Among the reasons, the Executive notes that the short-term financial instrument can be used to cover wage obligations. The amount requested represents a nominal increase of 106% over the $170 billion authorized for 2026. Even with year-on-year inflation of around 33%, the increase exceeds 50% in real terms. The pressure on provincial accounts also appears in this year’s budget expansion: new current resources are not enough to cover the higher w…
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Among the reasons, the Executive notes that the short-term financial instrument can be used to cover wage obligations. The amount requested represents a nominal increase of 106% over the $170 billion authorized for 2026. Even with year-on-year inflation of around 33%, the increase exceeds 50% in real terms. The pressure on provincial accounts also appears in this year’s budget expansion: new current resources are not enough to cover the higher w…