US EditionMilei Changes Course: Argentina Will Boost Social Spending After Austerity Years
The 2026 budget aims for a 1.5% fiscal surplus with increased social spending, including an 85% allocation for education, healthcare, and pensions, amid political challenges.
- Argentina's President Javier Milei presented the draft budget for 2026 on Monday, focusing on restoring fiscal balance and increasing social spending.
- The budget aims to reduce the fiscal deficit from 3.5% to 2.1% of GDP by controlling expenditures and reforming taxes while preserving vulnerable support.
- Key allocations include an 8% rise in social spending, with 85% of funds directed to healthcare, education, and pensions, including increases above inflation.
- Milei declared in a national address, “There is no other way but that of fiscal balance,” underscoring the budget's fiscal discipline priority ahead of a high-stakes election.
- The budget reflects efforts to stabilize Argentina's economy through balancing austerity with social protection amid ongoing economic challenges and political uncertainties.
56 Articles
56 Articles
Argentine Assets Rebound After Milei Strikes More Moderate Tone
Argentina’s dollar bonds and currency are recovering from a week-long rout after President Javier Milei struck a more conciliatory tone during the introduction of next year’s budget, raising hopes he can gain support ahead of midterm elections next month.
After a severe defeat in elections in the province of Buenos Aires on 7 September 2025, Argentine President Javier Milei changed his tone. In view of the mid-term elections, at the end of October, throughout the country, the ultra-liberal president presented this Monday, 15 September, his draft budget 2026 with a much more measured tone than usual.
Argentina’s 2026 Budget: Milei Pivots from Austerity to New Investments in Key Social Sectors
President Javier Milei’s latest budget plan marks a sharp change after almost two years of austerity. On September 15, the Argentine government presented a 2026 budget that pledges new money for pensions, health, and education. These commitments follow heavy public pushback and a defeat for Milei’s party in key Buenos Aires elections. For business and […]
Milei changes course: Argentina will boost social spending after austerity years
Argentine President Javier Milei has proposed sizeable hikes in pensions, health, education, and disability aid for 2026, signaling a policy reversal even as he faces backlash following his party's poor…
The text, which has already entered Congress, confirms the premise of fiscal balance. It also recognizes increases in items such as universities, retirements, education, health and disability.
UPDATE 2-Argentina draft 2026 budget spotlights fiscal balance, hikes social allocations
UPDATE 2-Argentina draft 2026 budget spotlights fiscal balance, hikes social allocations Argentina's President Javier Milei on Monday presented the government's proposal for next year's budget, which he said would guarantee a fiscal balance, a cornerstone of his economic policy, while also hiking funds for healthcare, education and pensions."There is no other way but that of fiscal balance," Milei said in a national address, ahead of a high-stak…
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