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.