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Twin Budget Battles Test Alliances in Buenos Aires City and Province

Negotiators face LLA tax‑cut demands in the City, mayoral claims of unequal allocations in the Province, with disputed borrowing totals sharpening the fight.

Overview

  • Jorge Macri seeks to pass the City’s 2026 budget, tax code and fee law before the Dec. 10 turnover, targeting a Nov. 27 vote with support from La Libertad Avanza.
  • LLA backed the committee opinion in partial dissent and is pressing for deeper fiscal relief, including full Gross Income tax bonuses for the lowest monotributo tiers and cuts to inheritance and real‑estate transaction rates.
  • City projections foresee $17.4 trillion in spending, $17.3 trillion in revenue and a $6,000 million surplus, while unresolved national transfers and LLA’s demands could affect the revenue path.
  • Axel Kicillof’s provincial budget, tax and financing bills moved to committee debate, but the debt authorization needs two‑thirds and is tied to a municipal investment fund resisted by multiple blocs.
  • Peronist mayors accuse the Province of per‑capita biases favoring La Plata and dispute the total borrowing request (US$3,685 million versus the Economy Ministry’s US$3,035 million), as LLA and other parties set conditions on debt and governance appointments.