Necesidades de inversión y escenarios fiscales en Cartagena

Abstract

Cartagena has improved its fiscal position in the recent years. However, the District faces a problem of insufficient budget when the needs of social investment and infrastructure are analyzed and when it is compared to other cities of similar development. This document analyzes the district’s fiscal capacity to meet the demands of required investment. The results show that there are insufficient resources in the medium term and that there is a disparity in the budget execution of revenue and expenditure, which implies that a considerable percentage of funds are being left without running. This situation slows the attention of the investment needs. Additionally, failures in implementation of some projects reflect a poor quality of expenditure that becomes a major barrier to close the social and infrastructural gaps. The central recommendation of work aims to improve fiscal management on the two fronts: revenue and expenditure.