Economy Politics Local 2025-12-28T01:36:07+00:00

Milei Confirms Argentina Will Pay Its Debt

President Javier Milei confirms Argentina's commitment to pay its 2026 debt. Economy Minister Luis Caputo handles financing and payments. The Senate approved key budget and 'fiscal innocence' laws. The Central Bank is strengthening reserves, which have reached a record level.


Milei Confirms Argentina Will Pay Its Debt

Buenos Aires, December 27 (NA) – “Argentina is going to pay its debt, have no doubts,” assured President Javier Milei when asked about the 2026 maturities. Milei stated that the implementation of financing and payments is being handled by Minister of Economy Luis Caputo, who days before had said that the will of his ministry was to reduce reliance on Wall Street. The head of state made the radio statements after the Senate passed the 2026 Budget and the “Fiscal Innocence” laws, considered key by the Executive to advance in fiscal stability, reported the Argentine News Agency. Additionally, this Friday the Central Bank made a strong purchase of foreign currencies, aimed at strengthening the reserves. In 2026, some US$12.600 billion in debt mature, of which US$4.200 are due in January. Regarding the debt payment, Milei said that “Minister Caputo is going to resolve that, who understands like no one else the value of paying.” This Friday, reserves rose by almost US$600 million and closed the week with a new record accumulation during the Milei administration, of 43.610 million dollars. Milei said that “the legislative elections passed, the ‘kuka risk’ plummeted and the demand for money began to recover. We believe yes,” Caputo wrote on his official X account, responding to a user who had asked if there would be a debt issuance in New York in January 2026. #AgencyNA We must have some merit for meeting the goals... Another of the impossible things we were reversing: we are the government that bought the most reserves in history, 30 billion dollars”. Meanwhile, Caputo said that “the objective is to eliminate the dependence that the country has on Wall Street”.