OPC 5 Financial Report 5 NATIONAL GOVERNMENT FINANCIAL REPORT 2023
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NATIONAL GOVERNMENT FINANCIAL REPORT 2023

05 September, 2024
INFORME SOBRE LA CUENTA DE INVERSIÓN - 2023

For the year 2023, both revenues and expenditures exceeded the levels originally estimated, largely due to the difference in the price variable. Total resources were 28.9% higher than the initial estimate, and total expenditures exceeded the total authorized by law by 31.3%.

  • Financial result for fiscal year 2023 ended with a deficit of ARS8,956.388 billion, equivalent to 4.7% of GDP, higher than that initially estimated.
  • This deficit was 0.7 percentage points lower than the deficit of 2022 (5.4% of GDP).
  • Budget amendments increased budgeted expenditure by ARS11,457.402 billion (39.6% of the initial appropriation) and increased revenues by ARS5,827.606 billion (25.8%).
  • This increased the initially estimated financial deficit by ARS5,629.796 billion (2.9 percentage points of GDP).
  • The largest deviation was observed in transfers to provinces (93.4%).
  • As of December 2023, the National Government had a total of 415,970 employees, with an increase of 1.7% in the number of positions.
  • The total public debt stock reached 156% of GDP, which represents an increase of 71.4% of GDP with respect to year-end 2022, largely due to the impact of the devaluation and inflation.
  • The consolidated budget execution of state-owned enterprises recorded a financial deficit of ARS826.601 billion in 2023, lower than that of the previous year.
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