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Congress Opens 2026 Budget Debate With Presupuesto Committee Session Wednesday

Opposition plans to summon Luis Caputo over a budget that freezes a $70,000 pension bonus.

Overview

  • The Budget and Finance Committee chaired by José Luis Espert convenes an initial informational meeting on Wednesday, September 24 at 13 to set the work plan and potential citations.
  • The government’s draft projects 5% GDP growth, 10.1% annual inflation, a December 2026 exchange rate of $1,423 and total spending of 148 billones de pesos.
  • The text keeps the pension mobility formula unchanged and does not raise the $70,000 bonus for minimum retirees, which has been frozen since March 2024.
  • Article 73 ends automatic inflation-linked updates for family allowances, and Article 30 repeals legal floors for education and science funding.
  • ASAP notes revenue bets on higher fuel and income tax collection and anticipates electricity and gas tariff increases, as Congress also advances DNU oversight reforms and interpellation bids tied to alleged Andis bribes.