US EditionArgentina's Congress approves 2026 budget, first under Milei
Senators voted 46-25 to approve a $102 billion budget aiming for 5% growth and 10.1% inflation, reinforcing Argentina's $20 billion IMF agreement.
- On Friday, Argentina's Congress approved the 2026 budget proposed by President Javier Milei, with the Senate passing the measure 46-25 with one abstention.
- The bill was Milei's first major test in Congress since his midterm election victory, with Milei's bloc of 19 senators relying on support from Mauricio Macri's allies on Friday.
- The budget includes spending of $102 billion with projected growth of 5% and inflation of 10.1%, and lower house lawmakers removed provisions on universities and disability programmes.
- The vote affects management of about US$4.5 billion in bond payments due on Jan. 9, as the government signalled no new bonds will be sold abroad in January.
- The passage reflects Milei's new political capital after October midterm elections, positioning La Libertad Avanza as the top caucus in the lower house before lawmakers debate labour reform in February.
28 Articles
28 Articles
The Argentine Congress has adopted the budget for the coming year and thus the first since the entry into office of President Milei.
Protothema
in.grWithout the required parliamentary majority, the government settled for a revised version of the 2023 budget.
In the absence of a majority before its success at the legislative elections in October, Javier Milei had governed for the past two years on the basis of the 2023 budget, setting aside the financing of certain public services.
The Argentine parliament has approved a state budget for the first time since President Javier Milei took office in 2023. The 2026 budget was voted through by the Senate on Friday local time and predicts GDP growth of 5 percent. In addition, annual inflation is expected to fall to 10.1 percent. Milei's government party gained more seats in both of the co...
President Javier Milei (La Libertad Avanza) will have his first budget. For his first two years in office, Congress had not approved the projects.
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