Expenditure on energy subsidies grew 78% between January and April

Expenditure on energy subsidies grew 78% between January and April

The energy category is not the one that rises meteorically. transport subsidiesespecially the groups of the urban lines of the metropolitan area, they took $83,278 million, with an increase of 74% nominal and 13% realwhile the item Other Subsidies registered $36,510 million, in this case, with a real cut of 28%.

For the OPC in the first part of the year, between January and April, The national State had a primary loss of $564,967 million, and a financial loss of $881,741 million. It could almost be pointed out that if the State did not have to generate this mass of transfers to the private sector, the primary deficit would disappear. The accrued aid totaled $539,689 million.

On the other hand, the national state spent COP 113,063 million in the Work Promotion plan, supposedly destined so that the benefited people can be integrated, after a period, to some position in the formal economy. In this case, spending increased 171% nominally and 70% in real terms. On the other hand, in food policies $88,562 million were spent, with a nominal advance of 122% and 44% trueand in Becas Progresar another $22,121 million, which implied a growth of $459 nominal and 263% real.

On the other hand, in Retirements and Pensions have been disbursed $1.46 trillion, which implies growth of 62.6% nominal and 5.7% real.

The Universal Child Allowance (AUH) took $110,871 million, which represents a growth of 58.7% nominal and 3.2% real.

The report of the technical office of Congress indicates that in april the government had already executed 38.6% of the budget for the entire year, which represents 10.8 percentage points above last year. For the same month, 28.2% had been spent. Family allowances have already committed 49.9% of the credit authorized for the entire year, while energy subsidies 42.2%.

The total budget appropriation currently in effect is nearly $10.8 trillion. The initial at the beginning of the year was $10.7 million, which was increased through resolutions of the Chief of Staff. It remains for the Minister of Economy, Martín Guzmán, to modify again the pattern of expenses and income for the year based on the agreement with the International Monetary Fund (IMF). The current Budget is the same as for 2021, extended by decree because Congress rejected the budget sent by Guzmán at the end of last year.

Next Friday, May 20, the Ministry of Economy will release the data of the National Public Sector based on cash.

Source: Ambito

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