The Government presents the 2027 Budget in Congress under the non-negotiable premise of zero deficit

The Government presents the 2027 Budget in Congress under the non-negotiable premise of zero deficit
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Argentina

The project will maintain the objective of fiscal order as the highest governing principle, as it is an essential condition to consolidate the reduction of inflation

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The Government will present the 2027 Budget project this Tuesday in the Chamber of Deputies, reaffirming fiscal balance as the central axis of economic policy and adding infrastructure works requested by allied governors and dialoguers.

The initiative defines the priorities for the last year of Javier Milei's term and outlines the variables with which the Executive plans to approach the presidential elections: lower inflation, recovery of activity, improvement in revenue, and expansion of foreign trade, all under the non-negotiable premise of zero deficit.

Unlike previous presentations, the President will not attend the chamber. On Monday, he met with legislators from La Libertad Avanza at the Casa Rosada. For more than two and a half hours, he focused on the balance of the economic situation and the need to maintain the course, without specifically addressing the Budget. The message was clear: fiscal discipline and the deceleration of inflation are non-negotiable.

The ruling party arrives at the discussion after several weeks of conversations with the provinces. Part of these exchanges will translate into the incorporation of infrastructure projects, a tool with which the Executive seeks to organize legislative support without altering the guiding principle: any agreement must preserve the balance of public accounts.

Zero deficit remains the indispensable condition that Milei considers necessary to consolidate the decrease in inflation.

The advance sent in July by the Minister of Economy, Luis Caputo, already anticipated a “significant deceleration” of the price index in the coming years, accompanied by an improvement in activity that allows for an increase in revenue in real terms.

According to TN, the document presented stipulates that for the period 2027-2029, the Government projects a slight annual real increase in tax revenues, mainly driven by economic recovery and growth in exports. This scenario is combined with the decision to continue reducing tax pressure, in line with the goal of easing the burden on the private sector and sustaining growth.




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