The governor of the province of Buenos Aires, Axel Kicillof, presented this Monday the 2026 Budget Law, which establishes an investment of 3.2 trillion pesos and includes a Financing Law to meet the "financial obligations" of the district, albeit with debt at "sustainable levels". The province's "main law" "foresees a total capital investment of $3.2 trillion, as the province considers public works essential to continue improving the quality of life for the people of Buenos Aires". The Governor's office listed several initiatives in a statement: "The 'Schools to Work' program will continue; the reurbanization of popular neighborhoods; roadwork for the maintenance of highways and rural roads; the paving of productive roads; the continuation of the water plans for Greater La Plata and Bahía Blanca-Coronel Rosales; the construction of water treatment plants, aqueducts, storm drains, and sewers; among others". Regarding the 2026 Tax Law, the Buenos Aires government established that "the guiding principle is to recognize the effort of the productive sectors and not to increase the tax burden". At the same time, no rate for the Gross Income Tax is modified, and "the annual billing amounts that allow small and medium-sized enterprises (SMEs) from different productive sectors to access reduced rates are updated". It also "implements a fairer tax on real estate and motor vehicles" and "maintains the tax burden for the Urban and Rural taxes, while reducing and improving equity in the case of the Motor Vehicle Tax". Finally, the Financing Law "aims to comply with the financial obligations facing the Province, maintaining its debt at sustainable levels," and "includes the creation of a Municipal Investment Strengthening Fund to support municipalities in carrying out priority infrastructure works".
