Particle.news
Download on the App Store

Argentina’s Senate Poised to Vote on 2026 Budget and Tax Amnesty

Passage would unlock debt authorization to reassure investors, including the IMF.

Overview

  • The session is scheduled for Friday at noon, with the government expecting general approval thanks to La Libertad Avanza plus support from UCR, PRO, provincial blocs and a small group of Peronists, exposing a split in the Justicialist ranks.
  • Article 30 is the flashpoint as it repeals legal funding floors for education and science, drawing stated opposition from UCR senators Maximiliano Abad, Flavio Fama and Daniel Kroneberger and objections within Convicción Federal.
  • Officials are weighing a chapter-by-chapter strategy, while any change by the Senate would force a return to the Chamber of Deputies, which has sessions penciled in for December 29–30 or January 5.
  • The agenda also includes the Inocencia Fiscal bill, which eases the legal treatment of tax evasion and facilitates the legalization of undeclared dollars.
  • The budget projects roughly 5% GDP growth, about 10.1–10.4% annual inflation and a December 2026 exchange rate near 1,423 pesos per dollar, and it bars Treasury financing via the central bank.