The ruling party is speeding up the treatment of the Budget 2026 and the project Tax innocence -better known as “Dollar mattress” in the Chamber of Deputies, where the legislative force of Javier Milei trusts to have opinions quickly and approve both topics between Wednesday and Thursday to send them to the Senate and pass the first two laws before the end of the year.
Milei set this first deadline Extraordinary meetings between December 10th and 30th. While labor reform, which lies in the Senate, is getting all the attention but risks taking longer than the ruling party would like, the priority lies with the two issues lying in the Houses of Deputies.
These include both economic and political issues. He The 2026 budget is the key to agreement with the governorsThey are hoping for funding for their districts or at least a general framework for resource distribution that will serve as a basis for further negotiations, something they have never had before in Milei’s administration. The Tax Innocence Project aims to: a Remonetizing the economy with the dollars that savers have “under the mattress.”.
That’s why La Libertad Avanza (LLA) doesn’t want to waste time. The chairman of the House of Representatives, Martín Menem, said that on Monday the Budget, Finance and Criminal Justice Commissions will be officially constituted to deal with these issues. The goal they have set is to sign the statement on Tuesday. The PRO, the UCR and the provincial allies support this intention.
MPs push for the budget and the “cushion dollar”: the outstanding item that worries the PRO
However, in this series of blocks, the government has to approve both projects They are waiting for further definitions before arriving at the venue on Wednesday or Thursday. With 95 of its own MPs, the governing party is significantly stronger than before the midterm elections, but it still depends on these alliances to achieve a majority of 129.
For example, the PRO and UCR now share an interbloc (which includes the MID’s former libertarians) with 22 votes. In the Budget Commission, which meets on Tuesday, the representatives of this sector will sign the statement of the ruling party, which will have a majority, as it already had before the change in the law. In this regard, the government’s roadmap is certain. But those from the PRO do not rule out signing “in contradiction” if the funds requested by the CABA do not appear in the text..
The head of the government of Buenos Aires, Jorge Macriwould like the 2026 budget to provide for the payment of 1.55% of the co-participation taken over by the management of Alberto Fernández from the City of Buenos Aires, whose ruling by the Supreme Court on this issue is positive. Last year there was an agreement with the Minister of Economy Luis Caputo, but this year it was not fulfilled as it should.
The nation’s accumulated debt exceeds $270,000 millionestimate them in CABA. Macri warned days ago that he was open to alternative solutions, although he sought in the text of the budget “a clear and explicit commitment from the nation to pay the co-participation to the city.” A new dialogue has been opened with the government, but in the PRO they confirmed iProfessional that the problem is “not yet solved”.
The deputies led by Cristian Ritondo are Note this in the countdown to discuss the 2026 budget and, according to parliamentary sources, they do not rule out signing the statement “in contradiction”, as they had done the previous time Putting pressure on the government to find a solution.
How are the negotiations with the governors going?: Javier Milei’s “wink” a few days after the vote on the budget
He PRO does not want to jeopardize the 2026 budget or the rest of Milei’s agendaincluding the “pillow dollar” project, which causes the least tension in the House of Representatives. This does not jeopardize an important step such as the signing of the statements. He Debate and voting in the chamber will be a different story.
It will be clearer there How far have all the agreements progressed? that it was precisely at this point in time that the government, through the Home Secretary, began to come to terms with its attitude, Diego Santilli, and the chief of staff, Manuel Adorni, They celebrated that a little over a month ago uninterrupted rounds of meetings with almost all governorsexcept Axel Kicillof (Buenos Aires), Gildo Insfrán (Formosa) and Gustavo Melella (Tierra del Fuego).
The governors who manage, among other things, the strategic votes of the United Provinces or Federal Innovation Blocks, together with the Peronists Osvaldo Jaldo (Tucumán) or Raúl Jalil (Catamarca), They expected, among other things, public works (with particular attention to abandoned or unmaintained lines), delayed appropriations and the distribution of the liquid fuel tax (ICL).
The National Treasury (ATN) Contributions That Milei’s government has gradually turned around recently is almost 570,000 million US dollars in the 2026 budget project. It is now estimated that ICL revenue will be approximately $7.6 billion, with provinces counting on 54% of that amount. Negotiations are progressing quietly, but in some of these provinces they indicate that the agreement to approve government projects has progressed.
Aside from that, Milei distributed ATN again to try to obtain support, regardless of what is reflected in the budget text. This became known on Friday He transferred $20,000 million to Jaldo of Tucumán, a key ally for the ruling party, to gain a majority in Congress.
The government is confident that the 2026 budget will be available: what does it provide for the economy?
Understanding the Casa Rosada with the governors is crucial. Today, legislators are more responsive than ever to the interests of their federal states. The PRO’s insistence on this CABA claim It also has to do with that. “He is the only governor we still have to defend,” they comment in the block of the MPs. The proposal goes beyond the economic: the city is the last bastion of the party’s real power, led by Mauricio Macri and coordinated by Ritondo in the Chamber of Deputies.
Despite it, There is no fear in government, but the opposite. They blindly trust that between the new power of their bloc and the agreements that they are beginning to conclude with the provinces, “the votes are already in place”, according to the ruling party’s statement, and that by the end of the week on Friday December 19 they will already have the 2026 budget and the “Fiscal Innocence” project approved by the deputies.
Budget 2026 is crucial not only for the government to reach agreements with governors that can translate into later support for the reform package, such as labor and tax reforms, but also to send one Signal from government leadership to the financial market, the IMF and the US Treasury Department: So far, Milei has never had a budget law and in recent months he has failed to achieve parliamentary majorities.
The eventual approval of the project this week – if everything goes as the ruling party hopes – would cover this front and also give it a chance Minimum reference frame for the economic plan. In the current budget text, the government estimates annual inflation of 10.1%, economic growth of 5%, a primary budget surplus of 2.2% of GDP and a dollar of $1,423 for December 2026.
What does the project say about the “cushion dollar” and why is the government pushing it too?
The Tax Innocence Project is now one of the instruments used by the Ministry of Economic Affairs Pour the dollars that Argentinians have “under the mattress” into the formal circuit.. The central idea is “shield” the new alternative thresholds. that the government – higher – has passed a law to guarantee savers that “they will not be persecuted by the public treasury in the future”.
One of the key points of the initiative, which has been lying dormant in the Chamber of Deputies since the middle of the year, is Simplified earning system for undeclared dollars coming out of the mattress. It is aimed at people with incomes of less than $1 billion and assets of less than $10 billion.
In addition, the obligation to report personal consumption no longer applies It makes it easier to use that money, which is what the government wants. The idea is that these dollars will be used for consumption of durable goods (like cars) or for productive investments or real estate investments.
The initiative also increases the amounts at which a taxpayer can be investigated for tax evasion. In the case of “simple bypass” increases from $1.5 million to $100 million while “aggravated tax evasion increases from $15 million to $1,000 million and provides for shorter statutes of limitations by reducing from 5 to 3 years the window in which ARCA (Customs Collection and Control Agency) can collect payment of taxes owed.”
The government of Javier Milei is confident that this project for “Mattress Dollar” and the Budget 2026 You will have the green light MPs This week they paved the way to the Senate, where they are still considering whether or not they can move forward with these projects and in parallel with labor reform. In the lower house, the ruling party is now striving for its first victory in the extraordinary sessions.
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