Through Decree 829/2022 published in the Official Gazette on Wednesday the 14th, the Government increased the budget of the current year in 1.3 trillion pesos, being 1.1 trillion of that amount for public credit operations and increasing the Compensation Fund for Public Transportation of Urban and Suburban Passengers in the Interior of the Country by 48,000 million pesos.
It will be allocated from budget 69,802,050,728 pesos for the payment of pension debts recognized in court to retirees, retired, pensioners of the Armed Forces and the Security Forces together with the Federal Penitentiary Service. There was also an increase of 5,500 million pesos in the amount for the payment of pension debts recognized in judicial and administrative headquarters for the benefits of the Argentine Integrated Pension System (SIPA) in charge of the ANSeS.
With respect to Ministry of Transport, the 48,000 million pesos have the objective of compensating financial imbalances for the jurisdictions assisted by the National State. “After the opposition did not approve the Budget for the financial year 2022 and the difficulties generated as a result of this, the Government extends the amount of the Compensation Fund to the Interior of the Country”, they said from Transport.
Also, it was determined by Decree 829/2022 that the Ministries of the Interior, Economy and Tourism and Sports and the Chief of Staff must constitute a free financial application for the National Treasury for $82,000 million, $7,000 million, 6,000 million and $75,000 million respectively.
YPF will make the largest investment in its history
The national oil company Yacimientos Petrolíferos Fiscales (YPF) could approve on Thursday the 15th of this month an investment plan that would reach US$5.5 billion. This represents 25% more than what closed in 2021 with an investment of US$4.1 billion.
The interannual projection of the increase in production is estimated to end 2022 with a positive value of 9%. With this value, YPF could achieve self-sufficiency and position itself as a new crude oil exporter by the second quarter of next year.
