Tomorrow, the Buenos Aires Chamber of Deputies will grant parliamentary status to the draft Finance and Taxation Law budget and request permission to assume debts equivalent to $1,990 million sent by Governor Axel Kiselov to the regional legislature.
This was revealed to El Día by members of the Budget and Taxation Committee of the House of Representatives headed by the Peronist of San Clemente del Tuyo, Juan Pablo de Jesús.
“The idea is that the formal discussion of both initiatives will begin next week and they will be voted on in this (House of Representatives) at the end of November,” they said.
Regional Economy Minister Pablo Lopez, accompanied by ARBA President Christian Girard, presented the 2026 provincial budget to lawmakers last week, which projects a total spending of $43 billion compared to the $36 billion implemented this year.
The project includes details of capital expenditures worth $3.2 billion, social assistance worth $1.7 billion, health worth $1.7 billion, education worth $1.3 billion, and security and correctional services worth $1.4 billion.
In the tax chapter, economic officials confirmed that the tax rates on gross income (IIBB) will not be revised; There will be a “nominal reduction” in fees for 75% of vehicles located in the PBA area and the mechanisms for setting prices for urban properties (houses and vacant land) or rural properties will not be modified either. Owner Christian Girard himself confirmed that the “additional” fees for these taxes will be cancelled.
But in this presentation, Kiselov made clear that debt relief is one of the priorities the county president has broadly outlined this week. “We especially need the financing law so that we can continue normal operations next year,” the county leader emphasized several times.
In addition, Buenos Aires Province must face external debt maturities scheduled for March and September next year, amounting to $830 million, equivalent to the two tranches.
Municipal financing
The regional executive authority also requires the resources it distributes to municipalities to approve the debt stipulated in the financing law that it sends to the legislative authority.
As part of the usual press conference held at the Government House, Government Minister Carlos Bianco revealed, on Monday, to the journalists present that “the province needs this debt to strengthen its coffers, and from that it can allocate part of it to municipalities, as planned.” “If you create a fixed fund that is not tied to any type of additional resources, that’s money that the county is going to have to distribute from its own pool,” he added.
In addition to the funds allocated to municipalities, the political opposition has already asked the regional executive to “share” positions in the constitutional bodies and the Supreme Court.
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