Budget Bill 2019 – Preliminary Approval by the Chamber of Deputies

Budget Bill 2019 – Preliminary Approval by the Chamber of Deputies

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.

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