Overview

• On July 8, economy ministers from all 24 jurisdictions met with Treasury Secretary Carlos Guberman at the Consejo Federal de Inversiones to seek concrete financing tools in light of deepening budget shortfalls.
• Provincial leaders formally introduced two Senate bills to reroute ATN and channel fuel tax revenues directly to provinces after data showed a 4.2% decline in automatic federal transfers.
• President Javier Milei canceled his scheduled July 9 vigil in Tucumán due to heavy fog, avoiding a low turnout that highlighted eroding support among governors.
• Opposition blocs in the Chamber of Deputies have exploited fractures within Milei’s coalition to push emergency measures in health and education and to challenge presidential veto power.
• The standoff underscores growing federal-provincial tensions as governors leverage their Senate initiatives to secure budgets during a recession-driven revenue shortfall.