Due to higher inflation and to finance mainly inversions in public works and pensioners and pensioners bonuses assigned to March, April and now May, by the way, The government increased current expenditures by $17,446.7 million and capital expenditures by $28,944.8 million. That $46,391.5 million total was partially funded by higher revenues ($24,044.2 million), resulting in a financial shortfall of $22,347.3 million.
This results from the administrative decision 356/23 of the Chief of Staff, according to the 312 forms, published in the Official Gazette, according to the calculations of the ASAP (Argentine Budget Association).
This is the fifth budget change given that a large part of the appropriations approved in the budget have proved to be insufficient due to skyrocketing inflation.
The main budget increase corresponds to ANSeS –– 114,020.2 million dollars – “for the payment of the extraordinary contribution provided for by decree n. 105 of February 28, 2023”, referring to the bonus of up to 15,000 dollars granted for 3 months starting in March to pensioners and pensioners with lower wages .
With the same aim, the budget of the National Disability Agency to meet the payment of the extraordinary contribution envisaged by the Decree of 28 February 2023, n. 105.
THE National Highways Directorate receives a reinforcement of $10,525,296,021 for resurfacing works on national roads.
The Ministry of Economy receives a reinforcement of 9,783.5 million dollars to “address expenses related to the various activities of Program 53 – Coordination of cross-sectional and federal funding and production assistance”, continues with the project “Promotion of tools of Risk Mitigation and Financing Investments in Renewable Energy and Energy Efficiency” and strengthen items to assist personnel expenses.
The chief of staff increases its balance sheet credit by $5,551.5 million, of which $3,067 million is for the Argentine company of Satellite Solutions SA (AR-SAT).
These and other expenses are largely financed by cutting $-204,489 million in Payment Obligations, leaving a financial deficit of $22,347.3 million.
Source: Clarin
