The report basically summarizes macroeconomic projections for the current year, budget execution through May 2024, estimated revenues and financing strategy for 2025, and government employment management. The description of the scenario and the budgetary policy proposals refer to:
- In the first five months a primary surplus of 1.1% of Gross Domestic Product (GDP) and a financial surplus of 0.4% of GDP were achieved, after debt interest payments.
- In 2024, GDP will fall by 3.5%.
- The trade surplus will exceed USD 21 billion.
- Zero deficit and sustained fiscal balance is a political priority. Also, the social assistance without intermediaries, the modernization and simplification of the State and the equipment and modernization of security and defense.
- National revenue will increase 54.4% next year and the tax burden will be reduced by 0.45 percentage points.
- The maturity profile is expected to be extended and the financial burden on the Treasury’s accounts is expected to be reduced.