Ruling party La Libertad Avanza (LLA) managed to get a commission-approved version of the 2026 budget bill in the Senate on Friday, after a sensitive chapter axing social spending was rejected in the Lower House. The 2026 budget bill was approved in Chamber of Deputies, but Lower House lawmakers rejected the crucial eleventh chapter. This included repealing the Disability Emergency and University Financing laws, as well as several other social spending cuts. Other initiatives in that section of the budget bill included cuts to heating subsidies for people in cold areas and abolishing the system that updates child benefits according to inflation. During Friday’s meeting, Treasury Secretary Carlos Guberman noted that the presentation of the budget represents “an important step” and recalled that last year, no budget bill had been discussed.

Source: Bueno Aires Herald December 19, 2025 22:59 UTC