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Government Targets December Vote on 2026 Budget, Vows to Preserve Fiscal Balance

Treasury Secretary Carlos Guberman says conditions exist for year‑end approval under unchanged macro forecasts.

Overview

  • The administration plans extraordinary sessions in December to bring the 2026 Budget to the floor in both chambers after the post‑election reshuffle.
  • Guberman affirmed that fiscal equilibrium is the non‑negotiable boundary, allowing changes to the text only if the balance is maintained.
  • Official projections remain at 5% growth and 14% average inflation for 2026, with the peso at a higher nominal level than expected but no disruptive jumps anticipated.
  • Talks with provincial governors continue, with three stated priorities preserved: social assistance, security and defense, and reducing the size of the state through deregulation.
  • Broader labor, tax and penal reforms are slated for debate from February, while the government underscores no monetary financing or new borrowing and notes that 85% of spending is predetermined.