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Extraordinary Sessions Set as Milei Moves to Fast-Track 2026 Budget

Support hinges on deals with governors exchanging borrowing guarantees for relief on provincial pension debts.

Overview

  • Decree 865/2025 formally called extraordinary congressional sessions for December 10–30.
  • The government targets a Budget committee ruling on December 16 and a lower-house preliminary vote on December 17.
  • Talks focus on governors seeking federal backing to access capital markets and funds to cover arrears in 13 provincial pension systems, with Interior Minister Diego Santilli leading the outreach.
  • The agenda prioritizes the 2026 Budget and the Fiscal Innocence bill, which would allow the use of undeclared dollars without proving their origin.
  • La Libertad Avanza holds the first minority in the new Chamber of Deputies (95 seats versus Unión por la Patria’s 93) as Martín Menem, Santilli and Patricia Bullrich spearhead votes and the Senate opens work on labor, penal and Glaciers reforms expected to slip to February.