The project must be submitted to the Budget and Finance Commission in the Chamber of Deputies to begin its discussion.
After speculation about the continuous postponements, the Government announced that the project of the Budget 2025 will begin its debate in the Budget and Finance Commission of the Chamber of Deputies on Tuesday, October 8.
The debate is expected to continue on subsequent Tuesdays for at least two months, so the project would reach its approval around the end of 2024. The first officials who will defend the proposal at the parliamentary level will be the Secretaries of the Treasury, Carlos Guberman, and of Finance, Pablo Quirno. Meanwhile, Peronism insists on the presence of Minister of Economy, Luis Caputo, and the director of the BCRA, Santiago Bausili.
The block of La Libertad Avanza trusts in having the support of the PRO and the MIDwith whom they meet at a legislative table every Monday, and negotiates both with the UCR as with blocks referenced with provincial governments (Federal Innovation and Federal Meeting) to unblock the approval, considering that Union for the Homeland -majority bloc in both chambers- will oppose. However, the ruling party still receives demands from the provinces for the fiscal adjustment that it requests from the districts.
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: 5% growth, 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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