Overview
- Chief of Cabinet Manuel Adorni reaffirmed that the federal government will not sign off on new provincial debt and refused a meeting with Governor Axel Kicillof.
- Buenos Aires Province says the request authorized by its legislature—up to US$3.685 billion—is strictly to refinance maturities, including 2026 obligations and credits to agencies such as Autopistas de Buenos Aires S.A.
- National officials cite fiscal responsibility rules and claim a US$50 billion reduction in consolidated public debt, arguing there is no scope for new borrowing.
- Provincial sources say they meet the Fiscal Responsibility Law’s debt‑service cap, putting the ratio near 7% against a 15% limit, and report an economic surplus.
- Local reporting indicates the federal government is considering authorizing only about US$1.446 billion tied to rollover of prior debt, a characterization the province disputes.