Javier Milei’s government continues to give signs of commitment to budgetary health. In July, for the first time this year, The national government did not send National Treasury Contribution (ATN) to any province, indicates a report by the consultancy firm Politikon Chaco based on official data.
In the year has only sent 7.5% of the fund which is constituted with the 1% of the shareable mass. Although it is money from absolutely arbitrary distribution from the Government, designed to provide assistance in cases of emergency, in all administrations There has been some kind of ATN distribution.
The The current administration has so far distributed $26.3 billion. The province that has benefited the most has been Missions, with $9 billion; followed by Chubut, with $4.5 billion. Then there is Entre Ríos with $3.8 billion; Santa Cruz, $3 billion; Tucumán, $2 billion; Jujuy and Santa Fe, $1.5 billion each, and Corrientes, $1 billion.
“In the cumulative From January to July 2024, only 7.5% of the total fund was distributed, which totals $349,087. millions. This is the level of distribution lowest since 2019, when it was 5.5% in the reference period”says the consultancy firm Politikon Chaco.
While the Government halted public works in the interior and is transferring them to the provinces so that they can finish them with their own money, it still has resources that could help complete them.
From 2019 to the present, there has been no major execution of the fund, except in 2020, during the pandemic that the government ordered for the equivalent of 282.3%In 2019 it was 5%; 2021, 40.3%; 2022, 33.5%; and 2023, 13.7%.
Milei continued with the chainsaw in July
Politikon Chaco points out that last month “non-automatic transfers from the national State in the Accrued stage to the 24 subnational jurisdictions totaled $21,164 million registering a nominal year-on-year drop of 80.2%; after discounting the projected inflation for month 1, These shipments show a real decrease of 94.6% year-on-year.”
“In turn, the Non-automatic transfers in the Paid stage totaled $90.370 million: which implies a nominal year-on-year decrease of 38% and 82.9% year-on-year in real terms”says the private study.
The final values of non-automatic transfers marked a milestone during July, although due to different characteristics: seen by volume of current pesos, Those accrued were the lowest so far this year; on the other hand, those paid were the highest in 2024.
Therefore, the report clarifies that “accrued shipments saw the worst real year-on-year drop of the year, while Paid loans, despite their volume, continue to fall by more than 80%.”
“The particularity previously stated regarding accrued and paid shipments is also verified when analyzing the relationship credit paid/accrued: in July it was 427%; thus, the national State reduced the debt tocumulated with the set of subnational jurisdictions in $69.206 million, But, even with that, maintains a debt of $68.582 million for commitments accrued and not cancelled throughout the year,” says Politikon Chaco.
Source: Ambito
