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Economy & Business - January 2026
ARGENTINA: Milei bills advance in congress with writeoffs
Argentina’s President Javier Milei is leveraging his new-found majority in congress to push a host of free-market economic reforms but has also seen the limits of what he can achieve with his new legislative powers. Before the end of the year, Milei scored a double victory in congress with the approval of the 2026 budget and a ‘fiscal innocence law’, which is designed to encourage Argentines to deposit undeclared US dollar savings into the formal banking system, boosting central bank (BCRA) reserves. Both votes, held on the day after Christmas, came after the ruling far-right La Libertad Avanza (LLA) party increased its legislative presence last month as a result of October’s mid-term electoral result.
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