OPC 5 Public Investment 5 BUDGET BILL 2023 –NATIONAL GOVERNMENT PUBLIC INVESTMENT

BUDGET BILL 2023 –NATIONAL GOVERNMENT PUBLIC INVESTMENT

Although it is constant in relation to the Gross Domestic Product, the public investment forecast for fiscal year 2023 will have a real increase of 4.8% compared to the closing projection for 2022 and will amount to ARS2,261.580 billion.

  • Almost half of the public investment financed with resources from the National Government is allocated to state-owned enterprises and trust funds.
  • Energías Argentinas SA (ENARSA) is the main recipient of these funds (ARS355.020 billion), allocated to the construction of gas pipelines and the Kirchner-Cepernic dams on the Santa Cruz River.
  • Next in order of budgetary importance are the appropriations for the Pro.Cre.Ar Trust Fund (ARS183.094 billion).
  • Transfers to provinces and municipalities will contract by 20.1%.
  • China Development Bank (CDB) and the Inter-American Development Bank (IDB) are the main external sources of financing.
  • A total of 68.2% of the Real Direct Investment is for investment projects, which require a total of ARS489.252 billion. Almost half of this budget (44.0%) is allocated to 20 projects.
  • The Conectar Igualdad program leads the procurement of capital goods, the second component of Direct Real Investment.
  • The rehabilitation of the San Martín Railroad is the most important multi-year work with ARS115.687 billion.
  • In the Consolidated Public Sector investment, state-owned enterprises gain share to the detriment of the National Administration investment.
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