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Argentina's Senate Approves Milei's Key 2026 Budget Bill

12/27/2025

Summary

Story summary

Argentine President Javier Milei's 2026 budget bill was approved by the Senate in a 46-25 vote, marking a significant legislative win for Milei.
Milei has been in office since 2023, and the budget's passage follows his party's success in the October 2023 midterm elections.
The budget authorizes the Milei administration to issue debt abroad, a crucial step for Argentina's $20 billion IMF agreement.
Tensions during the budget process centered on spending cuts to universities and disability programs, prompting negotiations with centrist blocs.
Milei secured support from former President Mauricio Macri's party, a vital bolster for his legislative agenda.

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Story summary

Argentine President Javier Milei's 2026 budget bill was approved by the Senate in a 46-25 vote, marking a significant legislative win for Milei.
Milei has been in office since 2023, and the budget's passage follows his party's success in the October 2023 midterm elections.
The budget authorizes the Milei administration to issue debt abroad, a crucial step for Argentina's $20 billion IMF agreement.
Tensions during the budget process centered on spending cuts to universities and disability programs, prompting negotiations with centrist blocs.
Milei secured support from former President Mauricio Macri's party, a vital bolster for his legislative agenda.