Governor Axel Kicillof celebrated the approval of the Financing Law this Thursday and considered that the norm was approved beyond the “explicit will” of Javier Milei to want the Buenos Aires territory to “collapse.” Kicillof stated that the head of state “bet on chaos” and “disorder,” and sought for the Province to “collapse to gain political advantage,” denounced on social networks. According to what the Argentine News Agency was able to learn, the governor valued the approval of the norm by a 2/3 majority of the legislators, as well as that of the other two projects sent by the provincial Executive: the 2026 Budget and the Fiscal Law. “They are indispensable tools to continue functioning in this emergency context,” said Kicillof in his message, while stating that in this way, the Province will be able to meet the debt deadlines generated by former Governor María Eugenia Vidal. Meanwhile, he argued that the package of laws does not change the general picture of “emergency” generated by the Government's economic policy, and reaffirmed his commitment to “keep demanding” from the Executive what “corresponds to the Province.”
Balance after the financial relief
With the approval of the most important of the three laws sent to the Legislature, Kicillof and the mayors had some financial breathing room in the face of the Milei government's cuts. “This borrowing permission covers what was paid in 2025 for debt services and what is coming in 2026,” they told this agency from the governor's office. In La Plata, they sought to downplay the price that the ruling party had to pay to achieve the necessary consensus to reach the two-thirds of the votes. Thus, an expanded board of directors was sealed, reflecting the architecture of the political agreement.
The positions at BAPRO that unblocked the debt
With the designation of the new board of directors and the already closed position scheme, the Province managed to seal a broad understanding that unblocked its financial roadmap. The new composition of the Banco Provincia ended up being a key axis of the political agreement that enabled the approval of the economic package designed to face 2026. “Faced with the request for more positions, it was sought that it be approved by the Legislature, so that the different political groups would assume responsibility for their creation,” summarized from the governor's environment.
How was the new BAPRO board composed?
The new BAPRO board was formed through a distribution that involved all the forces with weight in the negotiation, both from the peronist ruling party and from opponents of different political colors. The Front for Renewal (Frente Renovador) placed Javier Osuna and Sergio Bordoni, while the core of the ruling party that references Kicillof added Cuto Moreno, Julio Pereyra, Alejandro Formento and Carlos Orsingher. La Cámpora incorporated Rodrigo Rodríguez and Laura González, and the mayors of the Conurbano were left with Gabriela Demaría. In the opposition, Unión y Libertad placed Fernando Rozas; the PRO, Matías Ranzini and Adrián Urreli; and the UCR secured the places of Marcelo Daletto and Fernando Pérez.
