Analysis on the structure of the Contraloria general of the republic and the elements that compose the tax control in Colombia

Abstract

The objective of this document is to bring up the basic concepts about the functioning and structures of the Office of the Comptroller General of Colombia (Contraloría General de la República) as well as the mains features of the monitoring and the control of Colombia’s fiscal management.  The OCGC was created in 1923 as an administrative body. Its main mission was to reorganize public finance and to keep the official accounting register on the Colombian’s public expenditures. Currently, the OCGC has the task to strengthen the monitoring and the control of Colombia’s fiscal management a posteriori within the framework of the 1991 Constitution but also its missions include ensuring the good management of the public’s resources, and a good effectiveness of the expenditures. Sustainable development is a key parameter in this analysis of the current budget control framework, as investment in the environment is an essential element of the current vision of the country's development and guides how public spending in Colombia should be targeted.