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Pullaro Positions Santa Fe as a Negotiating Power With $800 Million Bond and 2026 Tax Plan

The governor seeks fiscal credibility to bargain over Milei’s reform push without ceding provincial priorities.

Overview

  • Pullaro rejected a “right‑wing labor reform” in favor of “labor modernization” after meeting the CGT’s new leadership and noting areas of agreement.
  • Santa Fe placed the SF34 bond for $800 million in New York to fund public works, with Economy Minister Pablo Olivares saying the deal boosts the province’s credibility.
  • Local banks and investors took $260 million of the issuance, underscoring domestic demand that provincial officials say strengthens Santa Fe’s hand.
  • The government unveiled a 2026 tax scheme with deductions to Ingresos Brutos, presented as a preemptive move ahead of a national tax debate.
  • The province is expanding social containment with about 75 billion pesos for school meals and new vaccination drives targeting low‑coverage schools and vulnerable neighborhoods, while prioritizing protections for pymes and workers facing import pressures.