Overview

• By Decree 652/2025, the Executive vetoed the law that made ATN transfers automatic and sent the text to the Senate for the formal process.
• The government’s justification states that ATN are an extraordinary, discretionary tool for unforeseen emergencies rather than a coparticipable pool.
• Casa Rosada opened a new dialogue channel with a meeting led by Guillermo Francos, Luis Caputo and Lisandro Catalán alongside governors Alfredo Cornejo, Rogelio Frigerio and Leandro Zdero, with promises of tailored responses but no concrete decisions.
• Opposition blocs are preparing a September 17 session in the Chamber of Deputies to seek two-thirds to overturn vetoes on university funding and a pediatric emergency, with universities and health workers mobilizing and a strike called for September 12.
• The administration is exploring case-by-case financing for provinces, including a potential US$1 billion BID line, and signals further bargaining around the 2026 Budget expected to be presented on Monday.