Overview
- Financial assets jumped after the vote, with the official dollar closing near ARS 1,460 and risk country around 652 points, followed by a more muted session on Tuesday.
- The Budget Committee holds briefings Oct. 28–29 and dialoguing blocs aim to sign alternative reports on Nov. 4, setting up a potential lower-house special session the week of Nov. 11–13 and possible Senate approval before Nov. 30.
- The government’s 2026 budget projects 10.1% inflation, 5% GDP growth and an ARS 1,423 official exchange rate, with notable outlays for universities and increases in pensions, health and education.
- LLA’s gains would lift it to about 83 deputies and 20 senators in December, strengthening the ruling party but still requiring agreements with governors and centrist blocs to pass major reforms.
- The administration plans to send a ‘Bases II’ bill on Dec. 15 and push labor, tax, pension and privatization changes, while keeping exchange-rate bands for now as economists like Miguel Kiguel flag weak reserves and costly interest rates.