Buenos Aires, November 26 (NA) -- The Buenos Aires Legislature was set early Thursday morning to approve the 2026 Budget and the Tax Law sent by Governor Axel Kicillof, while a recess was proposed until Friday at 10 a.m. over the financing bill. Provincial deputies gave the bill a first-pass approval, and an identical response was now awaited from the Buenos Aires Senate. According to legislative sources told to the Argentine News Agency, the main budget law and the tax law are set to be approved with a simple majority, although opposition sectors like PRO, UCR, and the Civic Coalition will vote against. With this postponement, the ruling party seeks to extend the negotiation deadlines with the opposition over seats on the board of the Provincial Bank and other public bodies. The delay also opens a window for further talks with mayors over funds for public works in the municipalities, which seek to receive 8% of the USD 3.685 billion in debt. According to what NA could learn from legislative sources, the Buenos Aires Senate could mirror the initiatives sent by the governor. The call in the Upper House was for 7 p.m., but the schedule was pushed back following Wednesday night's approval in the Chamber of Deputies. Meanwhile, the head of the PRO bloc in the Buenos Aires Deputies, Matías Ranzini, anticipated that his yellow bloc will vote against the Tax Law sent by Kicillof to the Legislature. Ranzini accused Kirchnerism of 'imposing' the elimination of exemptions on income tax (ingresos brutos) for operations with public securities and negotiable obligations in its Tax Law in the province of Buenos Aires. 'They want to raise more at any cost at the expense of making private sector financing more expensive, and ultimately, the pocket of those who want to invest,' Ranzini stated on social media, while also announcing that his space rejects the governor's tax law.
