Overview
- Mexico’s Chamber of Deputies budget commission approved the PEF 2026 without changes, 39–15, sending it to the full floor for general debate on Nov. 4 and detailed votes on Nov. 5 ahead of a Nov. 15 deadline.
- The plan sets total spending at about 10.19 trillion pesos, with roughly 82.4% locked into obligations; it allocates about 1.57 trillion to debt service and 1.70 trillion to pensions, leaving little room to maneuver.
- Majority leaders signal 16–18 billion pesos in reallocations by trimming autonomous bodies such as the INE, the Judiciary and the Electoral Tribunal to channel funds toward education, culture, infrastructure, environment and water.
- According to the draft, federal deputies would receive a 9.53% increase in annual net pay, contrasting with near‑zero changes for other top officeholders and senators, a detail expected to draw scrutiny in the floor debate.
- In Argentina, Buenos Aires presented a 2026 budget with 3.2 trillion pesos in capital works and requested legislative authorization to take on debt equivalent to US$1.99 billion, while Tucumán submitted a balanced plan projecting a 708 million‑peso surplus.