Draft Budget and Tax Bill for 2015. October 2014. Budget. Total Expenditure: ARS 246,207.4 million Total Revenues: ARS 246.285,9 million Financial Result: ARS 78.5 million Third consecutive year with a positive primary result : Closing 2013: ARS 3.32 billion
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The balance in the budget is not a goal in itself other than a means to sustain public policies in time
Proj. Bud. 2015
Proj. Bud. 2015Due to public demand, we priritizy Security and Social Services
(in thousands of pesos)
EDUCATION FINANCING FUND
FONDO SOLIDARIO PROVINCIAL
(Afectado a Infraest.)
FPS and SA Fund (
To social plans)
FPS and SA Fund (
To waste treatment)
MUNICIPAL STRENGHTENING FUND
SOCIAL INCLUSION MUNICIPAL FUND
12,8 %Transfers to Municipalities
Between 2007 and 2014, transfers to municipalities have grown by 570%
For 2015 the tax law sets forth measures to sustain the progress made in terms of equity and progressivity in the provincial tax structure, promoting, inter alia, the necessary updates to mitigate the loss of tax share in public financing.
Urban Real Estate /Housing prices
Without tax updates the real estate tax policy to housing price ratio would reach the lowest level in the last 22 years.
Automotive/Urban Real Estate Tax
With tax increases we would not recover what has been achieved in 2013, we would only prevent the bias to continue
Rural Real Estate per ha/kg of a youngbullprice
While in 2013 the tax accounted for 7.6 kg of young bull per ha, even with a tax increase for 2015 we would reduce to 5.3 kg per ha
…Debt reduction …
Debt / GDP (%)(1)
Debt / Total Revenues
(1): The data correspond to the report on “Gross Domestic Product of the Province of Buenos Aires“ elaborated on October 9, 2013 by the Provincial Statistics Bureau.
Source: Ministry of Economy.
During 2015 we will maintain the debt reduction policy, with a ARS 1.6 billion reduction. Debt service will be paid in the amount of ARS 21.06 billion and potential funding operations are expected for ARS 19.41 billion.