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.
THE OPC PRESENTED THE LATEST BUDGET EXECUTION REPORT TO LEGISLATORS

THE OPC PRESENTED THE LATEST BUDGET EXECUTION REPORT TO LEGISLATORS

The Argentine Congressional Budget Office presented the latest published report on the Analysis of the National Government Budget Execution – January 2024 to national legislators and their advisors.

This is one of the periodic works conducted by the OPC with the purpose of monitoring revenues collected and expenditures accrued.

The presentation was given by the OPC Director, Gabriel Esterelles, together with the directors of Sustainability and Public Debt Analysis, Joel Vaisman; of Fiscal and Tax Analysis, Martín López Amorós; of Budget Analysis, Ignacio Lohle, and the analyst of this last directorate, María Laura Cafarelli.

The purpose of the online meeting was to provide members of the Chamber of Deputies and the Senate, as well as their assistants, with technical elements to improve the understanding of the monthly report disseminated through the OPC web page, offering, at the same time, the possibility of clarifying doubts about the methodology used and the results obtained.

The good reception of this new work modality was the basis for the decision to repeat it periodically to consolidate the technical dialogue between the OPC and the National Congress.

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