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Santa Fe Projects Balanced 2025 Budget With Record Real Capital Spending

Provincial officials cite austerity as the driver of equilibrium despite delayed pension transfers from the national government.

Overview

  • The Economy Ministry estimates total 2025 revenues at about $11.79 trillion and expenditures at roughly $11.78 trillion pesos, yielding a technically balanced result.
  • Real-terms capital outlays are projected to exceed $1.136 trillion pesos for patrol cars, ambulances, hospital equipment and education works.
  • November’s partial result showed a $96.23 billion pesos shortfall after the province covered missing national contributions to the Caja de Jubilaciones.
  • Officials calculate that, with those transfers, November would have posted a $125.38 billion pesos surplus and a larger year-end positive balance.
  • The latest report notes that VAT, Income Tax and Gross Income Tax dominate provincial tax inflows, and that most capital spending was financed with operating savings.