2023-08-30 17:06:29
In a decision that generated controversy, the Government carried out the eighth budget modification of the year, increasing public spending by $7.65 trillion. As a result, the deficit in the public accounts grew more than 37%.
Through Necessity and Urgency Decree (DNU) 436/2023, published in the Official Gazette, the measures to expand items from various jurisdictions and entities of the National Public Sector were announced. The objective of this budget modification was to address expenses that cannot be postponed for the normal functioning of the institutions.
This last change involved an increase in current and financial spending of $7.65 trillion, with a total of 677 payrolls involved in the actionon. If all spending authorizations are carried out, the budget deficit would close the year at $9.08 trillion. This figure represents a 37.1% increase from the previous guideline of $6.62 trillion.
The area in which more resources were allocated, according to the DNU, includes items for the payment of retirement and pensions, the Teacher Incentive Fund, the increase in remuneration in public administration and debt service. Some of the most significant assignments are:
Transfers to Provincial Pension Funds, Ministry of Labor: $1,832,002 million.
Public Debt Service (Interest and Commissions): $1,548,600 million.
National Teacher Incentive Fund, Ministry of Education: $757.218 million.
Socio-Urban Integration, Ministry of Social Development: $743,607 million.
Social Assistance, Treasury Obligations: $652.687 million.
Prevention and Control of Disabilities, Presidency of the Nation: $231,082 million.
Administration of Social Security Benefits Federal Penitentiary Service, Retirement, Retirement and Pension Fund of the Argentine Federal Police, Ministry of Security: $224,776 million.
Coordination of Fluvial and Maritime Transport Policies, Ministry of Transport: $174,092 million.
Military Tailoring, General Staff of the Argentine Army, Ministry of Defense: $171,015 million.
Social Welfare Benefits, Financial Aid Institute for payment of Retirements and Military Pensions, Ministry of Defense: $157.442 million.
Complex Crimes and Anti-drug Operations Investigation Service, Ministry of Security: $126,487 million.
Defense of the Rights of Girls, Boys and Adolescents, National Legislative Power: $81.840 millions.
Information Technology and Communications Services, Ministry of Security: $72.690 million.
Operational Sustainability, General Staff of the Argentine Navy, Ministry of Defense: $61.330 million.
Development of Technological and Social Linkage Policies, Ministry of Science, Technology and Innovation: $60,294 million.
Information Technology and Communications Service for Navigation, Argentine Naval Prefecture, Ministry of Security: $56,484 million.
Exercise of the Right to Mental Health Protection, Public Ministry: $50.975 million.
Operation of the High Complexity Hospital of the Esteban Echeverría Bicentennial, Ministry of Health: $50,286 million.
Financial Assistance to Public Companies, Ministry of Economy: $49.625 million.
Education and Training, Federal Penitentiary Service, Ministry of Justice and Human Rights: $44,817 million.
National Meteorological Service, General Staff of the Argentine Air Force, Ministry of Defense: $40,301 million.
The situation generated concern and debates regarding the increase in the deficit and the government’s spending priorities. While some argue that It is necessary to allocate more resources to maintain the proper functioning of various areas, others express concern regarding the possible exacerbation of financial difficulties.
Despite the circumstances, the authorities defend these decisions as part of their approach to guarantee the operation and continuity of essential services. The DNU was a tool used by the Government to respond to urgent needs and address the challenges facing the country in the midst of a complex economic landscape.
With information from Argentine News
1693415538
#Government #increased #spending #deficit #budget
