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.

ANALYSIS OF THE ADMINISTRATIVE DECISION ON THE ALLOCATION OF THE NATIONAL GOVERNMENT BUDGET EXTENDED FOR 2024

ANALYSIS OF THE ADMINISTRATIVE DECISION ON THE ALLOCATION OF THE NATIONAL GOVERNMENT BUDGET EXTENDED FOR 2024

The 2024 Budget, which is the result of extending that of fiscal year 2023, increases the financial deficit by ARS158.596 billion, due to the adjustments in resources (-ARS320 billion) and expenditures (-ARS161.404 billion) by means of Administrative Decision No. 5.

  • Revenues are cut by ARS320 billion, funds related to the awarding of 5G service licenses.
  • A total of ARS108.092 billion was cut for election expenses, ARS500 million from the Supreme Court’s budget for maintenance and ARS52.812 billion for transfers to provincial pension funds.
  • Administrative Decision No. 5 provides for institutional adjustments due to changes in the government’s organizational structure.
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