December became Month of largest distribution of National Treasury Contributions (ATN) since the adoption of Javier Mileiwith a turnaround that was enough 43 billion dollars in just two weeks. The data collected by a private consulting firm specializing in public finances is particularly relevant NEAwhere several provinces are among the main recipients of funds at a crucial political moment.
The distribution took place at the same time as the call for extraordinary meetingsthe negotiation of Budget 2026 and the beginning of the debate for Labor reformtwo central projects of the ruling party, which require the support of allied governors due to the lack of their own majorities in Congress.
Tucumán, Misiones and Chaco benefited
Inside the transfer card, Tucuman topped the monthly ranking 20 billion dollarsfollowed by Missionswhich he received 12 billion dollarsAnd Chacowith 11 billion dollars. The three northern provinces were among the most popular in the country in December.
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Year-over-year, Tucumán established itself as the jurisdiction with the highest ATN volume in 2025, reaching 35 billion dollarsa fact that strengthens the political connection between the governor Osvaldo Jaldo and the Pink House. Misiones and Chaco are also among the provinces with the highest level of volunteer assistance throughout the year.
The temporal coincidence between ATN record cast and the Government legislative agenda once again examines the use of these resources designed by law to deal with exceptional situations. In practice, supplies were concentrated in a limited group of provinces, many of which were critical to the guarantee parliamentary support for sensitive votes.
The pattern shows a clear pattern: While some districts received significant support, others fell behind completely excluded. In the NEA is the most symbolic case Formosawhich has not received any transfers from ATN since the beginning of the Milei administration, in keeping with its openly critical stance towards the national government’s fiscal adjustment and structural reforms.
Sunken provinces and increasing discretion
The distribution takes place in the context of financial suffocation in the provincewith non-automatic transfers at historically low levels and a sharp decline national public investments inside. For NEA governors, the ATN became one most important fiscal oxygen instrumentalthough its selective distribution revives the debate about it real federalism. The image of the president alongside northern leaders who benefited from the distribution reinforces the political reading of the deliveries at a time when the executive branch is accelerating deals to advance its legislative package before the end of the year.
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