statistical programs, except through staff meetings to follow progress of the work progam and identify emerging issues associated with the quality of statistics compiled. 1.2.1 Disclosure of terms and conditions for statistical collection, processing, and dissemination Ministerio de Hacienda y Credito Publico The Law is published only in Spanish and may be purchased by the public at Ministerio de Hacienda y Credito Publico offices. Decree 085 of 1995 is available in Spanish at the Ministry of Finance and Public Credit.
Identification of internal government access to data before release	1.2.2 Internal governmental access to statistics prior to release No government officials outside the Ministerio de Hacienda y Credito Publico have access to the data before they are published.
Identification of ministerial commentary on the occasion of statistical releases	1.2.3 Attribution of statistical products The data are published without commentary.
Provision of information about revision and advance notice of major changes in methodology	4.3.1 Revision schedule Final data on National Central Government operations are available to the public one quarter after the end of the fiscal year. 4.3.2 Identification of preliminary and/or revised data The data are provisional when first published and are subject to revision. Any revisions to the data are accompanied with corresponding explanatory notes in subsequent publications. 1.2.4 Advance notice of major changes in methodology, source data, and statistical techniques. Major changes in methodology are announced to the public at the time the data are released.
Quality
Dissemination of documentation on methodology and sources used in preparing statistics	5.2.1 Dissemination of documentation on concepts, scope, classifications, basis of recording, data sources, and statistical techniques The publications containing Nonfinancial public sector operations data do not include methodological notes on the compilation of data. However, the methodology used can be found in the IMF's "A Manual on Government Finance Statistics". A copy of the Manual is available to the public at the library of the Ministerio de Hacienda y Credito Publico (Phone: 57 1 2433110) and that of the Banco de la República (Phone: 57 1 2438895). (See also summary methodology)
Dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness	4.2.1 Internal consistency The Ministerio de Hacienda y Credito Público's "Documentos CONFIS" and "Indicadores de Coyuntura Económica", and the Banco de la República's "Revista del Banco de la República" publish monthly time series data on National Central Government operations for the period since 1995, as follows:    income [revenue] broken down into:    tax (domestic and foreign) and   nontax; and expenditure, broken down into:    expenditure on operations,   expenditure on debt service, and   expenditure on investment.   The monthly "Informe Financiero" published by the Office of the Controller General of the Republic disseminates actual cash operations of the central government, in addition to information on the budgetary execution of the central government revenues and payments of the current year and the previous year. 4.2.2 Temporal consistency The AFPC traditionally reviews the temporal consistency of the data (monthly data added to quarters and sum of quarterly data equals annual data). Data are also compared with equivalent periods for early years. The Banco de la Republica's Internet website disseminates the following series: Revenue: Annual series from 1985, monthly from 1995. Outlays: Annual series from 1985, monthly from 1995. Interest:  Annual series from 1985, monthly from 1995. Deficit or Surplus: Annual series from 1985, monthly from 1995. Domestic Financing: Annual series from 1985, monthly from 1995. External Financing: Annual series from 1985, monthly from 1995. 4.2.3 Intersectoral and cross-domain consistency The data on government finance may also be cross-checked with the balance of payments and banking data.   However, there is no routine reconcilition of GFS with other macroenonomic sectors. 5.1.2 Dissemination media and format The Ministerio de Hacienda y Credito Público's "Documentos CONFIS" and "Indicadores de Coyuntura Económica." The Banco de la República's "Revista del Banco de la República." The monthly "Informe Financiero" published by the Office of the Controller General of the Republic. CD-ROM.
Footnotes Last posted: Date IMF staff last posted an update to these metadata on the DSBB. Last certified: Date subscriber last officially certified the accuracy of these metadata. Last updated: Date subscriber last submitted an update of these metadata to the IMF.