Overview
- Jorge Macri met Economy Minister Luis Caputo at the Palacio de Hacienda, with both sides calling the discussion positive and agreeing that technical teams will keep negotiating.
- The city says weekly transfers equivalent to 1.55% of federal revenue, mandated by a Supreme Court decision, are missing from the 2026 budget draft and have built up ARS 274,000 million in arrears since August.
- Officials from Buenos Aires pressed for normalizing the weekly payments, clearing the backlog, and inserting the obligation into the 2026 budget to ensure compliance.
- Current flows of 1.40% continue on a daily basis under a 2024 arrangement setting total transfers at 2.95%, but the dispute centers on the weekly 1.55% component.
- Beyond the near-term shortfall, the city maintains a separate claim of roughly US$6 billion tied to the 2020 cut from 3.5% to 1.4%, as broader federal transfer tensions also affect several provinces.