“I have the pleasure of addressing you, at the request of the President of the Honorable Chamber of Deputies of the Nation, in order to invite you to the presentation of the Draft Law on the General Budget of the National Administration for the Fiscal Year 2025, which will be carried out by the President of the Nation, Mr. Javier Gerardo Milei.. This is how the invitation that legislators have begun to receive for the speech that the president plans to give next Sunday in Congress begins.
For Milei the project of Budget 2025 It is the best expression of his economic thinking, which can be summarized as: zero deficit.
This means, according to official reasoning and for simplicity, that every expense must have its counterpart. “If there is more income, these funds will be used to lower taxes” explains a senior official. And what if there is less income? “Expenses will be adjusted”was the blunt response.
The president will focus on the four criteria that define the project: maintaining fiscal balance; assisting the neediest through plans without intermediaries; reducing, modernizing and simplifying the State, and increasing resources for defense and security.
It is expected that, as she has stated on other occasions, Milei will warn that “The caste will do everything possible to prevent the budget from being passed because a liberal and austere budget means the end of thousands of jobs.”
Parliamentary sources say that legislative approval of a budget of this nature will not be easy.
The pro-government legislators already have an indication: “If they want funds for a specific project or purpose, they must indicate from whom these funds will be taken,” they explain.
The president has been working on the design of the budget for some time and often has meetings with the team at the Treasury, especially with the Minister of Economy, Luis Caputo.
Preparations
Martin Menen is in charge of ensuring that there are not too many empty seats in the venue next Sunday. The PRO bloc is expected to have an almost perfect presence, while, on the other hand, Peronism/Kirchnerism is expected to make its absence felt.
In the Casa Rosada it is said that Milei’s presentation will last more than an hour and will be broadcast on national television. And after finishing his speech and in order to comply with the Budget Law, he will submit the full text of the project to the House.
So far, the head of the PRO bloc, Christian Ritondoand the head of La Libertad Avanza, Gabriel Bornoronihad not received some data from the budget project.
Regarding the PRO, The President is very pleased with the support received from this force to maintain the veto of the Retirement Law. This is what X posted: “Today (Wednesday) 87 heroes put a stop to the degenerate prosecutors who tried to destroy the fiscal surplus that we Argentines managed to achieve with so much effort,” he posted.
As soon as the vote was over, the President contacted Ritondo to convey his satisfaction: “I want to invite the 87 heroes to have a barbecue at Olivos”Milei said. The invitation was set for next Tuesday night.
Secrecy surrounding the 2025 Budget
“It was decided to maintain total secrecy regarding the budget,” official sources commented to this medium.
In the meantime, there is discomfort in the Executive Branch with the radicals – in particular with the head of the bloc of this party in the Senate, Eduardo Vischi- who is held responsible for not having complied with the agreement reached with President Milei on Wednesday at the Casa Rosada regarding not discussing in the chamber the DNU that allocates funds for the SIDE.
This discomfort and distrust is also transferred to the head of the radical bench in Deputies, Rodrigo de Loredo; in this context, The Government estimates that there will not be a significant presence of radicals in the building next Sunday.
When asked how many legislators will be present to listen to the president, the event organizers assured Scope that “It is estimated that half of the premises can be occupied”.
Official sources say that this Sunday, President Milei will once again challenge politics by presenting a budget that will set the guidelines on what the Executive expects regarding inflation, growth or the trade balance, among other macroeconomic indicators, and what the spending priorities will be for the liberal government.
“It will be a budget that will not go unnoticed and will undoubtedly arouse rejection from the caste”explain those close to the presidential entourage.
The first discussion of the draft budget will take place, as usual, in the Budget and Finance Committee of Congress, and members of the Ministry of Economy will be invited to speak and answer questions.
Source: Ambito
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