Federal government spent more than expected from January to November 2022

From January to November 2022, the federal government reported an exercise of the public spending of 160,832 million pesos, higher than that contemplated for the period, according to the Report on Public Finances and Public Debt prepared by the Ministry of Finance and Public Credit (SHCP).

In this sense, of January to November The Government of President Andrés Manuel López Obrador reported a total expenditure of the budgetary public sector of more than 6.4 trillion pesos, an annual increase of 5.1% in real terms.

In the breakdown of information, the primary spending registered more than 5.8 trillion pesos in the referred period, which is an annual increase of 4.3% and 156,666 million pesos higher than estimated by the SHCP.

Within primary spending is the programmable expense, which used resources for 4.8 trillion pesos, 3.7% higher than what was used in the same period last year. This item had an expense of 147,923 million pesos greater than what was programmed

Related Post

Competition in the mobile market, a complicated challenge

May 16, 2023

Janet Yellen believes in a solution to the deadlock in negotiations on the US debt ceiling

May 13, 2023

Debt limit project will be voted in the United States

April 24, 2023

ISR collection continues to dazzle; grew 9.8% in January

March 7, 2023

According to the functional classification, it revealed the SHCP62% of the programmable spending was allocated to social development, 30.5% to economic development and 7.5% to security, justice, legislation and contributions to stabilization funds, among others.

In the accumulated to November, spending on social protection showed real annual growth of 8.9%. Meanwhile, spending on economic development reached a real growth of 5.3% compared to the same period in 2021”, mentioned the Ministry of Finance.

On the side of non-programmable spending, the government allocated 980,978 million pesos, a 7.6% annual increase, and 8,742 million pesos higher than expected.

Inside the non-programmable expenseparticipations in states and municipalities registered 980,637 million pesos between January and November, which represented an annual increase of 7.2% in real terms.

In said item, the amount of the expense was higher than the program by 38,401 million pesos derived from the good performance of the participatory federal collection, which registered an annual increase of 5.4% in real terms.

santiago.renteria@eleconomista.mx