Córdoba: with opposition support, the Legislature approved Martín Llaryora’s Budget

The Legislature of Cordova approved in particular and in general the project of Budget 2025 and the fiscal package sent by the governor Martin Llaryorain a marathon session that took place this Wednesday from noon and ended at night.

In a day that was led by the lieutenant governor Myrian Prunotto, We Make United for Córdoba, added the votes of the opposition, such as the Radical Civic Union (UCR) and PRO legislators, and managed to get the “law of laws” approved in first reading. However, those leaders who respond to Luis Juez voted against.

Now, we must wait for the session on December 12, where the Budget is expected to be definitively approved.

Córdoba Legislature approved the 2025 Budget

During the debate, the reporting member of the ruling party, Ricardo Sosaindicated “these tools not only reflect our government priorities, but also our vision of a balanced Córdoba, with growth in its infrastructure and committed to fiscal stability and social well-being.”

“We find ourselves at a historic moment in our country, in which planning, fiscal responsibility and equity are essential to face the economic and social challenges of our province.” And he later added: “These projects constitute a declaration of intentions: prioritize what is essential for the development of Córdoba, optimize resources and guarantee opportunities for all Córdoba residents.”

This way, for To maintain the financial surplus, it is expected that current spending will not grow more than the projected average inflation and that debt services will be below the ratios established in the Fiscal Responsibility Regime.

Sosa also indicated that “The budget is a key tool to guarantee fiscal stability, strengthen essential services and promote the inclusive and sustainable development of Córdoba.” And he added: “This budget is part of a strategy that combines fiscal responsibility with investments that transform and generate a positive impact on society.”

The figures from the Córdoba Budget

The main figures of the Budget for the Centralized Administration for next year are:

1. Total revenue: 9,364,643 million pesos (reads 9.36 billion).
2. Total expenses: 9,314,908 million pesos (reads 9.31 trillion).
3. Result financial: 49,736 million pesos.
4. On the origin of provincial tax revenues: Gross Income represents 82%; Stamps, 8.3%; and Real Estate, 6.4%.
5. Regarding the planned expenses, 62% will be allocated to social investment (education, health, security, justice); 19.1% to productive investment; 14.1% to co-participation to municipalities; and 4.5%, to others, for example employment programs

In this way, a current savings of 16.6% is expected.

Public works will require a total investment of 935,398 million pesos: 40% to road works; 32% to schools, hospitals and community buildings; 16% to energy and gas pipelines; and 12% to water and sanitation.

At the conclusion of the presentation of the Budget bill, Sosa said that next year’s provincial numbers “They contain the premises that have characterized this Government since 1999: investment to grow and develop, austerity and responsibility in the administration of the State, and priority to education, health and security.”

Among the main aspects of the Tax Code we can mention: elimination of 50 rates and the Mere Purchase tax; maintenance of the 30% discount for compliant taxpayers and 15% more if paid in a single installment. In addition, the Province will reallocate 1% of its co-shareable mass to distribute it to municipalities and communes.