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October 20, 2022
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There is an opinion in Deputies and the 2023 Budget will be discussed next Tuesday

There is an opinion in Deputies and the 2023 Budget will be discussed next Tuesday

Carlos Heller chairs the Budget and Finance Commission of the Chamber of Deputies.

The Front of All of the Chamber of Deputies managed to issue majority ruling, backed by provincial blocson the 2023 Budget project, so that it can be discussed in a session to be held on October 25.

The ruling party, among other concepts, agreed to incorporate a clause as requested by Together for Change so that if the inflation or collection guidelines are exceeded, a project to expand expenses and resources is sent.

How is the treatment going?

To plan Tuesday’s session, next Monday the block presidents will meet in Parliamentary Work.

The objective is to obtain between Tuesday and Wednesday the half sanction to allow the Senate to have the necessary time to convert this key project for the Government into law before November 30.

The budget already has more than 65% of the funds allocated to social spending, including payments from the different assistance plans, as well as retirement and pensions, and funds for health, science and education will be prioritized.

It estimates a total expenditure of almost $29 billion, with an approximate revenue of $22.5 billion and a primary deficit of $6.3 billion.

It also contemplates an increase in private consumption estimated at 2.2% and investment at 2.9%, while in terms of financing it seeks to reduce monetary assistance from the Central Bank to the Treasury.

Regarding the distribution of spending, the project contemplates allocating $1.6 billion to the Government Administration, $1.2 billion to Defense and Security Services, $18 billion to social spending, $4.5 billion to economic services and debt public $2.9 billion, which implies almost $29 billion.

It contemplates an increase in exports of 7.1% against imports that would increase 2% next year, and in this way, the trade surplus would go from US$7.7 billion this year to US$12.3 billion in 2023.



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