CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Military expenditure in Colombia: Macroeconomic and microeconomic aspects

This article analyses defence and security spending (DSS) in Colombia, on the assumption that in order to gain a better idea of the effect of such spending on economic growth and the public finances it would be desirable to analyse its internal composition, since this would make it possible to infer its impact on the production of defence and security. In order to do this, various theories on the repercussions of military expenditure are reviewed and defence and security spending in Colombia is analysed on the basis of information from the Office of the Comptroller-General of the Republic. The efficiency of spending on the armed forces and the National Police is then examined, especially as regards the relations between combat and support and attack and defence, and it is shown that the military forces need to be reorganized. In the conclusions, various ways of securing savings on the defence budget are proposed. The most important of these are connected with personnel management, as payroll expenses represent 73% of total spending. The proposals made in this respect are to modify the system of pay and allowances, increase the retirement age, reduce the number of personnel and restructure the proportions between combat forces and support and administrative personnel.

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