OPC 5 Budget Law 5 Budget Bill 2019 – Preliminary Approval by the Chamber of Deputies

Budget Bill 2019 – Preliminary Approval by the Chamber of Deputies

November 01, 2018

By virtue of the amendments introduced by the Chamber of Deputies in the 2019 Budget Bill, resources are increased by AR$2.67 billion and expenditures by AR$24.2 billion, which creates a financing gap of AR$21.53 billion.

Under current legislation, this requires a reduction of expenditures by the same amount or to seek additional financing, which would alter the primary and financial balances.

The preliminary approval implies an increase of 0.1% in resources and an increase of 0.6% in total expenditures.

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