Argentina fiscal adjustment: public spending to drop 14 points over three years

Iaraf report projects a cumulative 14-point reduction in Argentine public spending as a share of GDP by 2027, with the sharpest cut in 2026 driven by reduced transfers to provinces and public works. National primary spending would fall to 12.4% of GDP in 2027. This signals sustained fiscal consolidation under the current administration, with implications for provincial relations and economic activity.