President Javier Milei’s government wants to introduce a new bill that would set the ground rules for administrations at all levels of Argentine governance, blocking them from running deficits.
The "Law of National Commitment to Fiscal and Monetary Stability" – which has emerged from Milei’s “May Council” – would introduce legal mechanisms destined to guarantee a balanced budget and avoid government deficits.
The bill would prohibit excess spending by central, provincial and municipal governments with the aim of avoiding fiscal risk.
It would also introduce penalties for officials who stray from the rul
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