marcos makon - Oficina de Presupuesto del Congreso

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.

Analysis of Public Investment included in 2019 Budget Bill

by Nicolas Perez | Oct 17, 2018 | Budget Law

This report analyzes budgetary allocations included in the 2019 Budget Bill for Public Investment, including Real Direct Investment (RDI) and Capital Transfers (CT) within this concept.

The national government public investment budget provided for next year -real direct investment and capital transfers- amounts to AR$171.57 billion, with a drop estimated at 9.7% with respect to 2018.

Progress Status of the 2017 Federal Fiscal Consensus

by Nicolas Perez | Oct 16, 2018 | Tax Policy and Fiscal Federalism

The Executive Branches of the Nation, of twenty-two provinces and of the Autonomous City of Buenos Aires (CABA) signed on November 16, 2017 a new agreement on tax matters, called the Federal Fiscal Consensus which, as stated by the National Executive Branch in its message to the National Congress, aims “to achieve a more integrated, equitable and supportive economy.” A detailed study of the degree of compliance with the obligations that such agreement imposed on all jurisdictions reveals that significant progress was made in tax matters. However, the situation is very heterogeneous when analyzing the behavior in each sector and in each province.