Casa Rosada held a round of dialogues with closer blocs to bring positions closer together. The Secretaries of Finance and Treasury will defend the project.
After the presentation of Javier Milei in the Chamber of Deputiesthe start of the debate of the Budget 2025: Tuesday, October 8. Despite the insistence of opposition blocs, Luis Caputo will not be in the first week of debate, like the head of the BCRA, Santiago Bausili.
The officials designated to defend the project in the initial sessions are Pablo Quirno (Finance Secretary) and Carlos Guberman (Secretary of the Treasury). The debate in Budget and Finance Commission, chaired by José Luis Espertit will be once a week: time is of the essence if the project needs to be approved before the end of the year in both Chambers.
The delay in the call occurred because the Government needed to guarantee agreements with some opposition blocs on transversal guidelines regarding the Budget 2025essentially to what is pertinent to fiscal balance. In this framework, at the dialogue table that they have weekly with the PRO and the MID added a meeting with the closest sector of the UCRheaded by the president of his caucus, Rodrigo De Loredo.
“We agree that it is a balanced budget and the fiscal rule. Then there are points that we question”one of the radical leaders present at that meeting pointed out to this medium. Among the questions – shared by Union for the Homeland– There are the controversial derogations for one year of having a minimum budget for educational items. Likewise, there are reluctance from different blocks about the DNU 846/2024, which enables the free exchange of debt.
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Budget 2025: the most important points
Among the most relevant estimates of the project Budget 2025 are found:
- Inflation 2025 of 18.3%: would represent a huge distance from the 104.5% that the consumer price index would increase during the current year. It would be the lowest level of inflation since 2009 (around 14%).
- End of the COUNTRY Tax: The COUNTRY Tax would not be extended
- Official dollar of $1,207 at the end of 2025: The currency would evolve in line with the expected inflation, so the peso will no longer appreciate as it did this year. The Government’s calculations contemplate that the official dollar will be $1,019.90 in December of this year.
- GDP in 2025: growth of 5%, driven mainly by industry and commerce, with increases of 6.2% and 6.7%, respectively. For its part, the agricultural sector is expected to advance 3.5%. In sum, goods items grew on average 5.6%, above services, which rose 4.4%. On the demand side, a recovery of all components is expected; In particular, Private Consumption grows 4.5% and Investment, 9.9%.
- Primary surplus in 2025: 1.3% of GDP, which would represent a surplus financial result of $190,655 million. While the primary result would reach $1,473,426 million.
Source: Ambito
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