The ruling party will try to approve the 2026 budget this Friday in the Senate, where only doubts remain as to whether it will get the votes to protect Article 30 on the financing of teaching and science.
The government’s priority is to approve the project that determines spending and resources, as it needs them to raise debts and as a signal to international organizations.
The extraordinary meeting was called for 12 noon. to discuss the budget and the “Fiscal Innocence” project, which allows laundering of dollars purchased on the informal market.
La Libertad Avanza (LLA) had received more than 45 votes for general approval, but there is now uncertainty about what might happen with Article 30, which, according to parliamentary sources, received objections from the UCR and other allies.
Four Peronists of federal persuasion, who will support the ruling party’s budget, oppose this article, which repeals articles on funding for teaching and science. The radicals who do not want to vote on this point of the budget are the radicals Maximiliano Abad, Flavio Fama and Daniel Kroneberger.
In this context, the vote on this article will also depend on how many senators who do not agree to the confirmation of this controversial measure of the government will be absent, since the number of votes needed by the ruling party will decrease there.
Article 30 provides for the repeal of the provision of the Education Law, which stipulates that 6% of GDP must be allocated to this sector, the financing of the Science and Technology Law, which provides for a gradual increase until reaching 1% of GDP in 2032, and 0.2% of the current expenditure of the education budget for technical universities.
On the other hand, the ruling party has no problems approving the remaining articles of the budget, which foresees economic growth of 5% of GDP, inflation of 10.1% per year and 14% year-on-year, although it is already known that it will be higher, as well as the expected dollar for 2026 of 1,423 US dollars (as of December 2026).
The Minister of Economy Luis Caputo has decided that the exchange rate bands, which today have a cap of $1,518, will be updated according to the inflation index, since this increase is currently 1% monthly, which means that according to inflation of 2.5% in November, the cap of the band will be $1,564 from January.
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