The CEESP warns risks in public spending for 2025

by times news cr

2024-04-13 17:10:47

After reviewing the General Precriteria of Economic Policy 2025which issued a few days ago Secretary of Financehe Center for Economic Studies of the Private Sector (CEESP) called for caution, since risks are still observed in the sustainability of resources.

“Caution will have to be maintained, since on the one hand there are still risks in the sustainability of the resource sources of the public sector”, said the business entity in its weekly economic outlook.

He specified that the evolution of spending is still largely associated with the political environment, since the strong increase in expenditures by 2024 They are related to the need to conclude the Government’s flagship projects in the middle of an electoral period.

He CEESP emphasized that the drop in spending for 2025 reflects the conclusion of all these projects.

He considered that in the document Hacienda, It can be seen that the authorities continue the practice of budgeting based on optimistic scenarios and not with the reality of the current situation.

“The bad thing about such a scenario is that, when the fortune and resources are exhausted at once, the dilemma will be the real cut in public spending, which will probably affect social priorities such as health, education y security, or the deterioration of public finances via deficit and public debt.”

He center of Economic Studies of the Private Sector He explained that although it is true that the Pre-Criteria do not show anything surprising, they do reflect the need to strengthen the sources of public resources.

2024-04-13 17:10:47

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