He accrued expense in July For the National Public Administration (APN) registered a increase of real 5.8%, Regarding the same month last year, according to a report of the Argentine Budget Association and Public Finance (ASAP).
That sum includes the payment of debt interest. If that concept was excluded, which grew 353% last month, the total expenditure of the APN would have dropped 0.6%, Remar the report.
ASAP points out that Current expenses grew 6.8% year -on -year, with “dissimilar behaviors inside”. “In addition to interest, current transfers to provinces (1,232.4%) grew strongly, mainly due to the very low level executed a year ago and to a lesser extent, for compliance with the sentence in favor of CABA,” says the document.
The study details that “they also had significant growths in goods and services (52.8%) and transfers for public companies, Fiduciary funds and other Enths of the SPN (34.3%) ”.
On the other hand, he argues that “Social security benefits, the main component of spending, maintained their growth tendency (9%), driven by the recovery of retirement and pensions, although in a context of low comparison base ”.
Instead, spending on Remuneration fell 11.3% compared to July 2024, while transfers current to the private sector did so in 27.2% explained, mainly, for minors economic subsidies and for the non -update of the pension complement ($ 70,000 bonus).
“In relation to Capital expenditure, in July it suffered an interannual fall of 48.9%on a very depressed basis, since the level of the same 2024 month had presented an interannual drop of 83.1%. If compared to July 2023, the fall becomes 91.4%, ”says the work.
The expense falls 91.4% since July 2023
In that sense, the consultant Analytica warned on its last public spending monitor that “public works is located at minimum historical levels, In the first seven months of the year his expense fell 47.7% year -on -year measured to constant pesos. ”
“The games in constructions executed by the National Administration represented 42.4% of the total27.5%increased in real terms. In the accumulated between January and July, ”he adds.
Analytica says that “57.6% of the remaining expenditure – transfers to provinces, public companies, universities, among others – decreased 63.3%.”
“When analyzing the distribution of spending according to its function, the largest weighting corresponds to transport (69.4%), mainly linked to the construction and maintenance of national routes, and to a lesser extent of railways,” says the report.
He adds that “Well behind is the expense associated with science, technology and innovation (13.4%) Due to the financing of the construction of the RA-10 multipurpose reactor “while” in third place, there is works expense of drinking water and sewerage (6.1%) ”.
Source: Ambito
