Thus, it raised the total budget expenditures for this year to almost $96 billion. With the last change, spending increased by $350,000 million. The largest items for Human Capital.
The government of Javier Milei increased general spending with a focus on social services by almost $350,000 million, in accordance with an administrative resolution that established a new modification to the current budget, which is the extended 2023 budget. In this way, the budget credit reached almost $96 billion.
Although it is a significant increase in spending, it was the product of cutting other items and adding some resources that were not foreseen. With this, although there is an increase in expenditures planned for all of 2024, the fiscal result, which is a surplus, is not altered.
At the end of the year, at a time when there is a seasonal increase in social demands, The Government decided to reinforce the amounts of the Ministry of Human Capital by $242,000 million.
According to a report, the Argentine Association of Budget and Public Finance (ASAP), based on Administrative Decision 1018/24, an increase in the calculation of resources by $303,165 million is authorized (0.3% in relation to current resources) and an increase in expenses of the same amount (0.3% in relation to current credit).
“This increase arises as a result of greater authorizations for 39 budget programs for $349,520 million, and reductions in 22 programs for $46,355 million. As a consequence of this DA, the deficit financial result of the National Public Administration Budget is not modified, which implies that it remains at $8,451,754 million, equivalent to 9.6% of the estimate of total resources,” indicates the study.
Expense: what are the most significant modifications
- Ministry of Human Capital: The budget is increased by $242,122 million. The National Social Security Administration increases its allocations by $242,000 million for the program “Supplements to Pension Benefits”. To a lesser extent, the items of the National Commission for University Evaluation and Accreditation at $600 million, the Superintendence of Occupational Risks at $72 million, of the National Arts Fund by $50 million, while those corresponding to the Central SAF are reduced by $600 million.
- Home Office: The items are reinforced by $28,237 million, whose allocation is as follows: National Registry of Persons (RENAPER), $16,790 million, with $13,164 million allocated for Non-Personal Services, $2,532 million for Consumer Goods, and $1,094 million for Useful Goods from the “Identification” program. , Registry and Classification of National Human Potential”. And the National Directorate of Migration sees its allocations increased by $7,901 million to meet operating expenses, among others. For its part, the Central SAF increases its budget by $3,549 million, allocating $3,556 million for Non-Personal Services, $120 million for Consumer Goods and credits for Transfers are reduced by $127 million.
- Ministry of Economy: The budget is increased by $17,512 million. The amounts of the National Agri-Food Health and Quality Service are increased by $16,721 million for Personnel Expenses and to a lesser extent those of the National Insurance Superintendency by $683 million and the National Atomic Energy Commission by $109 million.
- Ministry of Health: The items are reinforced by $14,750 million, with $14,307 million allocated to the Central SAF for the Prevention and Control of Communicable and Immunopreventable Diseases program, $320 million to the National Administration of Medicines, Foods and Medical Technology and $123 million to the National Institute of Psychophysical Rehabilitation of the South Dr. Juan Otimio Tesone.
- Ministry of Justice: The items are increased by $4,632 million, affecting the Central SAF mainly for Fixed Assets. Obligations Responsible for the Treasury: the current budget is reduced by $7,798 million of the “Other Financial Assistance” program for Personnel Expenses.
- Other Modifications: To a lesser extent, the current budgets of the Ministry of Security are increased by $2,050 million, the Ministry of Infrastructure by $1,580 million, and the Head of the Cabinet of Ministers by $136 million, among others.
Source: Ambito
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