The upper house of Congress I started discussing the project this morning Budget that comes with a half penalty -and with some missteps- by the MPs and now Face the crucial step to reach the venue amid complex architecture to obtain their approval.
Business representatives are expected to appear in the Senate later today and there will be a question and answer session among lawmakers. All this with the aim of obtaining the signatures that will allow the ruling party to sanction the law, erroneously called the “Law of Laws”.
Although the project was half approved by the deputies, everything was complicated for the libertarian faction by the inclusion of articles such as those on the repeal of the disability emergency and the university budget.
In the Senate, the ruling party managed to secure 44 signatures, which enabled it to form comfortable commissions to deal with the initiatives, But the setback suffered, which included the negative vote from MPs who responded to the governors’ dialogue, prompted the upper house to rethink the strategy.
The Assembly of 44 Testaments, which had seemed so solid midweek, was faltering and, according to parliamentary sources, some MPs were open to expressing dissent from Patricia Bullrich’s proposed leadership.
For this reason, an emergency meeting of the government’s political table took place yesterday at Casa Rosada decided to postpone treatment Glacier law and labor reform to February, largely due to fears that debate in the chamber could ultimately scuttle the effort.
Within La Libertad Avanza there were actors – including the Office of the House of Representatives of Martín Menem – who from the outset considered that labor reform was too important an issue to overlap with the budget. This position gained followers and everything was accelerated.
With this panorama, All efforts are aimed at achieving a quick decision on the budget and fiscal innocence laws. The second of these is an initiative that has been lying dormant in parliamentary offices for several months and is now returning to ensure the release of “mattress dollars” onto the streets.
As today’s session began, Senator Ezequiel Adache He recalled that “this budget is essential for the functioning of the Republic, for the maintenance of the economic program and for the progress and growth of Argentina” and emphasized the fiscal premises that Javier Milei maintains.
The finance minister, for his part, Carlos Guberman, He was the first invited speaker and pointed out the “starting point” of the Libertarian government: “For more than ten years, the budget deficit accumulated, reaching a deficit of 4.6% of GDP in 2023, and there was a lack of ability to finance the markets.”
“What needed to be done was to move forward in eliminating spending that the state did not have to make, concentrating spending on some sectors where there was surplus, reducing it and increasing it in the sectors where we believed it needed to be increased,” he said, with particular focus on investments in the social sector.
“This year we are proposing a budget project that in 2026 will be consistent with what we have done in the last two years, namely with a fiscal surplus of around 0.3% of GDP,” he added.
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