Due to the outdated 2023 Budget due to higher inflation and to finance mainly investments in transport and public works, subsidies, salary increases, bonuses and commissions of the public debt, among other items, the Government made a redistribution of expenses for more than $ 200,000 million and ended up expanding net spending by $ 21,218 million.
Of the expansion, $ 5,909.4 million were financed with higher revenues, resulting in a financial deficit of $ 15,212.4 million.
This arises from Administrative Decision 435/23 of the Chief of Cabinet, according to the 180 forms published this Thursday in the Official Gazette.
From these forms it follows that there is a readjustment of expenses – for more than $ 200,000 million – which are financed largely with the cut of other items, especially that of Obligations to be paid, which is reduced by $ 203,118 million.
In the recitals of the measure it is indicated "that the present budgetary adjustment contemplates, among other issues, the reinforcement of the appropriations of personnel expenses, in order to meet current needs in terms of salary, operating expenses and equipment, as well as credits for payment of subsidies, compensations and miscellaneous transfers".
In addition, it is clarified that "in order to meet the aforementioned increases, the corresponding reductions are made in various budget items of the relevant jurisdictions."
This is the sixth budget modification, given that a good part of the appropriations approved in the 2023 Budget were insufficient in the face of skyrocketing inflation.
The main budget increases for $ 60,000 million correspond to the Ministry of Transport, item "Formulation and Execution of Comprehensive Transport Mobility Policies" and another $ 60,000 million to the Ministry of Labor, Employment and Social Security for the ANSeS for the "Complements to Social Security Benefits", that is, bonuses for retirees.
Another $ 22,080,376,120 are destined to different programs of the Ministry of Health, while the National Agency for Disability receives $ 18,000 million for Non-Contributory Pensions for Work Disability, and Press and Dissemination (Chief of Cabinet), $ 13,500 million.
In turn, $ 14,800 million are destined to the Service of the Public Debt "to enable the attention of the financial services of the public debt corresponding to commissions of the present Exercise", as indicated in the recitals of the measure.