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Argentina Clinches Committee Vote on 2026 Budget as Mexico Opens Debate on 10.19 Trillion-Peso Plan

Both budgets now face decisive floor negotiations.

Overview

  • Argentina’s Budget and Finance Committee ended a 20–20 split with President Alberto “Bertie” Benegas Lynch casting a tiebreaking double vote to issue a 21–20 majority opinion for the government’s 2026 proposal.
  • The Argentine draft reproduces the Executive’s plan centered on deficit zero and macro targets including roughly 10.1% inflation, 5% GDP growth, and an official exchange rate near 1,423 pesos.
  • Argentine officials signaled they will seek floor treatment in extraordinary sessions starting December 10, as talks continue with governors and allied blocs to secure approval.
  • Mexico’s Chamber of Deputies began general debate on the 2026 Expenditure Budget totaling about 10.193 trillion pesos, with a dictamen that mirrors the Executive submission and reserves to be handled in subsequent votes.
  • Mexican budget priorities highlighted larger outlays for social programs, health, education and roads, alongside reallocations affecting autonomous bodies, and chamber authorities formally denied reports of a pay increase for federal deputies.