Due to the trigger of inflation and the lack of the 2022 Budget (not voted on by Congress), the Government has once again increased the authorization of budget expenditures by $ 249,865.8 million compared to what it did in 2021.
On the other hand, revenues improved by $ 105,203 million. As a result, “the impact on financial result is negative by $ 144,662,” according to a report by the Congressional Budget Office (OPC) and the Argentine Budget Association (ASAP) following Administrative Decision (DA) No. 1074/22 published Friday in the Official Gazette.
If all the budget changes approved so far in that year, the total yields $ 5,761,679 million. And surely the government should have more spending increases this year.
Ongoing expenses increased by $ 235,951.0 million and capital expenditures by $ 13,914.8 million, for a total of $ 249,865.8 million.
However, the expense items are higher ($ 541,138.8 million) and are financed with a $ 291,273.0 million cut in “Treasury Obligations”a sort of reserve fund of the Treasury to finance part of the major expenses.
Most of the increase in appropriations for general expenses is concentrated in the Ministry of Social Development (140,728.7 million dollars), basically the programs “Actions of the National Program for Social Productive Inclusion and Local Development – Promoting Work” and “Food Policies”. And the expenses of the Ministry of Labor, Employment and Security (113,773.5 million dollars) must cover the payment of social security benefits and family allowances.
According to the OPC, entries for “Social Programs” increase by $ 153.857 million.
The Ministry of security, for its part, is the third for the increase in spending (87,688.5 million dollars). The games have increased Naval Prefecture of Argentina, Pension Fund, Retirement and Pension Fund of the Federal Police, Airport Security Police and National Gendarmerie.
“To a lesser extent, transfers to Correo Argentino ($ 6,500.0 million), Radio y Televisión Argentina SE (RTA SE) ($ 3,410.0 million), TELAM SE ($ 500.0 million), Matanza Riachuelo Basin Authority ($ 798.5 million), Rio Turbio Carboniferous Deposits ($ 300.0 million), Public Contents SE ($ 40.0 million) and Radio Universidad Nacional del Litoral ($ 5.2 million) ”.
On the revenue side, total resources increased by $ 105,203.8 million (current resources of $ 70,199.2 million and capital resources of $ 35,004.6 million derived primarily from trust funds and other public sector non-financial entities. “
In addition, resources are incorporated for social security contributions and contributions of $ 32,684.4 million, non-tax revenue of $ 26,082.8 million, tax revenue of $ 8,481.3 million, income from the sale of goods and services of $ 2,712, 3 million, among others “, says the ASAP Report.
Source: Clarin
