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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 1 Subindicators of the Fiscal Efficiency Index

From: The role of policies in transforming regional fiscal structures: an exploratory analysis of spatial data from a policy of fiscal decentralization in Latin America

Subindicator

Description

Calculus

PIGF

Percentage of current income allocated to operating expenses, which represent self-financing of the operating expenses of each municipality

(Operating expenses / current income) * 100%

MD

Magnitude of debt, which is nothing more than the support of debt service

(Debt service / available Income) * 100%

PIT

Percentage of income corresponding to transfers plus Royalties/grants, as a proxy of the dependency on intergovernmental transfers

[(Transfers + Royalties) / Total Income] * 100%

PIRP

Percentage of income corresponding to own resources, which would only be the true generation of resources

(Tax revenue / Current revenue) * 100%

PGI

Percentage of total investment spending, which is the same as the size of the investment

(Investment / Total Expense) * 100%

CA

Saving capacity

(Current savings / Current income) * 100%

  1. Source: own elaboration based on the 2015 annual fiscal performance report published by the DNP