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Government of SP sanctions budget of R$ 317 billion for 2023

The budget of the state of São Paulo for 2023 was sanctioned by the São Paulo government and will be R$ 317 billion, an amount 10.7% higher than what was sent in 2022. The 2023 Annual Budget Law (LOA) was published at the official diary of the state this Tuesday (27).Government of SP sanctions budget of R$ 317 billion for 2023

According to the government of São Paulo, the amount includes own resources from municipalities, foundations and dependent companies. It also foresees a record investment of R$ 31 billion for next year.

Of the total earmarked for the budget, R$49.5 billion correspond to education, including funds for the implementation of full-time education. R$ 29.4 billion were allocated to the health area. Public security is guaranteed BRL 27 billion, while metropolitan transport, BRL 13 billion. The area of ​​social development, which has Bolsa do Povo among its main programs, will have around R$ 1.7 billion. Housing will have R$ 1.4 billion for the progress of housing policies.

The budget is a mandatory document that estimates revenue and sets expenditure for the financial year, that is, it indicates how the government will collect and spend public resources. With R$317 billion raised, São Paulo will have the largest state budget in the country.

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