ANALYSIS OF PUBLIC INVESTMENT BUDGET EXECUTION – 2023

ANALYSIS OF PUBLIC INVESTMENT BUDGET EXECUTION – 2023

Due to a more pronounced drop in Real Direct Investment, Public Investment decreased 7.3% in real terms during 2023, with an execution of 85% of the current appropriation for the year.

  • All functions decreased except for energy, because of the transfer of funds for the execution of the Néstor Kirchner Natural Gas Pipeline: transfers to ENARSA grew by 146.3% in real terms and are equivalent to more than half of transfers made to state-owned enterprises.
  • Transfers to trust funds fell by 41.8% year-on-year, and those to provinces and municipalities fell by 13.9% year-on-year.
  • Half of public investment (50.7%) was financed with resources from the National Treasury, which showed a real growth of 9.1% with respect to 2022.
  • A total of 20.8% of investment was financed with external credit.
  • The main investment project was the construction of the CAREM Phase II reactor.
  • The Ministry of Education accounted for 43.8% of total capital procurement, mainly for the purchase of computers under the Conectar Igualdad Program.
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