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Festival of subsidies: Argentine Trains only collects 2.3% of what it spends

by szsvw
March 18, 2023
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The main state company in the railway sector is railway operator State Society. The company that accumulates more employees and functions reserved a budget for subsidies in 2023 of 265,833 million pesos.

From the Ministry of Transport They assure that it is not a novelty and it is all reflected in the budget. The striking thing is that each day the firm has 728 million 300 thousand pesos to spend.

The analysis continues with the fact that the company will have its ticket offices open to collect tickets that will only represent he 2.3% of the total amount spent. That is to say, he budgeted 272,358 million pesos per yearof which only 6,500 million pesos will be for income from ticket purchase and sale operations.

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An important detail is that the official budget was based on the 60% inflation expected a few months ago.according to the projections of Sergio Massa.

Updating the values, the need for this year will be around 350,000 million pesostaking into account that the payroll is 24,423 employees between permanent and temporary plants.

In addition, from the state company they expect to end the year with some 550 new workers.

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