In a statement, the Treasury Palace stated that in this way, a primary deficit of $2,632,497.8 million was accumulated in the period from January to September.
The drop in export duties during the first nine months of the year Compared to what was projected in the budget, it was more than $1.1 billion.
But at this point it was clarified that “if this decline as a result of the drought had not occurred, the primary deficit of the national public sector so far this year would present an improvement of the same magnitude.”
During September The increase in total income reached 95.4% affected by the impact of the drought and a high comparison base due to the liquidation of the export increase program in September 2022.
This variation was partially offset by internal economic activity.social security, import duties and the expansion of the country tax.
In the same period, primary spending showed a growth of 129.8% ai, prioritizing the most vulnerable sectors, reinforcing various social programs, educational policy, and infrastructure.
Thus, between January and September, primary spending showed a real fall of 5.1%.
In September, Tax Revenues without considering Export Duties registered an increase of 145.1% yoywhile, if they are included, the total Income of the National Public Sector amounted to $3,209,897.6 million (95.4% mentioned).
Within the framework of this restrictive scenario, the administration of fiscal policy established by the authorities of the Ministry of Economy continues to mitigate between January and September the negative impact on the primary result caused by the observed drop in collection.
In September, primary spending of the National Public Sector reached $3,590,371.0 million and accumulates an average increase of +104.3% y/y in the year, highlighting the growth of investment associated with educational policy and the reinforcement of various social programs.
At the same time, Capital spending grew +150.2% yoy in September driven by the investment in infrastructure made by the companies Aysa, Enarsa and Arsat.
Source: Ambito
