Particle.news

Download on the App Store

Argentina Moves to Delay 2026 Budget Vote Until After Oct. 26 Elections

The administration seeks to shift the floor debate to a reconfigured Congress it expects will be more favorable to its fiscal plan.

Overview

  • The government signaled it wants the 2026 Budget taken up after Sunday’s legislative elections, with officials saying approval could slip into 2026 if needed.
  • Opposition leaders kept the committee timeline intact, targeting a November 4 committee report and a November 12 lower house debate.
  • House Speaker Martín Menem convened a closed-door meeting with select blocs and officials Carlos Guberman and José Rolandi, but participants reported no concrete agreements.
  • Union por la Patria refused to join parallel talks, insisting the discussion proceed in the Budget and Finance Committee, which has scheduled briefings with Education and Labor officials this week.
  • The draft allocates 4.8 trillion pesos to national universities, proposes repealing the 6% of GDP education spending mandate, and projects a 2026 wholesale exchange rate of 1,423 pesos, 10.1% inflation, and 5% real GDP growth.