OPC 5 Budget Execution 5 Budget Execution Report – January 2019

Budget Execution Report – January 2019

February 14, 2019

During January, the national government had a financial surplus of AR$87.76 billion, 19.7% higher in real terms than in 2018. Compared to inflation, both total revenues and total expenditures decreased during the month.

Revenues showed a drop -in real terms- in all items, except for property income and capital revenues.

Expenditures showed some exceptions to this pattern. Debt interest payments increased 84.6% YoY (+24.1% in real terms) and economic subsidies grew by 143% (+63.9% YoY in real terms).

Total accrued expenditures accounted for 5.5% of the total item, current expenditures for 5.6% and capital expenditures for 3.0%.

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