INTELLIGENCE Government increases budget, allocating 100 billion pesos to spy agency 23-07-2024 16:22 President Javier Milei's government raises budget, justifying move with need to "settle actions" and "reorganise the National Intelligence System."
JUSTICE SYSTEM & PRISONS Milei slashes budget for legal centres in favour of prison spending 29-06-2024 04:25 Argentina’s Justice Ministry announces closure of 81 Centres of Access to Justice nationwide; Milei government boosts budget for the ‘Criminal Policy’ programme by 963% in move to “modernise Penitentiary Service” and “improve the situation of persons deprived of liberty." by Agustina Bordigoni
GOVERNMENT SPENDING Budget for Karina Milei's office boosted 219% from last year 10-06-2024 16:33 Preliminary budget data for first five months of the year indicates that funds assigned to the office of the presidential chief-of-staff has soared. Defence and security spending also high. by Agustina Bordigoni
Marcha Federal Universitaria Massive crowds march against Milei’s cuts to state universities 23-04-2024 21:08 Large crowds turn out nationwide for march in defence of universities and state education; One of biggest rallies yet of President Javier Milei's government, with estimates ranging from 100,000 to half a million.
EDUCATION & ECONOMY Universities defy Milei’s spending cuts with massive march 23-04-2024 15:16 At cities nationwide, students, graduates, faculty and auxiliary staff from 57 national state-run institutions take to the streets “in defence of public and free university.”
POLITICS & ECONOMY Juntos por el Cambio governors to back ‘omnibus’ bill, fiscal package 04-04-2024 21:35 Interior Minister Guillermo Francos and Cabinet Chief Nicolás Posse lead talks over the so-called ‘Ley de Bases,’ potentially brokering a deal to see its passage through Congress.
EDUCATION Universities challenged: Chancellors warn Milei government money will only last until May 14-03-2024 11:44 President Javier Milei’s government is in the grip of a battle with universities over the education budget in 2024. Amid growing complaints, chancellors despair at condemnation from Casa Rosada and Presidential Spokesman Manuel Adorni. by Giselle Leclercq
SCIENCE & TECHNOLOGY Nobel laureates warn budget cuts are 'cancelling' research 06-03-2024 22:31 Sixty-eight Nobel laureates urge President Javier Milei to restore budgets for science and technology that have been cut under his drive to slash public spending.
LATIN AMERICA Chile President Boric plans 3.5% spending hike, vows economic revival 29-09-2023 09:22 Chile's left-wing President Gabriel Boric says he plans to raise public spending by just 3.5Y next year, less than in 2023, as the government struggles to deliver on its key policy proposals.
ECONOMIC OUTLOOK Budget bill sees 70% inflation, 600 pesos a dollar, 2.7% growth in 2024 16-09-2023 14:20 Economy Ministry sends draft 2024 budget to the lower house; Bill forecasts growth of 2.7% and 70% inflation.
ELECTION 2023 Massa adheres to Milei request to debate Budget bill after October election 14-09-2023 14:52 Representatives for La Libertad Avanza presidential candidate and Unión por la Patria leaders will meet to discuss postponement of 2024 Budget bill as suggested by the libertarian.
ELECTION 2023 Milei asks Massa to delay Budget introduction until after election 12-09-2023 19:56 Libertarian deputy and presidential frontrunner asks Argentina's economy minister to submit a Budget 2024 proposal after the October 22 elections, by “consensus” with the winning force.
Brazil's economy Lula to tap ally to run Brazil statistics agency, raising concerns of its future 27-07-2023 12:21 Lula's appointment of economist Marcio Pochmann to head Brazil's IBGE statistics agency raises credibility concerns due to his controversial left-wing views and past budget cuts affecting data accuracy.
NAZI ACCOUNTS PROBE Credit Suisse accused of hindering probe into Nazi accounts 19-04-2023 10:13 Credit Suisse accused of impeding an investigation into its historical assistance to Nazis that had revealed a number of previously undisclosed accounts, including 99 allegedly linked to German officials or Nazi-affiliated groups in Argentina.
EDITORIAL Budget or judge it (or fudge it) 29-10-2022 06:00 It looks like Argentina will have next year the Budget which it never could in this – that is the main upside after long hours of parliamentary debate which have done nothing to redeem politics from its current disrepute.
POLITICS & CONGRESS Lower house approves 2023 Budget after marathon session 26-10-2022 12:23 Ruling coalition secures approval of 2023 Budget bill with 180 votes in favour, 22 against and 49 abstentions, though articles to strip income tax exemptions for judges and judicial workers fails to win support.
BLOOMBERG – ANALYSIS British pound collapse erodes international trust in UK 28-09-2022 23:41 The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.
Budget 2023 Budget 2023: Massa projects 2% growth and 60% inflation 28-09-2022 23:10 Gross domestic product will grow 2% in 2023, with the government aiming for a fiscal deficit of 1.9% and annual inflation rate of 60%, according to the draft budget bill unveiled by Economy Minister Sergio Massa.
2023 Budget Government's budget bill forecasts 60% inflation in 2023 16-09-2022 09:01 Argentina's government will forecast inflation hitting 60% in 2023 in its proposed budget, according to sources in Economy Ministry.
Football Brazil’s football clubs dominate the continent – and the gap is getting bigger 12-09-2022 14:59 A look at the prizes up for grabs and the budgets dedicated to playing staff expose huge asymmetries between football in neighbouring Brazil and here at home. With Argentina’s economy in crisis, it’s no wonder that Brazilian sides have picked up four of the last five Libertadores titles. by Agustín Colombo