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December 21, 2024
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Fiscal Council warns about the 2025 budget

Fiscal Council warns about the 2025 budget

He Fiscal Council (CF) spoke about the budget approved by the Congress by 2025 and warned that initiatives have been introduced that increase public spending.

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In that sense, he warned that the law foresees a growth in the “Personal and social obligations” item of S/3,700 million. This is due, as he explained, to the fact that a series of measures have been incorporated that will further increase public payroll spending and are related to salary scales, appointments, creation of bonuses, among others.

“The Executive’s proposal for PIA 2025 should have been more austere, considering that it carries with it the projection errors of 2024 income, which were used as a basis for the formulation of the 2024 budget,” the CF stated.

Likewise, he explained that an example of inconsistency is also the incorporation of 120 additional final complementary provisions, the largest number since 2009. Of these 120, at least 102 generate expense obligations, and the majority do not have a quantification of their cost. fiscal.

“We urge the authorities of the Executive and Legislative Branch to avoid continuing to generate fiscal pressures through the approval of supplementary credits or measures that increase the fiscal deficit,” he highlighted.

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