the The legislature convened in Buenos Aires to approve the 2026 budget and fiscal law sent by Governor Axel Kicillof On Wednesday night, November 26, it was decided to take a break until next Friday at 10, due to the debt project.
Debts will be blocked by How to implement the guaranteed funds for municipalities from the 8% common participation rate.mentioned in on To profile. If the financing discussion is prolonged and continues into next week, it will already be in extraordinary sessions, but with the current composition of the chambers.
On the other hand, legislative sources told the agency argentina news Which The law and the tax code can be approved by a simple majorityBut opposition sectors, such as the Radicals, the Professionals Party, and the Civic Coalition, will vote against it.
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PBA will apply rate of 9% of gross income: ‘This may affect income from public securities held by banks’
The fact is that, With the postponement of the financing project, the ruling party got more time to negotiate and with opposition to seats on the Board of Directors of Banco Provincia (and also other public organizations); In addition, it will allow you to continue conversations with mayors To obtain funding for the implementation of public works in municipalities.
If the House achieves its goal this session, it is possible that the Buenos Aires Senate will reverse the initiatives sent by Kicilloff. It is important to remember that the call in the Senate in Buenos Aires was at seven in the evening, but everything will depend on what will happen in the deputies.
In this context, Matthias Ranzinihead of the PRO bloc of Buenos Aires deputies, toHe announced that he and his colleagues would vote against the tax law Which the governor sent to the Legislative Council.
La Libertad Avanza has prevented the opposition from opening Congress for the last time and is preparing for extraordinary sessions
“Kirchnerism It wants to enforce the elimination of the gross income exemption for operations related to public securities and tradable liabilities in its PBA tax code. They want to raise more at any cost at the expense of making private sector financing more expensive.In short, the pockets of those wishing to invest. “From the Pro Bloc we take a position of rejection of this initiative from the Kiselov government,” the lawmaker wrote on his official account on X.
The three main laws that Axel Kiselov needs
The Governor of Buenos Aires wants to approve the Buenos Aires 2026 budget and the tax and finance law. The most important thing for the president is Obtaining permission to assume debts of up to 3.034 millionBecause it needs that money to pay the public debt due for the months of March and September, and to give it the funds that the 135 municipalities need.
In his negotiations with the mayors, Kiselov guaranteed them a sum For their municipalities in Article 3 of the draft debt, where it was stated that it would be created “Municipal Investment Enhancement Fund” by 8% Of the debts that the current portfolio management was able to repay.
For her part, The financing project has a debt request of up to $1,045 million and another of up to $1,990 million. It also includes issuing bonds worth $250 million; and two mandates to government companies: one to AUBASA for up to $250 million; Another for Centrales de la Costa for up to $150 million.
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