The National Senate is holding an important session this Friday in which it will define the 2026 Budget bill and the so-called Fiscal Innocence Law, two central initiatives for the agenda of Javier Milei's government.
The debate is taking place within the framework of an extraordinary session period convened by the president and began shortly after 12:20 p.m., with expectations focused both on the official macroeconomic projections and on the proposed changes to the current tax system.
One of the main focuses of the day is the consideration of the budget for the year 2026, which contains the economic estimates prepared by the Executive Branch.
According to what has been presented by the government, the projected scenario includes strong economic growth of 5% for that year, annual inflation of 10.1%, and an official exchange rate that would stand at around 1,423 pesos per dollar by December. These figures serve as key parameters for the planning of public spending, revenue collection, and fiscal policy in general.
The Fiscal Innocence Law
Meanwhile, the upper house is analyzing the Fiscal Innocence Law, an initiative that introduces significant changes to the tax legal framework. The bill proposes amendments to the Criminal Tax Regime (Law 24.769), the Tax Procedures Law (11.683), and the Civil and Commercial Code of the Nation, in addition to creating a Simplified Sworn Statement Regime.
