Budget: They increase spending again due to outdated items due to inflation

Due to the obsolescence of the 2023 Budget due to higher inflation and to mainly finance investments in transport and public works, subsidies, salary increases, bonuses and commissions of public debt, among other games, the government carried out an expenditure redistribution of more than $200,000 million and ended up increasing net spending by $21,218 million.

Of the expansion, $5,909.4 million was funded with higher revenue, resulting in a financial deficit of $15,212.4 million.

This emerges from the administrative decision 435/23 of the Chief of Staff, according to the 180 forms published this Thursday in the Official Gazette.

From these forms it follows that there is a expense adjustment – Of more than $200,000 million- which are largely financed by cutting other items, especially that of Payment obligationsreduced by $203,118 million.

In the recitals of the provision it is indicated “that this budget maneuver contemplates, among other things, the strengthening of the appropriations for personnel expenses, in order to meet the current needs in salary issueoperating expenses and equipment, as well as credits for the payment of contributions, fees and miscellaneous transfers”.

Furthermore, it is clarified that “to meet the aforementioned increases, the corresponding reductions are made in various budget items of the jurisdictions concerned”.

It’s about sixth amendment to the budget, given that a large part of the appropriations approved in the 2023 Budget were insufficient due to skyrocketing inflation.

The main budget increases of $60,000 million correspond to the Ministry of Transport, item “Formulation and Execution of Comprehensive Transport Mobility Policies” and another $60,000 million to the Ministry of Labour, Employment and Social Security for ANSeS for the “Supplements to social security benefits”i.e. bonuses for retirees.

An additional $22,080,376,120 goes to various Ministry of Health programs, while the National Disability Agency receives $18,000 million for non-contributory work disability pensions, And press and broadcasting (Cabinet Chief), $13.5 billion.

In turn, 14,800 million dollars are allocated to the Public Debt Service “to enable the attention of the financial services of the public debt corresponding to the commissions of this Financial Year”, as indicated in the preamble to the measure.