Overview

• The draft targets a 1.5% primary surplus of GDP and a 0.3% surplus after interest, reinforced by a fiscal stability rule to adjust spending if projections slip.
• Health, education and pensions would account for 85% of spending, with health up 17%, education up 8% and pensions up 5% above inflation, including a 5% rise for disability pensions.
• Government forecasts point to roughly 5% GDP growth in 2026, year‑end inflation near 10%, a $5.75 billion trade deficit and an exchange rate around 1,423 pesos per U.S. dollar.
• Milei declared "the worst is over" while insisting fiscal balance remains non‑negotiable, and he is sending the budget bill to Congress for debate.
• Approval could be complicated by a recent Peronist victory in Buenos Aires province and corruption allegations involving Karina Milei ahead of next month's midterm elections.