The Chamber of Deputies approved the 2017 budget yesterday with over two-thirds majority. The first budget of President Mauricio Macri’s government received 177 votes in favour, 58 against, and 4 abstentions. Speaking of the significant support for the budget, Mario Negri, spokesperson for the governing coalition Cambiemos, gave a summary at the end of the debate: “Maybe this budget doesn’t please everyone. It is the budget that we built together with the country that we inherited. It also forecasts an average exchange rate of around $18 to US$1, and an inflation rate of 17% for 2017.

Source: The Argentina Independent November 04, 2016 12:41 UTC