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Milei Government to Send 'Deficit Zero' Bill to Congress Within Hours

The initiative seeks to entrench fiscal discipline through mandatory balanced budgets with criminal enforcement.

Overview

  • Presidential spokesman Manuel Adorni said the executive will submit the Deficit Zero bill to Congress in the coming hours.
  • The proposal requires national budgets to be balanced or in surplus, bans deficit budgets, and demands that any budget extensions preserve at least balance.
  • It prohibits extra‑budgetary spending and mandates budget impact reports to show how any new spending or revenue changes would be financed.
  • Measures that violate the fiscal rules would be declared absolutely null, and new offenses would be added to the Penal Code to punish officials who breach them.
  • Adorni also reported two detentions over an attack on the president, said Milei is working in good health from Olivos, announced an audit and intervention at ANDIS, and ruled out declaring a national holiday.