He Ministry of Economy on Thursday had a budget credit cut by almost $ 500,000 million Apart from a modification published in the Official Gazette. It provides an adjustment in education items for $ 120,000 million.
This is the Administrative Decision 23/25 through which The calculation of resources is increased by $ 261,613 million and at the same time performs a reduction of $ 493,531 million. From this arises a Positive financial result of $ 754,744 million.
Fountains of the Treasury Palace They informed to Scope that It’s about “Reassignments of items with a decrease in primary expenditure consisting with our fiscal policy. ”
The operation, which contemplates the Scholarship reduction for students, infrastructure and for the development of higher education, It is known after the president Javier Milei will veto a law that establishes an increase in expenditure for universities.
After the operation, The budget surplus went from $ 5.9 billion to $ 6.6 billion, equivalent to 5% Of the estimated total resources, the Argentine Association of Budget and Public Finance (ASAP) points out in a report.
According to the report, with this operation The Government increased spending into 76 programs for a total of $ 459,673 million, and reduced resources in 111 programs for a total of $ 953,024 million.
It should be remembered that the Executive Power is being handled with the 2023 budget extended in 2024 and again extended in 2025. It currently presents an expense budgeted for almost $ 126 billion and resources for $ 131.8 billion.
While the level of expenditure is 62% to September 9, The income is at 71% of the provisions for the entire exercise. Hence, it is not ruled out that towards the end of the year the games have to be updated.
Where the adjustment was made
According to Asap, the Current expenses decrease to $ 270,854 million and capital expenses to $ 222,677 million, that are discriminated as follows:
– Current expenses: Transfers decrease $ 327,563 million and personnel spending to $ 67,523 million, while non -personal services increase by $ 56,236 million, consumer goods by $ 46,487 million and debt services at $ 21,509 million.
– Capital expenses: LAs transfers decrease to $ 305,193 million while use goods increase by $ 57,072 million, non -personal services by $ 17,345 million, consumer goods by $ 7,464 million and increase in financial assets by $ 635 million.
The ministries most affected by the adjustment
The ASAP report said the most significant budget cuts reached the ministries of Human capital and of Economywith reductions that exceed $ 360,000 million as a whole.
Human capital
The portfolio in charge of social policies suffered a pruning $ 207,540 million.
-
The Ministry of Education resigned $ 120,033 millionwith strong impact on key programs: management and assignment of scholarships to students (-$ 44,270 million), development of higher education (-$ 40,000 million) and infrastructure and equipment (-$ 12,451 million), among others.
-
The National Secretariat of Children, Adolescence and Family Culo $ 67,910 millionmainly in social inclusion actions (-$ 55,316 million) and territorial approach (-$ 3911 million).
-
It also adjusted items in the Ministry of Labor, Employment and Social Security (-$ 19,480 million), the National Library (-$ 234 million) and the Central Administration (-$ 120 million).
Economy
The budget of the portfolio that Luis Caputo leads was reduced in $ 154,456 million.
-
The largest pruning occurred in economic and social infrastructure (-$ 224,133 million).
-
The central administration resigned $ 112,801 millionin particular in the program formulation and execution of hydrocarbons policy, with falls of $ 93,280 million in transfers to private companies and almost $ 20,000 million in provinces to provinces for current and capital expenses.
However, some organizations of the economy orbit received greater resources:
-
The National Road Directorate obtained $ 191.003 milliondestined for highways, route maintenance and resurfacing.
-
The National Agrifood Health and Quality Service (Senasa) added $ 8,246 million.
In parallel, cuts were applied in the Ministry of Industry and Productive Development by $ 17,381 millionamong other adjustments.
Budget 2026
The President Milei plans to present the guidelines of the 2026 budget next Monday. In July, the Government sent to Congress an advance of the numbers that you plan to execute next year, taking into account that the goal agreed with the IMF is a surplus equivalent to 1.6% of GDP.
Through the “Advance report to the Honorable Congress of the Nation” on the general budget of the National Administration, the Executive Power estimated that the inflation will be 22.7% In 2025 and what The nominal exchange rate will increase 20.4% Annual, “resulting in an average decrease in the real bilateral exchange rate with the dollar of -8.6% in the year.” That will be the starting point for next year estimates.
Source: Ambito
