He The Government completed a second quarter of the year with a sharp drop in shipments, both in co-participation as non-automatic ones. According to data from the Congressional Budget Office, During that period, the total funds transferred from Buenos Aires fell to 18.7% year-on-year in real terms.
And both the co-participation and discretionary transfers grew by 206.8% nominal. This is reported in the report of the technical office of Congress, which indicates that, in the case of automatic funds, there was an annual nominal increase of 231.5%, while in real terms they fell by 12.2%. Of these, half is explained by the fall in money allocated to specific allocations determined by special laws.
In the case of discretionary funds, they recorded a nominal drop of 50%, which explains a real fall of 87.1%, says the OPC.
In the first half of the year, the numbers They reflect that Jujuy and San Juan are the jurisdictions with the smallest cuts this year, with 14.3% real year-on-year. The most affected province was the province of Buenos Aires, with a 24.4% year-on-year drop. The territory governed by Axel Kicillof received $1.44 billion.
Automatic transfers (co-participation) had registered declines of 11.5% in January, 18.2% in February, 26.8% in March and 20.2% in April. In May, due to the effect of the corporate income tax, it rose by 23.9% and in June it fell again to 20% year-on-year.
It can be indicated that, after the In the specific case of May, the fall in resources is still in progressdespite that improvement.
June data
According to data from the consulting firm Politikon Chaco, the automatic transfers sent to the consolidated provinces and CABA in June totaled $3.6 billion.
In the comparison against the same month in 2023, They show a nominal variation of 184.4% and, when considering the real inflation, it showed a negative result of 23.8% year-on-year, which represents the second highest relative decline in the year. Seen at June 2024 prices, the contraction generated resource losses for the consolidated provinces and CABA of $1.13 billion compared to June/2023.
In June, there were 17 working days, compared to 20 in the same month in 2023, a situation that contributed to the sharp drop.
When comparing the performance of June compared to the same month in previous years, this is the worst since at least 2017. Measuring transfers in constant currency, June 2024 was also below the same month in 2022 (-24.9%), 2021 (-14.0%), 2020 (-8.3%), 2019 (-18.7%), 2018 (-23.5%) and 2017 (-10.5%).
In this way, the Accumulated from automatic transfers distributed to the corresponding provinces and CABA In the first half of 2024, they were on the decline: in that period, automatic shipments totaled $18.09 billion; its nominal variation is 231.5% year-on-year; in constant currency, it registers a fall of 12.3% compared to the same period in 2023.
Source: Ambito
