2023-05-23 13:41:20
The public accounts registered in April a primary deficit of $331,373more than four times above the red registered in the same month last year, which complicates the negotiation with the International Monetary Fund (IMF).
When interest on public debt is added, the financial deficit (that is, the total) climbs to $407,388 million.
Thus, the accumulated primary deficit in the first four-month period reached $1,021,300.6 million (0.59% of GDP) according to preliminary estimates of the Gross Domestic Product.
In this way, the target for the second quarter is on the brink of non-compliance, for which there is only a margin of $160 billion
The significant imbalance in fiscal accounts is one of the issues that remains unresolved in the discussion with the IMF board for the reformulation of the current agreement.
The government attributed this poor result to the impact of the drought that caused an approximate drop of $ 580 billion in income from import duties.
“In the framework of this restrictive scenario, the administration of the fiscal policy ordered by the authorities of the Ministry of Economy prioritized during April the financial allocations destined to social inclusion policies, and to public investment programs with an emphasis on energy infrastructure” , Economy was defended.
In April the total income reached $1.8 trillion with a year-on-year increase of 71.9%which means a loss of 30 points with respect to inflation.
Meanwhile, the expenses reached $2.1 billion, with an interannual increase of 88.7%, below inflation, but 17 points above revenue.
Among the expenses that increased the most are capital expenses, especially in energy subsidies that were six times higher than in April last year because the government decided to advance fuel purchases.
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