Argentina submits 2027 budget bill to Congress, foresees 4% GDP growth
- On Tuesday, President Javier Milei's government submitted its 2027 budget proposal to Congress with a full set of economic assumptions, laying out spending priorities and growth forecasts ahead of next year's presidential election.
- Since taking office in late 2023, Milei has implemented sweeping austerity measures that reduced public expenditure and produced fiscal surpluses for two consecutive years, the first time since 2008, while inflation fell to 33.5 percent year-on-year in August.
- The bill projects 4 percent GDP growth for 2027, down from an initial 5 percent forecast for this year, with annual inflation projected at 18 percent, average wages rising 25.4 percent, and a trade surplus exceeding $15 billion.
- Congress faces a three-month negotiation window to approve the bill, with formal debate opening October 5, positioning the budget as Argentina's unprecedented fourth consecutive year of fiscal surplus.
- With presidential elections scheduled for October 2027, Milei's budget serves as his economic roadmap for re-election, though government credibility depends on whether 2027 outcomes match projections after currency forecast misses in 2026.
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72 Articles
Argentina's 2027 Budget Sets Growth, Inflation and Peso Targets
Key Facts — What happened Argentina filed its 2027 budget bill on the September 15 deadline, with growth and inflation assumptions attached. — Growth The government projects the economy will expand 4 percent in 2027. — Inflation Officials expect prices to average 21.1 percent for the year and end it near 18 percent. — The […]
The bill sent to the Chamber of Deputies for next year, in which Milei will seek re-election, foresees fiscal and commercial surpluses
Santa Maria Times
Independent EspañolBUENOS AIRES (AP) — The government of Javier Milei plans for the last year of his first term to maintain the fiscal surplus, a growth of 4% of GDP and accumulated inflation of 18%, according to the main guidelines of the project...
Argentina submits 2027 budget bill to Congress, foresees 4% GDP growth
Argentina's government presented its budget proposal for 2027 to Congress on Tuesday, detailing the economic projections and spending priorities of President Javier Milei before next year's presidential elections. Also read: Argentinos sees a worsening of the economy under Milei, despite Milei's stabilization in social media starts to fail in Argentina Argentina expands judicial offensive against oil exploration companies in the Malvinas Accordi…
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