The 2026 budget project, known Monday, was prepared with a pattern of Fiscal surplus for next year 1.5% of GDP, figure less than 2.2% promised to the International Monetary Fund (IMF). This is stated in the official document of the Ministry of Economy that accompanies the project sent to Congress.
In the national chain speech, President Javier Milei spoke about the need to reach an agreement with all sectors, and that at least the result of next year’s exercise must end “.
The project also contemplates that in 2026 the financial surplus reaches the 0.3% of GDP. The novelty that arises from the initiative sent to Congress is that The starting point that will leave 2025 is adjusted. For this year, the economic team no longer hopes to meet the goal of the 1.6% of GDP agreed after the first review with the IMF -after having not reached the projections of accumulation of reserves -but it plans to close with a 1.5% of the product.
The fundamentals of the 2026 budget reflect the change of political scenario. The ruling went from having the ability to pass initiatives and spending cuts almost without resistance, to a context in which it must negotiate with the other forces and allocate resources as part of those agreements. It should be remembered that in the 2025 budget project, which was not approved, a primary surplus of the 1.3% of GDPfigure that the government itself then raised to 1.6% on your own initiative.
The project contemplates by 2026 a Primary surplus of $ 15.08 billion and a Positive financial result of $ 2.7 billion. According to official projections, total spending will amount to $ 158.7 billionwhile resources will reach the $ 161.4 billion.
In terms of GDP, State income would represent 14.3%while the erogations would be disaggregated as follows: 6.5% for social forecast, 2.3% for social assistance, 1.6% in salaries, 0.7% in economic subsidies, 0.3% in capital spending, 0.1% in other items and 1.4% intended for interest payment.
Taxes: How much does the government plan to raise in 2026
In tax matters, the 2026 budget projects a total collection of $ 90.3 billionwhich means a nominal increase in 22% in front of the $ 73.7 billion estimated for this year.
Considering that the inflation planned for 2026 is from 10.1%the government bets that tax revenues grow some 10 points above the general price levelwhich would imply an improvement in the performance of the Customs Collection and Control Agency (ARCA).
Source: Ambito
