Budget: reduce the projected deficit by $ 18,044 million

For the second time, the government managed to reduce the deficit foreseen in the National Budget. Done through a further decline in “reserve” funds. of the National Treasury, a “stock exchange” at the service of various areas of the public and private sector (“Obligations of the Treasury”) and in subsidies to gas producers (Energy).

In this way, in total, the national administration’s estimated primary and financial deficits were reduced by $ 18,044 million, due to a reduction in spending of $ 9,721 million and an increase in funding of $ 8,220 million.

In August there was also a cut in capital expenditure (investments) concentrated in Education, Healthcare and Public Workswith a net deficit reduction of $ 128,000 million.

The data comes from the Congressional Budget Office (OPC) on the basis of the 255 forms of Administrative Decisions 879 and 880/2022 of the Chief of Staff, who, instead, explains: “As a consequence of the budget extension (Budget 2021) which provides for exceptions to the limitation of the approval assignments and teaching hours “,” compensation between different jurisdictions and an increase of 1,043 seats in the National Institute of Industrial Technology, dependent on the Ministry of Social Development “are envisaged.

In essence, the item of the Bonds held by the Treasury (a “reserve” to meet the higher expenses that could arise during the year) is reduced by 96,863 million dollars. And they help fund spending increases in other jurisdictions that have higher credit needs, to the tune of $ 87,142 million, leaving a positive balance. of $ 9,721 million.

Net ongoing expenses decreased by $ 31,434 million, while capital expenditures increased by $ 21,713 million.

The main changes are:

* The voices of the economic subsidy are reduced by $ 67,940 million, of which $ 29,000 million corresponds to Energy (Plan Gas IV-Gas AR and Propane Gas Producers). Another $ 37,000 million correspond to the reduction in the reserves charged to the Treasury Bonds item.

* social benefits increased by $ 41,343 million due to the increase of the Employment Enhancement Program for Social Development ($ 37,903 million), medical assistance for beneficiaries of Non-contributory Prevention ($ 9,000 million), the accompanying program of the Ministry of women ($ 6,238 million), among others, which is offset by a reduction of $ 8,000 million in the Department of Labor’s REPRO program and $ 14,735 million in other aid from Treasury bonds.

* To deal with the procurement of vaccines and supplies In the context of the Pandemic caused by COVID-19, 665 million dollars are allocated, financed “with the incorporation of resources (for the same amount) by Law No. 27.605 of Solidarity and Extraordinary Contribution to help moderate the effects of the pandemic, which has established a mandatory extraordinary contribution linked to the patrimony of human persons, in an emergency and only once, to help mitigate the effects of said pandemic ”, as stated in DA 880.

* staff Price They rise by over 30,000 million dollars, which are also financed with a decrease in the credit of Treasury Bonds (25,517 million dollars) which finance increases for the Court of Cassation (3,305 million dollars), Council of the Judiciary (2,308 million dollars) “In the case of ANSeS, the $ 4.5 billion increase is funded with a higher estimate of income from social security contributions and contributions,” the report said.

* Transfers in the province decrease of 8,512 million dollars, “mainly due to the reduction in credits corresponding to the Agricultural Risk Management Policy Program (3,500 million dollars) and to the Federal Program for productive reconversion and support for livestock activities (5,000 million dollars).

* Foreign currency debt commission expenses increase of $ 2,502 million.

* Increases in capital expenditure are divided into 16,321 million dollars to provinces and municipalities (for transport and water resources, to national universities (1,765 million dollars) and to public companies and real direct investments (7,798 million dollars)