This Sunday, September 15, the president Javier Milei will present the 2025 Budget in Congress, to announce the Next year’s budget, which focuses on reducing the deficit and achieving fiscal balance, among other issues. The schedule will be at 9 p.m. and It will be broadcast on national television for half an hour.
“I will be going to Congress to explain the foundations of a zero deficit, to end once and for all this cancer that is the fiscal deficit, the fiscal crisis and the macroeconomic disaster that has plunged Argentina into poverty,” he said on Thursday, during his speech at the Madrid “Río de la Plata” Forum held at the Palacio Libertad (formerly CCK).
The first part of the exhibition will deal with the role of the State and politicsYotax ethics. He then plans to detail ceitherhow the deficit rule works zero. Finally, it will refer to the prospects and what this rule implies.
The zero deficit rule
A central element of the president’s exhibition, in which was working personally with his collaborators from the management of the Treasury and the Central Bank, in charge of the Minister of Economy, Luis Caputoand Santiago Bausili (in that order), consists of how the zero deficit will be managed.
In this regard, sources from Casa Rosada told this media that Milei will propose that If next year the resources actually turn out to be higher than expected, the surplus will not be used (as has historically happened) to increase spending, but will be applied to tax reduction.
On the contrary, If the revenue forecast turns out to be lower than budgeted, fiscal balance will be firmly maintained by providing for an additional reduction in expenditure.In this sense, the Government clarifies that the Executive Branch In this case, it will not contemplate a reduction in spending on the most vulnerable sectors.
In the immediate future, the ruling party legislators already have an indication: “If funds are required for a specific project or purpose, they must indicate from whom the funds are being taken,” they explain in the Casa Rosada.
Officials repeat, almost like a prayer, that Zero deficit and sustained fiscal balance is a political priority. But they emphasize that will continue with social support policies for the most needy segments –without intermediariesas the Ministry of Human Capital has been doing, in charge of Sandra Pettovello-.
The Government assures that it will be carried out “a profound modernization and simplification of the State.” The main person responsible for this task is the Minister of Deregulation and Modernization of the State, Federico Sturzenegger.
Security and Defense
In Freedom Advances it is interpreted that another of the main requirements of society, which made it come to power, is to combat crime. Hence, it will be proposed an increase in the allocations for security and defence equipment and modernisation.
It is not ruled out that, true to his style, Milei will take advantage of the platform to attack those he has baptized as “degenerate prosecutors”. He has already warned on other occasions 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.”
It is expected that, once the President’s speech is over, the 2025 budget project will be formally submitted to Parliament.
The analysis of the initiative will begin immediately. Next Monday, the Secretary of the Treasury, Carlos Guberman, will have a meeting with PRO deputies.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
