He governmentled by the president Javier Mileifaces a new defeat in the Senate that promises to intensify the debate on the fiscal deficit. This situation occurs in a context of growing political and economic tension, where the Executive’s decisions are constantly being questioned by the opposition and some sectors of society.
The next Senate session, scheduled for Thursday, will be crucial for the government. This session will discuss a bill that has already been partially approved by the Chamber of Deputies and which refers to the funds allocated to education, specifically the budgets for national universities.
This project, promoted by the radical deputy Danya Tavela, proposes an update of the university budget based on last year’s inflation and a bi-monthly indexation using a coefficient that combines the variation of the Consumer Price Index (CPI), the dollar and public service rates.
He government Milei has described this project as a measure of “fiscal degeneracy”, arguing that it represents a significant additional expense for the year 2024According to data provided by the Congressional Budget Office (CBO), the additional investment would be approximately 738.595 billion pesos, equivalent to 0.14% of the Gross Domestic Product (GDP).
Despite these arguments, the bill is expected to be approved by an overwhelming majority in the Senate, which would represent a new defeat for the government. This situation is not new for the Executive.
In recent weeks, the government has suffered several defeats in Congress, which has hampered its ability to impose its legislative agenda. Relations with the opposition and with some of its own blocs have deteriorated, leading to the expulsion of a deputy and a senator.
Dynamic
This dynamic has created an atmosphere of uncertainty and has highlighted internal divisions within the ruling party. The debate on the fiscal deficit is one of the most controversial issues on the current political agenda.
He government Milei has taken a firm stance in favor of a fiscal surplus, arguing that it is essential to ensure the country’s economic stability. However, this position has been criticized by the opposition, which accuses the government of implementing austerity policies that harm the most vulnerable sectors of society..
