• There are a significant number of trust funds in the Argentine Public Sector (National, Provincial and Municipal). This report focuses on the twenty-eight trust funds of the National Non-Financial Public Sector in which the National Government is the trustee.
  • The budgetary regime of trust funds does not follow the same rules as those governing the National Government Budget.
  • In 2021, the expenditures of these funds were equivalent to 0.7% of the national GDP, and their resources amounted to 2.1%.
  • Trust Funds grew at a higher rate than expenditures as of 2018, generating a liquidity surplus: the financial surplus expanded from 0.08% of GDP in 2012 to 1.42% of GDP in 2021.
  • In 2021, 58% of Trust Funds resources were provided by the National Treasury, 18% from tax revenues and 17% from property income.
  • The main funds are used to subsidize energy and transportation or to finance public works.
  • Necessity and Urgency Decree (DNU) 829/2022 banned transfers to trust funds, state-owned enterprises, and other entities with freely available funds from January 1, 2023.
  • Not all trustees report the details of the transfers made to the beneficiaries.
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