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Senate Passes 2026 Budget Into Law, First of Milei’s Presidency

A cross-party deal kept the text intact, including the chapter that removes statutory funding floors for education and science.

Overview

  • The bill cleared the upper house 46–25 with one abstention and all chapters approved, converting the 2026 Budget into law after a chapter-by-chapter vote to avoid changes.
  • Chapter II passed 42–28 with two abstentions, upholding Article 30, which repeals legal minimums such as the 6% of GDP for education, the path to 1% of GDP for science by 2032, and the 0.2% allocation for technical education.
  • Article 12 was also retained, empowering the government to interrupt transfers to national universities if it deems their reporting on the use of funds insufficient.
  • Support came from La Libertad Avanza, the UCR, PRO and provincial allies, with three Convicción Federal senators breaking with the main Peronist bloc as Alejandra Vigo abstained.
  • The approved plan projects 5% GDP growth, 10.1% annual inflation, a December 2026 dollar at ARS 1,423 and a 1.5% primary surplus, providing a fiscal signal to markets and the IMF.