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Kicillof Unveils Buenos Aires Province 2026 Budget With Tax Cuts and $1.99 Billion Debt Plan

The plan triggers legislative bargaining in La Plata over tax relief, higher spending, new borrowing.

Overview

  • The government filed a three-law package—Budget, Tax Law and Debt Law—with committee work slated for mid‑November and a target parallel session on November 26.
  • Planned outlays reach 43 trillion pesos for 2026, a 19.4% increase versus this year.
  • Kicillof seeks authorization to borrow $1.99 billion, with 8% proposed for a Municipal Investment Fund dedicated to infrastructure.
  • The tax bill keeps property tax parameters, lowers vehicle levies so 75% of owners pay less, maintains IIBB rates, and extends reduced-rate benefits to about 46,000 additional SMEs.
  • Financing projections rely on national assumptions of 14.5% inflation and 5% GDP growth, as lawmakers open negotiations with factional strains and unresolved fiscal details.