The Committee of the National Assembly for the Budget approved Government Resolution no. 135 of December 18, 2023“Which authorizes amendments to Bill 1041 of the General State Budget for the fiscal period of 2024” and was announced for discussion in the regular session.
In this way, the amount of the budget for the fiscal period amounts to 30,690.4 million dollars, which is reduced by 2,064.2 million dollars budget presented last July, with support Minister of Economy and Finance, Héctor Alexander and Deputy Minister Calos González.
During the debate in the first debate on the draft budget, representatives asked UPCG officials to clarify their doubts about the criteria for the reduction of individual institutions and compliance with the Fiscal Responsibility Act.
Project from General state budget for 2024 It does not include amounts for subsidies such as fuel, as well as for the Digital Voucher program.In addition, efforts are being made to target aid given to liquefied gas.
Likewise, he suggests freeze payrolls so that they remain as they are now in 2024, eliminate vacancies, reduce travel allowances, rent and consultancy payments, among others.
Benicio Robinson, Chairman of the Budget Committeehe questioned the fact that requests for budget correction for the amount of 1.075 million dollars were not considered, after the previous support of the institutions.
Robinson also che questioned Ministry of Economy and Finance due to the cuts applied in certain institutions and the criteria used for this purpose.
Likewise, he expressed doubts about what will happen if what was proposed by the Council of Government is not approved and whether it will lead to curbing spending.
The Budget Committee A permanent session has been announced, where what was sent by the Executive Body will be evaluated and discussed in detail.
After more than six hours of work, a break was announced today until 11 a.m. for the analysis of the first block of changes to the General State Budget project for the period of 2024.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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