OPC 5 Budget Law 5 GENERAL DESCRIPTION OF THE CONTENTS OF THE 2023 NATIONAL GOVERNMENT BUDGET BILL

GENERAL DESCRIPTION OF THE CONTENTS OF THE 2023 NATIONAL GOVERNMENT BUDGET BILL

The Budget Bill for fiscal year 2023 estimates revenues totaling ARS22,304.058 billion, 1.1% higher in real terms with respect to the previous year and equivalent to 15.2% of GDP.

Total expenditure will decrease by 2.8% year-on-year (YoY) in constant currency and by 1.0 point in terms of GDP. Due to lower subsidies and social benefits, the primary expenditure will fall 4.3% YoY.

Debt interest payments are projected at ARS2,656.308 billion, with a real increase of 15.1% YoY.

Deficits will be more moderate than those of 2022: the primary deficit will be equivalent to 2.5% of GDP (3.6% of GDP in 2022), the financial deficit to 4.3% of GDP (5.2% in 2022) and the economic deficit to 2.8% of GDP (3.7% in 2022).

  • To cover the negative balances, financial sources estimated at ARS30,194.668 billion and financial applications forecast in the amount of ARS23,794.816 billion will be used.
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