The Argentine Senate approves the budget for 2026, a political victory for President Javier Milei

The budget approved by the Argentine authorities provides for total expenditures of approximately 101.8 billion dollars, equivalent to 148 trillion Argentine pesos. The government is counting on an economic growth of 5% in 2026 and anticipates an annual inflation rate of 10.1%, a decrease compared to previous years. A central objective of the fiscal plan is to achieve a primary budget surplus of 1.2% of GDP, part of President Milei's austerity strategy to reduce the deficit and restore macroeconomic balances.

The adoption of the budget comes after the success of the presidential party in the parliamentary elections and marks a test of Milei's influence in Congress. However, his allies failed to eliminate the increases in spending for disability payments and university funding. Analysts emphasize that, despite political certainties, Milei must negotiate with the opposition to promote his agenda. The budget includes controversial measures, such as the elimination of minimum funding thresholds for education and new conditions for public universities, and the vote in the Senate is seen as a signal of stability for investors.