US EditionArgentina's Congress approves 2026 budget, first under Milei
Argentina's Senate approved Milei's 2026 budget with 46 votes in favor, targeting 10.1% inflation, 5% growth, and a 1.2% GDP primary surplus, strengthening the IMF deal.
- On Friday, December 26, Argentina's Senate approved the 2026 budget in a 46-25 vote with one abstention, following Chamber of Deputies approval.
- The budget replaces two years of reconduced budgets and authorises foreign bond issuance, aiming to shore up Argentina's US$20-billion IMF agreement heading into the new year.
- Economic assumptions underpinning the bill include 10.1% inflation, 5% economic growth, a 1.2% of GDP primary surplus, and total spending near 148 trillion pesos .
- The legislative win reflects President Javier Milei's increased support after the midterms, with votes from Macri's PRO party and others, and Senator Ezequiel Atauche said, `We are not going to spend more than we make, we are going to get our accounts in order`.
- Milei clashed with allies over spending on universities and disability programmes this year and snubbed Mauricio Macri for an auditor general board seat, while Article 30 removes legal investment floors for science and technology.
68 Articles
68 Articles
The government of the Argentine president, Javier Milei , arrives at the end of the year with an excellent news to celebrate. On Friday night, and after an extensive debate in Congress, Casa Rosada has managed to get its budget approved for 2026. This is the first time that Parliament has given the green light to the budget since the arrival of the libertarian in power. In the same vote, carried out almost midnight, the law of 'tax innocence' wa…
The president of Argentina, Javier Milei, celebrated this Saturday the approval in the Parliament of the Law of Budget 2026, which includes a pattern of primary fiscal surplus equivalent to 1.5% of GDP. “There is no record of the approval of a budget with fiscal balance of a non-peronist space with these numbers,” said on social networks the head of State, who called the approval of this Budget as a “historic fact.” The Law of Budget 2026, which…
This is the logical consequence of last October's parliamentary elections, which made Javier Milei and his allies the country's first political force. For the first time in his term of office, the Argentine Congress validated the ultraliberal budget of the far-right president.
Mr President, in 2023, Javier Milei had not yet been able to approve a State Budget.
Javier Milei has been president of Argentina for about two years. Now he can hold the office for the first time with a regular budget.
Argentina Passes Milei’s First Budget, Betting on Low Inflation and Fiscal Surplus
Key Points Congress passed the first Milei-written budget, replacing two years of rolled-over spending authority. The plan bets on 10.1% inflation, 5% growth, and a 1.2% of GDP primary surplus in 2026. A late fight over scrapping legally protected funding floors, especially for science and technology, showed where resistance still sits. After an extended session […]
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