The Chief of Staff Manuel Adornimade it clear again this Wednesday that the Casa Rosada will not allow an increase in the debt of the province of Buenos Aires. The spokesman claimed that the national administration adopted an “inelastic” attitude towards the demands of Governor Axel Kicillof, stressing that the government’s budgetary criteria did not allow for exceptions.
“We remind the Governor of Buenos Aires Province that without a deficit there is no new debtAdorni said while answering questions in his usual press conference, where he also took stock of the year’s key management results.
In the early hours of last Thursday, the Kicillof government managed to get the Buenos Aires legislature to approve the debt proposal of up to $3,685 millionwhich includes the issuance of treasury bills and four debts: one for the central administrationanother for him executivea third party for the company AUBASA and a request for Buenos Aires Energy.
However, in order to enter the markets, the Buenos Aires government must obtain the consent of the nation, which has made this possible in recent times City of Buenos Aires, Cordoba and Santa Fe take on new debt.
“A meeting with Axel Kicllof makes no sense”
The official was also asked about the connection with the province of Buenos Aires and the possibility of a rapprochement between Kicillof and the national executive. Against this background, he increased the distance again: “A meeting with the governor makes little sense,” he explained.
“The only thing that matters to them is that the government is doing bad and that the people of Buenos Aires are doing bad too. There is not much to discuss as there is no sign of good will“He said. Tensions between the nation and the province have increased since the middle of the year, especially due to the rejection of the Bases Law, the original Omnibus Law and other regulations promoted by the Milei government such as the anti-mafia law in Buenos Aires.
“There are governors who do not agree with what the people are asking of us,” he said, recalling that there is also no support, “when we ask, we ask them to abide by certain laws, such as the anti-mafia law or others.”
When asked again about a future meeting, Adorni replied that the government “Assess what each governor’s agenda is.” and clarified that “we do not have a common agenda with Kicillof.”
““This meeting (with Kicillof) doesn’t make much sense. Maybe at some point it will happen, the truth is we don’t know, but it’s not on the agenda today.”he concluded.
The definitions of Manuel Adorni, beyond tension with Axel Kicillof
The official reviewed some of the measures that officials said represented a break with previous economic policy. Including, mentioned the abolition of the “hold” exchange rate, the reduction in poverty, the decline in consolidated public debt, the decline in sovereign risk, the continued decline in inflation and the return of Argentina to the international credit market.
“The exchange rate has not existed since April 2025, a confiscatory deviation that should never have existed. and that in Kirchnerist Argentina they wanted to sell us as the final solution. Just like the soy dollar, the Coldplay dollar, the Qatari dollar and some of the other delusions of populist Argentina,” he stressed.
In this sense he emphasized: “As a result of the economic order and especially the decline in inflation, poverty fell from 52.9% to 31.6%, according to INDEC“, an organization that, as he emphasized, “retains the same head since the previous government” with the aim of showing technical continuity in official statistics.
Regarding the debt, Adorni pointed this out “The consolidated national debt decreased by $50,000 million, This made this government the first in decades to get the country out of debt so that there are no more new debts.” And he added that country risk “today is about 634 basis points and Argentina has returned to the capital market,” a process that represents, in the executive’s vision, an important step toward “standardization“the economy.
As a political message, Adorni said: “It is very clear to us where we want to go, including in Argentine society. In the last elections he showed where Argentina should go and a large part of politics understood that it was necessary to unite.”
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