Home » Neuquén collection was able to contain inflation in the first half of the year

Neuquén collection was able to contain inflation in the first half of the year

by drbyos

The tax collection in the province of Neuquén managed to maintain above the price increase during the first semester and accumulated a nominal increase of more than 138% compared to the same period last year. According to the information published this week by the Revenue Department, from January to June more than 115,500 million pesoswhose bulk came from the collection of Gross Income.

The figure exceeds that of the first half of 2022 by more than 67,000 million and suggests that by the end of the year it will be well above what was projected in the budget. Although the amount collected so far is approximately half of the estimate for the entire year, as the collection increases month by month, the number for the second semester will end up being much higher.

The resources from the collection of Gross Income, Stamps and Real Estate Tax are the second most important source of current financing of the government behind the hydrocarbon royalties. The latter represent just over 42%, while collection is 32%. The federal co-participation, on the other hand, has less and less weight in the budget and only reaches 26% of the total current monthly income.

Domestic shipments are also the only ones that have been lagging behind inflation so far this year.

In it tax collectioninstead, the province managed to obtain a real rise of 14% in interannual terms in the accumulated of the entire semester. It was even higher if only June is compared against June, with a monthly collection this year of more than 22.3 billion when in 2022 it had been 9.2 billion.

The detail reported by Rents indicates that Gross Income contributed 20,478 million pesos, while 1,475 million were collected by Stamps and 380 million by Real Estate.

The performance of hydrocarbon royalties is not yet known last month, since the government affirmed that they will only be liquidated on the 17th. The next day, with those resources, it will deposit the half bonus of state workers.

The latest official information corresponds to May, when 27,815 million pesos entered of which more than half corresponded to oil royalties.

As a result of a sustained increase in production, the province pocketed almost 18,000 million for this concept, while the gas companies accumulated a little over 9,200 million in the month. Although in nominal terms their contribution was lower, they were the ones with the greatest year-on-year increase: 42.6% in real terms compared to May of last year.

Today the new increase for the state of Neuquén will be known

The provincial government must face a new increase with the payment of salaries this monthcorresponding to the cumulative inflation between May and June. Although the final data will be known today, when INDEC and the Neuquén Statistics and Census Office release the CPI corresponding to last month, it will very possibly be above 14%.

The personnel plant takes almost two thirds of the current income that the province has and the automatic update scheme ends up liquefying a good part of the increases that are obtained due to the improvement in collection and royalties.

So far this year, three salary increases have already been paid to the more than 60,000 state workers: the first corresponded to the inflation in January and was 6.45%; the second for the February-March bimester amounted to 14,9%; and that corresponding to April inflation was 8,67%.

In June, the province’s wage bill was around 39,000 million pesos, so an average increase of 14% would take it to approximately 44,500 million.

Related Posts

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.