The Government of Javier Milei sent to Congress on Thursday a bill that prohibits monetary issuance aimed at financing the fiscal deficit and requires the submission of budgets with balance or surplus.
The initiative, called "National Commitment Bill for Fiscal and Monetary Stability," was presented by presidential spokesperson Manuel Adorni during a press conference at Casa Rosada.
According to Adorni, the bill will establish a total prohibition on issuing pesos to cover unsupported expenses, and will require that the national budget always present either balance or surplus. “The national budget must always project a balanced or surplus financial result. It will be prohibited to pass deficit budgets. Regulations that do not indicate how expenses will be financed will be null and void,” the official explained. He also announced that new criminal offenses will be introduced to punish officials who violate this provision.
