Income from gas and oil royalties remained at the top of those that maintain the finances of Rolando Figueroa’s government. Indeed, They outnumbered their own revenue, which is also fueled by the hydrocarbon activity of Vaca Muerta, and, by far, to federal co-participation.
According to a report released by provincial deputy Darío Matínez (Union for the Homeland)royalties reached a total of $122,531 million in May, verifying a growth of 4% month-on-month.
In terms of oil royalties, $92,034 million were collected, which shows a growth of 4% compared to the previous month, indicated the exhead of the National Energy Secretariat.
He pointed out that royalties from gas reached a collection of $28,153 million. “Although in both cases it isvery close to saturating the pipelines, in gas matters “It foresees an increase in royalties for next month given that in June the production of May, the first month of winter for the gas industry, will be settled at a higher seasonal price,” the legislator clarified.
In relation to the general picture, indicated that the provincial state collected $52,829 million more last May than in April, which meansThere was an increase of 22% between both months.
While in April the provincial treasury raised a total of $242,759 million, that isThe amount climbed to $295,588 million in May. He highlighted that royalties represented 41.5% of the total collected and that provincial taxes reached 30.4%, andResources of national origin constituted 28.1% of the total resources entered into the Neuquén treasury.
Martínez analyzed that the monthly increase verified in May was not even for the concepts of Income, nor a product of the level of activity or prices.
He analyzed that 75% of that increase, that is, $39,189 million is explained exclusively by one variable: the effect produced by the devaluation ofe December in the assets of financial institutions and other companies with dollarized assets.
Devaluation effect
For the purposes of calculating the 2023 income tax, it produced an extraordinary holding gain, which impacted the amount of the final tax and, pTherefore, in the balance of the tax that companies with balance sheets closed as of December 31, had to pay AFIP during last May.
He observed that taxes whose collection is in direct line with the level of activity such as VAT DGI and the check tax, as well as the general development of the economy, showed a real retraction of around 10%.
- Royalty income
- Of Neuquén’s total revenue pie came from the extraction of gas and oil.
In May, self-collected resources reached a total amount of $89,883 million, with a growth of 12% compared to the previous month, according to the report released by legislator Darío Martínez (UxP)
He maintained that this behavior is based on the growing movement of the collection of the tax on Gross Income that, with a delay of two months given its settlement mechanism, it copies the movements of the GA royaltiess and oil.
This tax raised $84,735 million, 11% higher than April.
For its part, while the Real Estate Tax reaped $892 millionstamps reached a collection of $ 4,256 million, influenced by the signing of contracts in the oil industry that has increased drilling and fractures by more than 22% with a view to producing, starting next February, new volumes of crude oil that will be transported by the new Duplicar pipeline Oldelval Plus, which will be put into service on that date.
Automatic transfers through federal co-participation grew 113% compared to the previous month. In May they reached $72,451 million, which meant fresh funds higher by $38,449 million
