The Buenos Aires Legislature will deal with the 2023 Budget project, which was sent by the head of government, Horacio Rodríguez Larreta, and which foresees expenses of $ 2,154 billion.
The initiative, among other aspects, does not contemplate for the fifth consecutive year expansion works for the subway network and contains decreases in the level of investment destined for the areas of health, culture and educationas denounced by union organizations that called for a march to the legislative headquarters, at 100 Peru Street.
From the Buenos Aires ruling party, the Minister of Treasury and Finance, Martín Mura, said that it is a budget with “zero deficit”, since revenues will be $2.164 billion, slightly higher than expenses.
When presenting the project in the Legislature, the minister also pointed out that “it is a budget without tax increases or the creation of new taxes” and a “30% drop in terms of the weight of debt interest.”
In addition, he stated that the level of public works is recovering after the Covid-19 pandemic, reaching a 15% share of total expenses next year.
Mura emphasized that the macroeconomic variables of the budget “arise from the estimates set by the national government”, which project a “growth of the Geographical Gross Product of 2%, an inflation rate of around 60% and a dollar at $269, 9 by the end of the year.”
In his presentation to the Legislature, Mura also reiterated the claim for the “untimely and unilateral removal of Federal Co-participation funds” by the national government, and argued that for this reason, in 2023, the city of Buenos Aires will face a “loss of resources of $ 279,000 million”.
The Buenos Aires budget for next year is the last of the Rodríguez Larreta administration, which ends its term in December 2023.
