The Argentinean government has presented the 2026 budget bill, which significantly impacts the country's pension system. The main provision is that retirees will continue to receive monthly adjustments linked to inflation, but will not get any additional increases.
A key measure is the freezing of the 70,000-peso bonus for those on minimum pensions. This amount has been stagnant since March 2024. According to the Congressional Budget Office (OPC), the bonus's impact on GDP will decrease from 0.4% to 0.3%, reflecting its loss of value due to inflation.
The government will allocate a total of 65.7 trillion pesos to pay for pensions and benefits for 6 million beneficiaries. President Javier Milei aims to have this project approved during extraordinary sessions between December 10 and 31.
The ANSES administration has clarified that while the total budget line for pensions will increase by 5%, this will only cover inflation and will not result in a real raise for retirees. The system will be funded by 28.61% of the fuel tax revenue and the entirety of the check tax.
