deuda pública - Oficina de Presupuesto del Congreso

National Government Budget Execution – November 2018

by Nicolas Perez | Dec 18, 2018 | Budget Execution

In November, the National Government primary deficit was AR$ -39.8 billion, 240% higher than in the same month of the previous year, while the financial deficit reached AR$ -55.6 billion, increasing by 70% the negative performance with respect to November 2017.

Total expenditure grew 8.3 percentage points above total revenues, basically boosted by a rise in economic subsidies.

In the cumulative of the first eleven months of the year, the negative primary balance was 34% lower in real terms than that recorded in the same period of the previous year, while the financial balance increased by 0.4%. At the end of November, the initial budget appropriation increased by 20% by virtue of Necessity and Urgency Decrees and Administrative Decisions.

Budget Bill 2019 – Preliminary Approval by the Chamber of Deputies

by Nicolas Perez | Nov 1, 2018 | Budget Law

By virtue of the amendments introduced by the Chamber of Deputies in the 2019 Budget Bill, resources are increased by AR$2.67 billion and expenditures by AR$24.2 billion, which creates a financing gap of AR$21.53 billion.

Under current legislation, this requires a reduction of expenditures by the same amount or to seek additional financing, which would alter the primary and financial balances.

The preliminary approval implies an increase of 0.1% in resources and an increase of 0.6% in total expenditures.