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Buenos Aires Debt Vote Shapes Final Budget Push Across Region

Supermajority debt hurdles have turned municipal guarantees plus power‑sharing offers into the key currency for votes.

Overview

  • Buenos Aires province is negotiating approval for up to US$3.685 billion in financing that requires two‑thirds support, with the Budget and tax bill already cleared in committee.
  • To secure votes, the provincial executive offers an 8% municipal investment share with one‑third guaranteed regardless of placement, while opposition blocs press for a larger fund and appointments in strategic bodies.
  • Talks center on the municipal pot’s size and guarantees, with some opposition demanding around ARS 600,000 million as the executive signals a ceiling near ARS 330,000 million and parallel bargaining over Banco Provincia and other posts.
  • The debt bill returns to the Budget and Taxes Committee in La Plata this evening, with a plan to take the package to the floor on Wednesday in Diputados and then the Senate only if the supermajority is counted.
  • In Santa Fe, lawmakers summoned Economy Minister Pablo Olivares and Government Minister Fabián Bastía to defend a 2026 plan that projects roughly $14.13 trillion in resources and a small technical balance, while Peru’s Congress opened plenary debate on a S/257.562 billion national budget prioritizing social sectors.