The text contemplates a growth of 2.5%, an estimated annual inflation of 70%, a primary fiscal deficit of 0.9% of GDP and one dollar as of December of next year at $600.
The National Government sent the 2024 Budget project to the National Congress this Friday, as established by Law 24,156 on Financial Administration. The text contemplates a growth of 2.5%, an estimated annual inflation of 70%, a primary fiscal deficit of 0.9% of GDP and one dollar in December of next year at $600.
The bill issued by the National Government is signed by the President Alberto Fernandezthe chief of staff, Agustín Rossi and the Minister of Economy, Sergio Massa.
The Message sent to the National Congress indicates that the 2024 Budget “tends towards macroeconomic stability, the recomposition of the purchasing power of income and the strengthening of the internal market.”
In addition, it establishes that “the recovery of all components of aggregate demand is expected, in particular, consumption and investment, maintaining a growth path in 2025-2026, while the imported volume will also continue to advance, driven by growth.” economic”.
It also aims to “growth with job creation” which will be accompanied by conditions of stability that strengthen it and make it sustainable over time.” For this, the “accumulation of reservesas a first step to “reduce inflation.”
“In parallel, it is proposed to deepen public policies linked to industrial and scientific-technological development to stimulate private investment, generate more and better employment and strengthen the external sector by increasing exports of goods and services,” the text continues.
And he adds that: “On the basis of the fiscal order, the increase in exports and their added value and the increase in the investment rate it will be possible to reduce the inflation suffered by our economy and our population“.
“In summary, this Bill aims to contribute to achieving a macroeconomic stabilization from which a set of public policies can be sustained at the national level that seek Improve the quality of life of the population”he concludes.
Elevation Note
message note
Message
Bill
Worksheets
Statistical annex
Jurisdictions
Entities
Source: Ambito
