Overview

• In a recorded national address from the Casa Rosada, Milei detailed a fiscal‑stability rule that forbids Treasury financing via the central bank and requires automatic adjustments to preserve balance.
• The proposal assigns 4.8 trillion pesos to national universities and projects real increases of 17% for health, 8% for education, and 5% for pensions and disability benefits.
• The framework targets a primary surplus near 2.2% of GDP and macro assumptions aligned with IMF guidance, including a stronger growth outlook.
• Institutional measures include a Régimen de Extinción de Obligaciones Recíprocas to regularize state‑province liabilities and a simplified income‑tax declaration regime.
• Political reactions were immediate across the spectrum as the bill enters debate in the Chamber of Deputies, with passage likely to hinge on talks over ATN and other provincial transfers.