This morning, the Buenos Aires legislature approved Budget 2026 For the city of Buenos Aires $17 trillion $347 billion With which the government of Jorge Macri will seek to maintain investment in key areas and launch the most ambitious work in recent years: the new metro line F.
Prime Minister Jorge Macri said: “We have achieved a budget that has the ability to find a balance between order and security, and the welfare and infrastructure policies improve mobility. It also respects the fiscal balance and reduces tax pressure.”
The project received 38 supportive votes and 21 opposing votes, with no member abstaining from voting, in a vote that took place at 8:30 a.m. on Friday.
CABA Budget 2026: Leads education, leads and develops infrastructure
Maintains the new budget Education is the area with the highest allocation of resources at 20% of the total. Followed by security at 15%, health at 16.5%, and social enhancement at 9.3%. These items represent 61.7% of the total budget.
However, the most notable data is the jump Infrastructure: Investment in public works will reach 20% of the total budget, while the average in recent years has been 16%.
The new F line focuses on investment in transportation
the New subway line F It represents the most important work of Budget 2026. The project will connect Paracas with Plaza Italia via eight neighborhoods in five municipalities, with 12 stations that will add 300,000 daily passengers to the network.
The government has allocated P285.164 million for the first works, which will last for five years. The estimated budget for completing the project is US$1.5 billion.
The transportation function will account for 5.9% of the total budget, meaning a quadrupling of investment compared to 2023.
In addition to Line F, the urban mobility plan includes the complete renewal of Line B cars, modernization of Line D, the first phase of Trampos and road works such as the widening of the Dellepiane motorway and tunnels in García Lorca, Irigoyen and Marcos Sastre.
Tax relief for workers and elimination of mortgage taxes
The budget includes important tax benefits. The government exempted a total of 118,332 non-professional workers registered in the first three categories of the simplified system from gross income tax. Another 28,868 taxpayers will receive a 75% reduction.
These measures will benefit plumbers, electricians, hairdressers, photographers and consortium managers, among other services.
With regard to real estate, the government completely eliminated stamp duty on mortgage loans for individual homes, which rose from 1% to 0%.
Additionally, it would maintain the 100% exemption from the same tax on purchases and sales of single homes worth less than $226.1 million, and reduce the rate from 3.5% to 2.7% for second homes up to that amount.
Benefits for retirees and people with disabilities
The budget maintains ABL exemptions for retirees, pensioners and people with disabilities. Currently, 85,426 retirees and pensioners receive 100% of the tax exemption.
To get the benefit in 2026, retirees must meet three requirements:
- The property has a tax assessment equal to or less than $48.5 million
- This is a unique and permanent home
- And have an asset equal to or less than four times the retirement minimum. For persons with disabilities, only the first two conditions will apply.
The government will also maintain the exemption for electric cars from paying licensing fees, while the exemption for hybrid cars will continue during the first two years and gradually reduce until the sixth year.
We want to meet you!
Register for free At El Cronista for an experience tailored just for you.