Politics Economy Local 2025-11-18T04:31:42+00:00

Buenos Aires Provincial Budget Debate Begins

The Buenos Aires provincial budget debate commenced on Tuesday, covering the 2026 budget, tax laws, and a $3.865 billion financing request. Governor Axel Kicillof's proposal has created tension with opposition parties and internal factions within his own coalition.


Buenos Aires Provincial Budget Debate Begins

Buenos Aires, November 17 (NA) – The debate over the Buenos Aires provincial budget, sent by Governor Axel Kicillof to the Legislature, will begin this Tuesday at 14:00 in a process that is expected to be complex due to the internal conflict between the provincial leader and the sector aligned with La Cámpora. The president of the provincial Chamber of Deputies, Alexis Guerrera, will head the Budget and Taxes Commission meeting starting at 14:00 to kick off the parliamentary debate on the bill package sent by the Buenos Aires Executive Branch. The document presented by Guerrera includes the treatment of the 2026 Budget, the Imposition Tax Law, and the financing request for 3.865 billion dollars, which came into parliamentary status during last Wednesday's session. The project, accessed by the Argentine News Agency, was presented by the ruling coalition as a 'defensive' measure against President Javier Milei's adjustment policies. It allocates 92.6% of total spending to current expenditures and creates a 900 billion pesos State National Debt Recovery Fund to channel resources from legal claims against the Nation. Additionally, the debt request includes the creation of the Municipal Investment Strengthening Fund, to be financed with 8% of a credit of nearly 3.035 billion dollars and distributed through the Unique Distribution Coefficient (CUD). While the Kicillof faction seeks to pass these projects, the opposition has its own requirements for supporting them, not to mention that the governor must also secure internal support from La Cámpora. The opposition blocs' demands consist of negotiating the pending positions in the Buenos Aires Supreme Court, as well as a fixed fund for mayors with 'free availability'. The Buenos Aires provincial Executive Branch chose as negotiators in the Lower House the elected deputy and Mayor of Almirante Brown, Mariano Cascallares, and the Minister of Infrastructure, Gabriel Katopodis, an elected senator. In turn, Vice Governor Verónica Magario will lead the negotiations in the Upper Chamber.