Overview
- In 12 days, ARS 43,000 million was paid to Tucumán (20,000m), Misiones (12,000m) and Chaco (11,000m), surpassing the combined total of the prior five months.
- A further ARS 23,500 million is recorded as payable to Catamarca (10,500m), Entre Ríos (7,000m) and Salta (6,000m), which would lift December flows to ARS 66,500 million if released.
- The acceleration coincides with Interior Minister Diego Santilli’s appointment and a drive to secure support for the 2026 budget and the labor overhaul, according to multiple reports.
- November registered zero ATN execution, while December has already set a new monthly high under Milei, reflecting the discretionary transfers administered by the Interior Ministry under Law 23,548.
- A separate analysis circulated to governors estimates the labor bill’s corporate income tax changes would trim provincial coparticipation by about ARS 1.729 trillion in 2026.