The Buenos Aires Legislature began its session at 8:00 PM to consider the 2026 Budget and the Tax Bill sent by Governor Axel Kicillof, with a proposed recess until Friday at 10:00 AM for the financing project. According to legislative sources, the main budget bill and the tax bill are set to be approved with a simple majority, although opposition sectors like PRO, UCR, and the Civic Coalition will vote against. By postponing the vote, the ruling party seeks to extend the negotiation deadlines with the opposition over seats on the Banco Provincia board and other public bodies. This delay also opens a window for continued talks with mayors about funding for public works, who seek to receive 8% of the USD 3.685 billion in debt. The Buenos Aires Legislature is advancing with a double session on Axel Kicillof's Budget. If the Lower House successfully concludes the session, the Buenos Aires Senate could mirror the initiatives sent by the governor. Meanwhile, the head of the PRO bloc in the Buenos Aires Lower House, MatÃas Ranzini, announced that his yellow bloc will vote against the Tax Bill sent by Kicillof. Ranzini accused Kirchnerism of 'imposing' the elimination of the exemption on Gross Income Tax for operations with public securities and negotiable obligations in their Tax Bill in the province of Buenos Aires. 'They want to raise more at all costs at the expense of making private sector financing more expensive, which ultimately affects the pockets of those who want to invest,' Ranzini stated on social media, while adding that his bloc rejects the governor's tax bill.
