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Congress Opens Commission Debate on Argentina’s 2027 Budget

The session marks the start of negotiations that will decide funding for universities and disability benefits and test the government’s ability to secure votes for approval.

Overview

  • The Chamber of Deputies began committee review of the 2027 budget on Tuesday, with Secretary of the Treasury Carlos Guberman presenting the technical plan and projections to the Budget and Finance Committee.
  • The government’s proposal sets consolidated spending at 216 trillion pesos and resources at 219.3 trillion, includes 102 trillion for pensions and a continuation of the 70,000‑peso bonus without nominal increases, and uses macro assumptions of 21.3% inflation and a 1,728‑peso average exchange rate.
  • Opposition blocs pressed immediately for higher university funding and for preserving key rules and benefits for people with disabilities, arguing the draft underfunds the university system and would weaken disability protections.
  • Facing broad rejection of planned changes to the disability law, the ruling bloc is preparing to withdraw those provisions and negotiate a consensual fix that officials estimate would cost about 600 billion pesos, while seeking compensations or reallocations elsewhere in the budget.
  • With La Libertad Avanza holding 95 seats and a 129‑member quorum required, the government is negotiating with centrist blocs and governors to secure support; the committee will hold further briefings through October and aims for a majority report in early November to enable a vote before year end.