The fiscal balance was the axis of the president’s speech in the presentation of the 2026 budget. The president said that “it is the only solution to the problems of Argentina.”
Within the framework of the presentation of the Budget 2026, President Javier Milei said the tax balance would guarantee sustained growth of 5% per year. In addition, according to his vision, if that are added the structural reforms, the country could be world power in a couple of decades.
The libertarian said that “only for having reached fiscal balance and to maintain it over time, Argentina would reach, according to various studies, a 5% annual growth base.” As against the counter, he recalled that between 2011 and 2023 the Gross Internal Product (GDP) per capita fell a little more than 10% between 2011 and 2023, when the countries in the region grew between 15% and 20% in the same period.
“If we add the reforms that we want to carry out to the fiscal balance, we could be talking about a growth of 7% or 8% per year. To give them an idea, growing these rates would imply that in 10 years we would look like high -income countries, in 20 years we would be among the richest countries in the world and in 30 years we would be on the podium of world powers“He said.
Budget 2026: The fiscal balance, axis of Javier Milei’s speech
Throughout the recorded speech, which lasted approximately 20 minutes, Milei emphasized the importance of having a fiscal surplus, or at least balance, to ensure “decades of unimaginable growth.” “It’s not whim, it’s the Definitive solution to Argentina’s problems“He deepened.
The president said that “the path of the fiscal deficit was already tested”, both via monetary issuance and via debt, without result. In that sense, he called to “abandon magical thinking.”
“There is no other path than the fiscal order, the monetary order and, therefore, the exchange order. The surplus will allow us to grant financing to the private sector to develop infrastructure and logistics works, “said the president. In addition, forward, the government expects to advance in the aforementioned labor and tax reforms.
Source: Ambito
