News of budget

Government publishes decree on budget changes for 2022

22-02-2022 15:35 Government issues decree on Tuesday authorising more local debt issuance this year.

Argentina more than halves 2021 budget deficit amid IMF talks

21-01-2022 22:56 Argentina sharply reduced its budget deficit in 2021 as President Alberto Fernández tries to cut down on spending amid talks with the International Monetary Fund.

INTERVIEW / PERIODISMO PURO

Alberto Fernández: ‘We went to extremes and lost the centrist vote’

31-12-2021 12:47 The president granted this interview after conversing with IMF Managing Director Kristalina Georgieva. He began a long interview after a day full of tension, topped by the defeat of the Budget bill in Congress.

by Jorge Fontevecchia

BUDGET FURORE

Government extends 2021 Budget and restructures double severance

31-12-2021 12:35 The extension of the 2021 Budget and the phasing out of double severance were published last Thursday in the Official Gazette, via decrees signed by President Alberto Fernández.

IMF DEBT TALKS

President Fernández speaks with IMF chief after budget fiasco

18-12-2021 08:09 IMF Managing Director Kristalina Georgieva and President Alberto Fernández share “very good meeting” as talks over debt restructuring continue.

EDITORIAL

When budget rhymes with ‘fudge it’

18-12-2021 07:32 In Argentina the budget continues to be something of a bad joke.

Politics

Blow for government as 2022 budget bill is rejected in Congress

17-12-2021 17:07 In a blow to President Fernández, deputies in lower house reject ruling coalition’s proposal. Economy Minister Guzmán confirms government will extend current budget via decree.

BLOOMBERG

Lower house unexpectedly rejects 2022 Budget bill

17-12-2021 14:55 Lower house of Congress unexpectedly rejects government’s 2022 budget proposal, a blow to President Alberto Fernández as he enters the second half of his presidency.

POLITICS

2022 Budget bill: Government suffers defeat in Congress

17-12-2021 14:50 Argentina's government suffered an embarrassing defeat on Friday as its 2022 Budget was rejected by Congress, underlining tensions over the country's economic policies.

2022 BUDGET

Government forecasts 33% inflation, 4% growth in 2022 Budget

17-09-2021 14:07 Economy Minister Martín Guzmán meets deadline, submitting Budget bill to Congress at the last possible moment in the dead of night, as crisis raged in the ruling coalition.

BUDGET 2022

Argentina's 2022 Budget sees primary deficit falling to 3.3%

16-09-2021 10:24 Budget bill, presented to the Chamber of Deputies just before midnight on Wednesday, forecasts inflation reaching 33% in 2022.

Bloomberg

Argentina 2022 Budget bill assumes an IMF deal, Fernández says

15-09-2021 17:42 First draft of next year's budget bill will be sent to Congress on Wednesday and it assumes the country will reach an agreement with the International Monetary Fund to refinance its record US$45-billion debt.

ECONOMIC ANALYSIS

Balancing the budget, a dubious aim in an electoral year

30-01-2021 08:38 Economy Minister Martín Guzmán’s plans could collide with government aspirations for a good result in the 2021 midterms.

Coronavirus pandemic

Government doesn't expect to resume IFE payments this year

25-01-2021 23:31 Argentina will not need a new version of the Ingreso Familiar de Emergencia (IFE) scheme, implemented last year during the coronavirus pandemic, a senior government official has told Bloomberg.

MARTÍN GUZMÁN

Should he stay or should he go?

19-12-2020 08:31 The series of reversals of Martín Guzmán’s 2021 policies sends a clear message: austerity will not be tolerated, much less so in an electoral year.

by Agustino Fontevecchia

POLITICAL INSTABILITY

On the verge of another nervous breakdown?

14-11-2020 09:16 More of the usual will generate similar outcomes as we’ve seen in the past: stagflation, polarisation, and a growing bureaucracy. It’s time for our political class to take charge of the situation to avert another disaster.

by Agustino Fontevecchia

THE WEEK

What we learned this week: September 19 to 26

26-09-2020 09:29 Our pick of the stories from the last seven days in Argentina.

LA GRIETA

What we've got here is failure to communicate

26-09-2020 09:13 There are at least two major elements to conducting public policy: the construction and execution of successful strategic plans and their communication, in order to generate the correct expectations.

by Agustino Fontevecchia

AS I SEE IT

The incredible shrinking peso

26-09-2020 08:58 The desperate attempts that are being made to keep the dollar out of arm’s reach are bound to prove counterproductive; it is the government’s way of inadvertently warning people that, yet again, the economy is going under.

by James Neilson

CAPITAL CONTROLS

Pesce and Guzmán split over curbs on dollar purchases

19-09-2020 09:26 Government’s economic team split on latest crackdown, as well as how long new rules should remain in place.

Budget proposal

Fernández's first Budget projects 5.5% growth in 2021

16-09-2020 01:17 Government's budget bill forecast for 2021: economic growth of 5.5%, primary fiscal deficit of 4.5%, inflation at 29% and 102 pesos per dollar.