The Ministry of Finance published the report on the execution of the General Budget of the Nation (PGN) with a cutoff date of January 31, 2022, in which the ministry indicated that of the total resources appropriated as of that date ($352.0 billion), 18.6% committedthat is, $65.6 billion.
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It is worth clarifying that, in January, added $1.6 billion to the general budget, corresponding to the uncommitted balances in 2021 financed with the resources of the Emergency Mitigation Fund (Fome). According to the document, “in order to give continuity to public health programs aimed at fighting the pandemic”, with which the total resources appropriated from the PGN amounted to $352.0 billion.
By type of expense, 59.9% of this total was assigned to operations ($210.7 billion), 20.4% to debt service ($71.6 billion) and 19.8% to investment ($69.6 billion). ).
In the balance of budget execution, the Ministry of Finance also reported that of the total resources of the budget obligations for $14.4 billion were assumed (4.1%) and $13.4 billion (3.8%) were paid. Uncommitted appropriations as of January 31 amounted to $286.4 billion.
In the PGN, the appropriate resources refer to the maximum spending authorizations that Congress approves to be executed or committed during the respective fiscal period; the assigned resources are acquired commitments that must be developed in the fiscal period, while the obligations are the amount owed for the development of the acquired commitments and the payments are the disbursements corresponding to the resources that are contracted with the budget.
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By type of expense, during the first month of the year it was recorded, in terms of commitments, $36.2 billion for operation$1.9 billion in debt service and $27.5 billion committed for investment.
On the obligations side, $10.9 trillion was recorded for operating expenses, $1.9 trillion for debt service and $1.6 trillion for investment, while in relation to payments, the budget execution report shows $10.8 billion for operating expenses, $1.0 billion for debt service and $1.5 billion for the investment budget.
THE INVESTMENT
Regarding the definitive appropriation ($69.7 billion), in investment 39.5% was committed, 2.3% was obligated and 2.2% was paid. Twelve sectors concentrated 89.6% of total investment appropriations, with a total of $62.4 billion; being Social Inclusion ($21.5 billion), Transportation ($11.1 billion), Education ($5.4 billion) and Mines and energy ($4.8 billion) the most representative. In these sectors, $24.6 billion (35.3%) were committed, $1.6 billion (2.3%) were obligated and $1.5 billion (2.2%) were paid.
BUDGET LAG
The Treasury clarified that, in addition, in 2022 the budget lag will be executed at the end of the 2021 term, which represents $24.4 billion, and that they are constituted as budgetary reserves and accounts payable. In January, 4.9% of the budget lag was paid and $23.2 billion remained unpaid.
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According to the report, 33.4% of this lag was operating ($8.1 billion), 20.7% debt service ($5.1 billion) and 45.9% investment ($11.2 billion).
BRIEFCASE
