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Buenos Aires Province Approves Nearly $4 Billion Borrowing After Turbulent All‑Night Vote

Cross‑party votes followed late‑night deals that expanded seats in provincial institutions.

Overview

  • The Legislature passed a financing law with two‑thirds majorities in both chambers after a marathon overnight session in La Plata.
  • The measure authorizes up to US$3.685–4 billion in new debt, with officials saying roughly 77% will refinance 2026 maturities and funds will cover year‑end bonuses for about 550,000 provincial employees.
  • Support came from PRO, UCR, Coalición Cívica, Unión y Libertad and other blocs, while La Libertad Avanza and the Left voted against.
  • Last‑minute bargaining created and filled posts at Banco Provincia, the Tribunal Fiscal and the provincial education council, including expanding Bapro’s board from 8 to 14 seats and naming figures from both Peronism and the opposition.
  • Intendents secured a municipal strengthening fund of roughly 350–360 billion pesos to be paid in installments, as libertarian leaders denounced the deal as a patronage pact and scenes of tension marked the vote, including the San Nicolás mayor’s failed bid to retake his seat.