Economic classification of expenses of Local Entities

The economic classification of the expense budget provides information on how it is spent. To this end, the credits in the expense budget are ordered according to their economic nature, distinguishing between credits intended for current operations (such as personnel and current expenses for goods and services, necessary for the operation of public services, as well as financial expenses and current transfers); credits for capital operations (such as expenditure on real investments and capital transfers); and credits intended for financial operations (such as obtaining and repaying loans received by local entities).