Argentina’s government has officially enacted the Fiscal Innocence Law, aiming to promote the formalization of undeclared savings, including the notorious “mattress dollars,” while also redefining the dynamics between the state and taxpayers. The measure, representing one of the most ambitious tax reforms of President Javier Milei’s administration, was formalized by Decree 93/2026, which appeared in … Read more
State spending decreased by 5.1 percentage points of GDP from 2023 to 2025, reaching approximately 14.5 percent of GDP – the lowest level observed in the last ten years. A recent report indicates that the adjustment primarily focused on public works, economic subsidies, and discretionary transfers to provinces and universities. In 2025, social benefits—comprising retirements, … Read more
President Javier Milei has adjusted his agenda for the upcoming weeks, postponing a scheduled trip to the United States to participate in the inaugural meeting of Donald Trump’s Board of Peace on February 19 in Washington DC. Milei had originally scheduled a trip to the US this week, with plans to visit Trump’s Mar-a-Lago estate … Read more
A technical staff team from the International Monetary Fund arrived in Buenos Aires on Thursday, aiming to conduct an audit of Argentina’s economic program. Javier Milei’s administration secured a US$20 billion loan with the Fund last April, adding to an existing US$45 billion debt incurred during Mauricio Macri’s government in 2018. To secure an impending … Read more
President Javier Milei aims to dismantle one of Argentina’s most significant financial taboos: providing dollar loans to individuals and businesses that do not generate income in dollars. Since the 2001 debt crisis, local banks have been effectively prohibited from extending dollar loans to borrowers who do not earn income in US currency. A shortage of … Read more
China and Uruguay committed to enhancing their economic ties on Tuesday, coinciding with Javier Milei in Argentina embracing the Trump administration’s revitalized approach in the region. Following a meeting in Beijing between presidents Yamandú Orsi and Xi Jinping, Uruguay and China formalized over a dozen agreements encompassing investment, trade, and scientific cooperation. In a distinct … Read more
Argentine President Javier Milei this week ridiculed Paolo Rocca, one of the nation’s most affluent chief executive officers, by referring to him as Don Chatarrín (Mister Scrap Metal). The remark followed his company’s failure to secure a pipeline construction contract with an Indian firm, resulting in reported threats of an anti-dumping lawsuit and highlighting the … Read more
As the deadline approached for Argentina to fulfill its obligations to bondholders, amounting to billions, President Javier Milei sought assistance from a well-known figure. Bankers at JPMorgan Chase & Co contributed approximately US$340 million as part of a multi-bank repurchase agreement this month, providing Argentina with essential liquidity. The agreement has elevated the bank’s overall … Read more
Consumption in Argentina exhibited improvement last year, although it experienced a deceleration in November and December, according to a recent report. Data indicates that consumption increased by 2.5 percent in 2025 relative to the prior year, even as it experienced a decline in December for the second consecutive month. The Consumption Indicator compiled by CAC … Read more
A prominent pipeline initiative endorsed by Javier Milei’s administration opted for a foreign supplier rather than a domestic behemoth led by one of Argentina’s wealthiest individuals, serving as a litmus test for the President’s commitment to a free-market approach aimed at liberalizing a protectionist economy. Southern Energy SA, the private consortium spearheading the construction of … Read more