Proposed state budget for 2024

This Tuesday, October 10, the Government presented in Parliament the State Budget proposal for 2024, which includes measures focused on increasing the incomes of families, particularly those of the middle class, through the increase of pensions and salaries or the reduction of IRS rates in the first five. brackets. The document also includes measures focused on housing, through the increase in the endowment planned for public housing construction, or even the reduction of the corporate tax for startups and a set of new incentives for research and the promotion of business investment.

We have prepared the attached technical note, which summarizes the most relevant measures that make up this document.

If we analyze the parliamentary budget calendar, the next steps will be as follows: the Ministers of Finance and Labor will appear in Parliament on October 26 and 27. The State Budget will be discussed and voted in general on October 30 and 31 and, as the PS has an absolute majority in Parliament, its approval is guaranteed. Subsequently, the diploma goes down to the specialty committees, and the remaining Ministers and some entities will be heard between November 2 and 14.

The deadline for submitting proposals for changes is November 14.

The final overall vote and approval of the State Budget, which will take effect on January 1, 2024, is scheduled for November 29.