Asignación Universal por Hijo - Oficina de Presupuesto del Congreso

BUDGET EXECUTION OF SOCIAL INVESTMENT IN CHILDREN AND ADOLESCENTS

by Juan Fourcaud | Feb 2, 2021 | Budget Execution

In mid-2020, there were 13,151,586 children and adolescents (up to 17 years of age) in Argentina. 57.1% of that universe was poor and 15.8%, indigent, rates much higher than the general average of the population.

About 4.6 million of children and 2.9 million of adolescents were below the poverty line.
Poverty and indigence rates in households with children and adolescents were three times higher than those in households without children and adolescents.
Of households with employed persons in which minors live, 40% were below the poverty line. This means that despite having at least one salary, this income was not enough to cover the family’s basic needs.
Of children and adolescents in compulsory education age (4 to 17 years of age), 96.9%were in school, most of them attending public schools. For the non-compulsory segment, this percentage drops to 14.5%.
The incidence of poverty drops significantly if the head of the household completed his or her secondary education. However, one out of every six households headed by a person with university education was below the poverty line.
The actions undertaken by the national government to care for children and adolescents implied a budgetary effort of 3.6% of GDP in 2020, 12.7% of total expenditure.
Public policy aimed at improving the general conditions of the population, which also have an impact on this segment, required an additional 2.4%.
State efforts were insufficient to substantially improve the living conditions of this age group, and it is necessary to pay more attention to children and adolescents to guarantee their access to basic rights.

Analysis of Budget Execution – October 2019 – Accrual Basis

by Nicolas Perez | Nov 12, 2019 | Budget Execution

October’s primary balance was in surplus by AR$23.09 billion, improving previous year’s performance. However, considering the payment of interest on the public debt for AR$39.48 billion, the financial balance was in deficit by AR$16.38 billion.

So far this year, that negative balance amounts to AR$340.55 billion and implies an improvement of 51.6% YoY in real terms compared to the same period of 2018.

To a large extent, this is possible because in the first ten months resources grew at a rate of 57.1% YoY (2.1% YoY real) with respect to 2018, 15.3 percentage points above total expenditures, which grew by 41.9% YoY (-7.8% YoY real).

The item with the highest year-on-year expansion was family allowances, which grew by 26.1% in real terms, mainly due to the increase in the Universal Child Allowance.

National government salaries grew nominally 38.4% YoY, however, they contracted 8.9% YoY in relation to inflation.

In 2019, property income increased its share in total resources, basically due to the resumption of Treasury financing through the transfer of Central Bank profits and the decline in the level of economic activity and the formal labor market as of April 2018, with an impact on tax resources.