According to a study by the General Audit Office (AGN, for its acronym in Spanish) in 2006, 33 of the 60 audited international loans meant for funding the Argentine government’s programs were under used. These programs belong to the Ministries of Economy, Federal Health, and Planning executed their budget slower than was anticipated at the time of the loan approval by multilateral organizations such as the Inter-American Development Bank and the World Bank had estimated.

The irregularities detected by the AGN deal with problems in internal accounting controls, and the selection and hiring of consultants providing services in the programs. In numbers, the projects studied by AGN totaled 4,700 million of which only U $ S 2.444 million (51%) were executed. This forced the ministries to manage extensions against lending agencies, and even had two programs that had to be suspended for failing to work in the specified times.

But the underspending of budgets not only affects the eventual recipients of government projects. The AGN studied the "fine print" of loans and discovered what is known as "commitment fees", which is money that the State must pay as compensation for the sums of the approved budget that are not paid on term loans. For example, in an under used loan of 100 million dollars, "commitment fees" were paid for 1.2% of the total operation (USD 1.2 million), although there are cases where the percentage of penalty exceeds 6.5 percent. That money lost is absorbed by the Federal Government and becomes part of the external debt.

The AGN attributes the irregularities to "the inefficiency of executing units" and does not see any changes in the short term, as long as "there are no correcting means to cause compliance with the rules and contracts that regulate the activity of the projects and those who run them.”