The Congress of the Republic approved the Law on the State Budget for 2023

With 77 votes in favor, 11 against and 13 abstentions, the Congress of the Republic approved State Budget Law of 2023, not affecting the contingency reserve. In accordance with the last paragraph of Article 78 of the Standing Orders of Congress, this rule does not require a second vote.

This comes after the Budget Commission and the Ministry of Economy and Finance (MEF) reached consensus to adopt a replacement text that was requested by various parliamentarians for next year’s budget. The goal was to keep the budget in balance.

Details

According to the opinion presented by the Budgetary Commission, the budget item is 214,790 million soles, which is 9% more than in the previous year, including maximum budgetary credits that meet the budgetary specifications of the national government, regional governments and local governments. This is the highest growth recorded in the last 5 years.

Also Allocated S/101 million for various health programs such as cancer control, prevention and attention to mental health, and surveillance and surveillance, and various diseases, among others.

It should be noted that the voting was carried out on substitute texts and it was instructed to receive applications in the next three hours, which technical specialists Ministry of Economy and Finance they still need to tune in; this is due to the need to approve budget laws before midnight as a constitutional requirement.

Project presentation

Chairman of the Budget and Accounts Commission of the Republic, Jose Luna Galvez (we can pen), welcomed the presence of the Council of Ministers and stated that, after intense debate, “the agreed text of the laws financial balance, debt and budget for 2023”.

“This work,” he clarified, “was carried out “technically and transparently, in compliance with the principles of financial balance and macro-fiscal rules.”

He immediately emphasized that “the most important thing is that, after listening to the congressmen and taking into account most of their requests, this proposal, sent by the executive branch, was given social content and a human face (budget).” .

He then listed the included articles, as well as the final supplementary provisions, proposals that had been approved by the technical experts. Ministry of Economy and Finance (MEF)which highlights a set of tasks to meet the legitimate demands of social programs and less privileged citizens.

For example, he quoted that one hundred million salts would be allocated for common pots; for a glass of milk, one hundred million salts; for Fonavista, 50 million soles; funding is provided to visit the cancer and mental health unit; funding for hospitals and health centers in Piura, San Juan de Lurigancho, Huancan (Puno), Huaycan, Utcubamba.

Similarly, budget lines have been included for the gradual appointment of CAS staff from the Ministry of Health, which should start in 2023 at 20 percent.

“Mr. President,” Luna Galvez repeated, “this budget is in full compliance with the law, balanced and constantly approved by the Ministry of Economy and Finance,” which he welcomed and thanked for the work done.

Earlier, he indicated that those proposals that were not included would continue to be evaluated by the Commission, which he chairs.

Laws of Financial Equilibrium and Debt

Similarly, the plenary session of Congress approved the Public Sector Debt Act for Fiscal Year 2023 with a 66-yes vote; and the Law on the Financial Balance of the Budget Public sector for fiscal year 2023 with 78 yes votes.

These laws establish the estimated resources that will finance the next year’s budget, as well as the rules for balancing revenue and expenditure in the budget. Government sector.

Income to finance the approved budget comes from Regular Resources (141.5 billion Singapore dollars), Certain Resources (39.1 billion somoni), Resources for Official Lending Operations (28.3 billion Singapore dollars), Directly collected resources (S$5.3 billion) and Donations and transfers (296.7 million somoni).

For its part, according to the MEF, the Public Sector Debt Bill for Fiscal Year 2023 aims to establish maximum amounts for reconciliation of new foreign and domestic debt transactions, including the amount of guarantees provided/arranged by the National Government to meet requirements arising from the Private Investment Promotion Processes through public-private associations.

burneo exhibition

Economics and Finance Minister (MEF) Curt Burneo Farfan noted that the proposal takes into account the relevant financial balance and tax rules, and stressed that the presented project maintains balanced income and expenses in excess of the proposed amount. C/ 214 790 274 ​​052.

In addition, Burneo explained that PIA 2023 registers an increase over PIA 2022 for the education function by 16.9%; for health – 7.9%; Social Security, 9.3%; Public order and security – 7.7%; and for transport, 4.6%.

Request from Betsy Chavez

Additional expenses proposed by Congress to be included in Budget Law 2023 will lead to a number of consequences, warned the Chairman of the Council of Ministers, Betsy Chavez Chino. One result will be the hiring of more medical staff.

Chávez Chino warned that there are 10 additional provisions, equivalent to the extra sols 1,164 million allocated to the contingency reserve, money not provided for in the bill introduced by the executive in August this year.

“Attention to these additional costs will entail various costs provided in the contingency reserve, and mainly the following: continued hiring of former CAS COVID-19 “19 full-time CAS out of 12,347 technicians or 4,566 doctors in the health sector,” he warned.

Parliament also included US$238 billion in contingency investment projects as an “additional specification budget requirement”.