Argentina authorizes 4.45 trillion peso budget increase for state entities and intelligence

The Milei administration has implemented a net budget expansion of 4.45 trillion pesos, prioritizing funding for the Ministry of Human Capital, the Ministry of Economy, national universities, and the state energy administrator CAMMESA. The move also includes a significant allocation for the SIDE intelligence agency, while simultaneously reducing subsidies or funding for public companies. This shift reflects a recalibration of state priorities amidst ongoing fiscal consolidation efforts.