Transfers from the national State to the 23 provinces and the City of Buenos Aires amounted to $2.6 trillion in the first semester and showed a nominal increase of 69.9% compared to the same period last year, in what again represents a growth above inflation.
Although there is still no data on the collection of each of the 24 subnational districts -which generally publish the information in the middle of the following month-, from the reports available to May it can be concluded that the total consolidated income of the provinces and CABA had an increase in the first semester in real terms.
In June, the total of transfers to the provinces and CABA was $603,983.3 million, the maximum historical value in current values
According to data from the National Directorate of Provincial Affairs (DNAP) of the Ministry of Economy, analyzed by the consulting firm Politikon Chaco, automatic transfers (co-participation, special laws and compensation for the Fiscal Consensus) from the Nation to the 24 districts reached 2 billion 664,151.6 million pesosyes
With an estimate of inflation of 5% for June (the official index will be released on July 14), transfers had an expansion of 7.6% in real terms in the first half of the year.
The entity directed by the economist Alexander Pegoraro warned that the real improvement compared to the same period in 2020 was 21.1%, a percentage that was affected by the drop in activity (and therefore, collection) at the start of the pandemic, but increases were also recorded at constant values of 4.5% in relation to 2019, 2.4% compared to 2018 and 18.4% when compared to the values of 2017.
In these last cases, it must be taken into account that the “Agreement for the New Federalism” was still in force, through which 15% of the coparticipable mass withheld between 1992 and 2015 was gradually reinstated, at a rate of three percentage points per year. .
In June, the total transfers to the provinces and CABA were $603,983.3 million, the highest historical value in current values, with a nominal increase of 87.8% compared to the same month in 2021 and a real increase of 14.9%.
The real positive variation in the first semester occurred in the 24 districts: in 15 with percentage increases above the average, eight below that level and the rest (San Luis) coincided with the general 7.6%.
By jurisdictions
The jurisdictions with the greatest real increase in terms of transfers received in the first semester were Cordova Y Between riverswith a real positive variation of 8.6% compared to January-June 2021, followed by The Pampa Y Santa Fe (both with 8.4%), CABA Y Catamarca (8%), San Juan Y Tucuman (7.9%), Jujuy, mendoza Y Santiago del Estero (7.8%), Chaco, Formosa, The Rioja Y jump (the four with 7.7% real variation).
In descending order, the eight provinces with the lowest real growth were currents Y Missions (7.4% in both cases), Buenos Aires (7%), Black river (6.9%), Santa Cruz (6.8%), Chubut Y Land of Fire (both with 6.7%) and Neuquen (6.5%).
Regarding the amounts received, as usual, the province of Buenos Aires ranked first, as it is the district with the highest rate in the secondary distribution of the Co-participation regime (21.73% according to the latest update of the Commission Federal Tax).
The people of Buenos Aires received a total of $608,429.7 million (22.84% of the total) from automatic transfers in the first semester.
As usual, the province of Buenos Aires ranked first, as the district with the highest rate in the secondary distribution of the Co-participation regime (21.73% according to the latest update by the Federal Tax Commission).
Santa Fe had transfers for $229,047.5 million, followed by Córdoba ($222,758.4 million), Chaco ($126,564 million), Entre Ríos ($122,726.6 million), Tucumán ($119,716.3 million), Mendoza ($104,558.9 million) and Santiago del Estero ($104,106.5 million).
With less than $100,000 million, Salta ($98,613.1 million), Corrientes ($95,634.5 million), Formosa ($91,420.4 million), Misiones ($85,305.9 million), San Juan ($83,891.9 million), Jujuy ( $71,392 million), Catamarca ($67,723.8 million), Río Negro ($63,232 million), CABA ($57,248.5 million), San Luis ($56,413.5 million), La Rioja ($51,435.5 million), La Pampa ($47,644, 6 million), Neuquén ($44,662.4 million), Chubut ($40,672.6 million), Santa Cruz ($40,081.8 million) and Tierra del Fuego ($30,871.1 million).
In June, remittances by Federal Tax Sharing (including Educational Financing funds) reached $524,585 million, equivalent to 86.85% of total automatic transfers for the monthwith a year-on-year expansion of 90.3% in nominal terms and 16.4% discounting inflation.
As for the special laws, transfers for the Tax on Personal Assets (25.3%) and VAT on Social Security (8.4%) rose in real terms.
Shipments related to the tax on Liquid Fuels (-27.8%), the Monotax (-12.8%), as well as those of compensation for the Fiscal Consensus (-9.4%), were down, while there were no transfers by the Electric Power Regime.
