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Macri, Caputo Hold ‘Positive’ Talks on Buenos Aires Revenue-Sharing Debt, No Deal Yet

Buenos Aires seeks to lock overdue coparticipation funds into the 2026 national budget.

Overview

  • After an hour-long meeting at the Economy Ministry, both sides said talks were constructive, but no agreement was reached and technical teams will keep working.
  • The city says ARS 274,000 million are owed since August from slowed weekly transfers of the court-ordered 1.55%, while the 1.40% daily flow continues.
  • Jorge Macri asked for the arrears and ongoing weekly transfers to be explicitly written into the 2026 Budget, which reporting indicates does not include that item.
  • Participants included Jorge Macri, Economy Minister Luis Caputo, Gabriel Sánchez Zinny, Gabino Tapia, Gustavo Arengo, Carlos Guberman and Valeria Sánchez.
  • Beyond the arrears, the city maintains a separate claim to restore a 3.5% share and recover about US$6 billion tied to the 2020 cut, as broader budget negotiations unfold with new Interior Minister Diego Santilli and critics like Axel Kicillof in the mix.