Overview

• The Treasury’s plan projects about 5% economic growth in 2026, annual inflation near 10%, and an official exchange rate set at 1,423 pesos per dollar.
• Carlos Guberman defended President Javier Milei’s vetoes of laws on universities, the Garrahan hospital, and disability services, arguing the Treasury lacks the funds to implement them.
• He said the government will raise reimbursement benchmarks for disability treatments but suspended broader payments, citing an unaffordable compensation package of about 1.5 trillion pesos.
• Guberman contrasted the budget’s outlook with private forecasts reflected in the REM, characterizing the official projections as more optimistic and reaffirming them.
• He announced the REOR mechanism to settle fiscal claims with provinces, noting 18 jurisdictions were invited, 7 have signed on, and roughly 540 billion pesos in obligations have been resolved, while the congressional briefing ended abruptly after a clash over the Gaza–Israel conflict.