Government Expenditure Recorded an Execution of 78.5% This Year

According to Minfin, budget execution is expected to be 96.0% by the end of fiscal year 2023.

by Pamela Contreras

Guatemala City, by Brenda Larios -AGN-. Central administration agencies report an expenditure execution of 78.5%, equivalent to USD 11.9 billion, as of October 31 of this year.

According to the Ministry of Public Finances -Minfin-, “In year-on-year terms, the amount executed in the first ten months of this year is 9.5% more than that recorded at the same date in 2022, when it amounted to USD 10.8 billion.”

The current budget for government expenditure up to December of this year is USD 15.1 billion.

Improved Execution

According to Minfin data, the execution of government expenditure in the fiscal year has shown a positive performance, exceeding the average of previous years.

The year-on-year average expenditure execution as of October 31 over the last five years is 72.3%. While in 2018, the execution was 74.4%, in 2019, it was 75.0%.

In 2020, it reached 70.2 %; in 2021, 66.4 %; and in 2022, 75.3 %.

The Minfin estimates that the budget execution at the end of fiscal year 2023 will be 96.0%, equivalent to USD 14.5 billion of the current USD 15.1 billion.

Execution by Institution

In general terms, all public entities report a good expenditure performance. The Ministry of Energy and Mines recorded a budget execution of 91.3%, or USD 36.6 million, out of USD 40.1 million.

Likewise, the Ministry of Communications, Infrastructure, and Housing is the one that registers the highest percentage of annual expenditure growth, with a variation of 36.8% and a total execution of its budget of 85.5%, that is, USD 892.4 million out of the 1 billion, 43 million dollars in effect.

The Ministry of Social Development has a budget execution of 73.4%, or USD 173.9 million, out of a total budget of USD 236.9 million.

The Development Ministry is the second agency with the highest positive year-on-year variation in its expenditure level as of October 31, at 29.5%.

Other Ministries

The Ministry of the Interior recorded a year-on-year variation in spending of 19.3%, with the execution of USD 694.6 million, representing 78.7% of its current budget of USD 882.6 million.

Expenditure on Treasury Obligations amounted to USD 3.8 billion as of October 31, equivalent to an execution of 74.1%, representing a year-on-year variation of 14.3%.

On the other hand, the Ministry of Agriculture, Livestock, and Food presented a budget execution of USD 151.2 million, equivalent to 76.2% of its current budget, with a year-on-year variation in spending of 12.6%.

The Ministry of Education, with a year-on-year variation in spending of 10.1%, recorded a budget execution of 82.0%, equivalent to USD 2.3 billion.

The public debt services item recorded an execution of 84.0%, or USD 1.7 billion of the current USD 2.06 billion, a year-on-year variation of 6.7%.

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