The document must be subject to what the National Development Plan says. Previously, the opposition did not give way to the 2021 budget and returned it to the Government with observations.
Until tomorrow, October 31, 2021, has the Executive to refer to the Assembly the budget proforma for fiscal year 2022, as well as the four-year budget schedule. Both must be appropriate to the Constitution and the National Development Plan. This last document was delivered to the Legislature on September 21 of this year.
The presentation of the budget is framed in what article 295 of the Constitution indicates. The regulations also determine that the National Assembly will approve or observe the Executive’s proposal, within a period of 30 days, that is, until November 30. If the Legislature does not pronounce within the established term, it will automatically will enter into force the proforma and the programming presented by the Executive.
It should be noted that the Executive, in September, already had a setback on this issue by the Legislature, when with 77 votes resolved to observe and return the budgetary proforma for 2021.
As they analyzed, he had several inconsistencies, including that he was not subject to the National Development Plan, or that it had a negative projection of the annual inflation, when the accumulated until August already has positive figures. This can lead to an underestimation of tax revenues that are tied to the performance of the economy.
The proforma presented in September, reached the $ 32,948 million, considering some macroeconomic assumptions, among which stood out an average price of the barrel of petroleum of $ 59.80 and an oil production of 485,644 barrels per day, reaching 177.26 million barrels per year, slightly lower than the psychological barrier of 500,000 barrels per day.
In addition, in the assumptions, a growth of the Gross Domestic Product (GDP) 3.02%, an average inflation of -0.05% and a nominal GDP of $ 103,877 million.
For the assembly members who opposed To the proforma, from UNES, PSC and Pachakutik, it is necessary to take into account the figures previously proposed by the Government, so that they are not repeated in the budget that must arrive until tomorrow. (RR)
