Finance Minister Alfonso Prat-Gay presented the 2017 Budget in Congress yesterday, formally kicking off the review process to generally cautious approval by the opposition. Annual inflation will slow to the range of 12 to 17 percent in 2017, according to estimates included in the bill. In 2015 a deficit of US$ 2.97 billion was recorded and 2016 is expected to come in with a deficit of US$ 646 million. Prat-Gay said the 2017 budget will be the first in many years based on reality. Lawmaker Néstor Pitrola of the FIT denounced collusion among the other opposition sectors in favour of a “Kirchnerite budget”.

Source: Bueno Aires Herald September 16, 2016 03:59 UTC