Overview

• Data from the Comisión Federal de Impuestos project a 4.2% decline in automatic federal fund transfers to provinces in 2025, intensifying fiscal pressure on local budgets.
• Today’s CFI meeting brings together economy ministers and Hacienda Secretary Carlos Guberman to hammer out a revised revenue-sharing framework.
• Provincial leaders have agreed to jointly draft legislation redirecting the fuel tax and Aportes del Tesoro Nacional into automatic coparticipation disbursements instead of discretionary fiduciary funds.
• President Milei canceled his planned Independence Day vigil in Tucumán citing fog after fewer than a quarter of governors confirmed attendance, underscoring fraying ties.
• With no formal counteroffer from Casa Rosada, provinces are prepared to advance their own legislative plan in Congress to secure funding.