PoliticsNotableReported
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Argentina's Caputo accused of excluding real expenses to show 2026 budget balance
PerfilLO·AR·about 9 hours ago
Argentine Economy Minister Luis Caputo asked businessmen for patience, postponing comprehensive tax reform until after 2031. He defended gradual tax reduction and criticized provincial taxes, signaling a slower fiscal consolidation path than previously expected.
Argentina's Economy Minister Luis Caputo has confirmed the postponement of comprehensive tax reform until after 2031, advocating for gradual tax reduction. He attributes rising country risk and slowing growth to external shocks, U.S. interest rates, Middle East oil prices, and domestic political uncertainty regarding a potential return of Kirchnerism. This indicates a slower fiscal consolidation path and a downgrade in official growth expectations.