Nicolas Perez - Oficina de Presupuesto del Congreso

FISCAL IMPACT OF BILL S-2835-2022 FOR THE PATAGONIAN OLIVE GROWING PROMOTION REGIME

by Nicolas Perez | Sep 7, 2023 | Cost Estimates

Bill S-2835-2022 proposes a promotion regime to encourage the production and industrial processing of table olives, marketable extra virgin olive oil and its derivatives in the Patagonian region. It proposes the following benefits for producers located in the region and whose production has an extension of up to 15 hectares under agro-ecological conditions: non-reimbursable contributions (ANR), whose maximum amount will be determined by the enforcement authority and loans at subsidized rates.

The estimation of the fiscal impact of the proposed measure would require information on the potential beneficiaries, as well as further specification of other relevant parameters.

FISCAL IMPACT OF BILL S-238-2022 ON LABOR INSERTION OR REINTEGRATION OF WOMEN OVER 45 YEARS OF AGE

by Nicolas Perez | Sep 7, 2023 | Cost Estimates

The project proposes to enable employer contributions as payment on account of national taxes for 12 months (24 months for micro, small and medium-sized companies) and lines of credit at preferential rates for ventures involving this group of women.
The payment of one tax on account of another would not imply any fiscal cost.
The cost of differential loans depends on the rate offered and the market rate.
More information is needed on the number of beneficiaries and other parameters to estimate the eventual cost of the initiative.

FISCAL IMPACT OF THE CREATION OF THE NATIONAL DANCE INSTITUTE – BILL 5950-D-2022

by Nicolas Perez | Sep 6, 2023 | Cost Estimates

The new text of the Bill specifies the composition of the governing body of the National Dance Institute, but not the entire staff.

Personnel and operating expenses are subject to this unspecified structure, so it is not possible to make an estimate of expenditures.

Annual revenues derived from the allocation of current taxes would total ARS1.618 billion at 2023 values, without considering other revenue sources, which are subject to future decisions.

THE OPC TRAINS ON HOW TO READ THE BUDGET BILL

by Nicolas Perez | Sep 5, 2023 | Activities

On Tuesday, September 5, the Argentine Congressional Budget Office (OPC) gave a training course on the interpretation of the Budget Bill to parliamentary advisors.

The workshop was held in the Moreno Frondizi room of the Senate and was attended by advisors from the Budget and Finance Committees of both chambers. The activity was opened by the Director-General of the OPC, Gabriel Esterelles.

The contents were presented by Julieta Olivieri, an analyst of the Directorate of Budget Analysis of the OPC, with the assistance of her colleagues Laura Cafarelli and Romina Muras.

The training course was entitled “Keys to understand the Budget Bill, general content” with the purpose of providing some tools for understanding this initiative before the Executive Branch submits its proposal for the next fiscal year to Congress.

The course is part of a series of activities planned by the OPC to technically assist legislators in this analysis.

Starting on Thursday 7, a virtual workshop of three 90-minute modules will be held: one on general concepts, another on financing and the last one on revenues. This workshop will be open to all advisors of both chambers.

FISCAL IMPACT OF THE BILL ON THE PENSION SYSTEM FOR NON-TEACHING EMPLOYEES OF PUBLIC UNIVERSITIES

by Nicolas Perez | Sep 5, 2023 | Cost Estimates

The purpose of Bill S-801-2023 is to create a special pension system for the non-teaching staff of the National Universities, granting as a benefit 82% of the last salary received and increasing the personal contributions by 2 percentage points for its financing.

The purpose of this report is to assess the fiscal impact of the measure by presenting an estimate of the resources and expenses that the pension system would have. The special regime, in the year 2025 (expected time of stabilization of income and expenses) is estimated to have additional income of ARS935.5 million and additional expenses valued at ARS3.267,7 billion, which would imply an increase in expenditure of ARS2.332,2 billion, equivalent to 0.0004% of the GDP expected for 2025.

THE PARLIAMENTARY OVERSIGHT COMMITTEE VISITED THE OPC

by Nicolas Perez | Aug 31, 2023 | Activities

Authorities of the Parliamentary Oversight Committee, which oversees the operation of the Argentine Congressional Budget Office (OPC), participated in a meeting with the new authorities and the staff of the OPC at the headquarters of the entity.

National Senator Ricardo Guerra (Frente Justicialista Riojano), head of the body and president of the Budget and Finance Committee of the Senate, Senator Juliana di Tullio (Unidad Ciudadana), Senator Víctor Zimmermann (Juntos por el Cambio) and the president of the Budget Committee of the Chamber of Deputies, Carlos Heller (Frente de Todos) met with the director-general of the OPC, Gabriel Esterelles, to discuss the work agenda of the Office.

The visit also included a meeting with the technical teams and the other directors of the OPC, Martín López Amorós (Fiscal and Tax Analysis), Eugenia Pierrepont (Studies, Analysis and Evaluation) and Joel Vaisman (Sustainability and Public Debt Analysis).

The legislators highlighted the technical soundness of the OPC, praised the usefulness of its reports to feed the parliamentary debate and reaffirmed the creation of the Office as the result of a joint endorsement given by legislators from different parties.