2024-05-09 11:04:26
After facing criticism for low budget execution during the first months of the year, the Ministry of Finance has issued a statement highlighting significant progress in the execution of the national budget. According to the statement, with data updated until April, the Government has executed 35.8% of the amount approved in the General Budget of the Nation for the current year.
The report details that of the $503.1 billion allocated in the General Budget of the Nation for 2024, $146.3 billion have already been committed to the operation and investment of the entities at the end of April. This represents an increase of 27% compared to the same period last year.
One of the highlights in the statement is the acceleration of investment management during the month of April, reaching commitments for a total of $45.6 billion, which is equivalent to 45.6% of the total allocated for investments. This amount represents a significant nominal increase over the previous year, with $9.5 trillion more committed in 2023.
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Regarding the sectors with the highest levels of investment execution, Education (33.9%), Mines and Energy (30.2%), Science and Technology (18.7%), Equality and Equity (17. 6%) and Transportation (17.1%).
Regarding operating expenses, it is reported that $84.3 billion has been committed at the end of April, which represents an execution of 27.3% compared to the legal authorization for the entire year. This increase of 1.6% compared to the historical average between 2000-2023 indicates an effort to improve budget management.
The report also highlights that the Government has fulfilled up to 97% of its obligations, with payments totaling $95.4 billion between January and April, excluding debt service. In this last aspect, payments of $21.8 billion have been made during the same period, which represents approximately a quarter of the total scheduled for this concept in 2024.
The Ministry of Finance hopes that these figures reflect a continued commitment to efficiency in the use of public resources and significant progress towards meeting the objectives established in the General Budget of the Nation for the current year.