A New Legislative Boost for the Argentine Government

The appointment of Diego Santilli as Cabinet Chief on June 30, 2026, renewed the ruling coalition's expectations in Congress. After the departure of Manuel Adorni, which had caused delays in the processing of various initiatives, the government would seek to accelerate the pace of approvals before the parliamentary recess scheduled for July 20.

The Priority Agenda in the Senate

The ruling party, La Libertad Avanza (a right-wing libertarian coalition led by President Javier Milei), would plan to call a session for next Wednesday. There, they would seek to approve 30 judicial appointments that already had their respective hearings. Additionally, they are pushing the so-called Hojarasca Law (literally 'Dead Leaves Law'), which seeks to repeal a package of 63 laws considered obsolete or in disuse.

The Debate Over 'Cold Zones' Subsidies

Another topic generating significant debate is the modification to the Cold Zones regime. In Argentina, 'Cold Zones' are regions with harsh winters that receive subsidies on utility bills. The bill, which has already passed the lower house, aims to narrow these subsidies. The initiative would cut subsidies in regions of Buenos Aires, Santa Fe, Córdoba, La Pampa, Salta, and Jujuy, prioritizing the user's purchasing power over their geographical location. Official sources would estimate savings of $272 billion Argentine pesos.

The project has faced resistance, especially from the Radicalism (UCR). Senators like Maximiliano Abad and Kroneberger would have announced their rejection, while a new draft is being proposed from Mendoza province. Santilli has convened representatives from the UCR, the PRO party, and provincial forces to seek constructive agreements.

Central Bank Reforms and Fiscal Amnesty

President Javier Milei would have also announced his intention to reform the Organic Charter of the BCRA (Banco Central de la República Argentina, the country's Central Bank). The goal is to reinforce the institution's independence and adopt a more flexible exchange rate scheme, stopping the financing of the fiscal deficit. This measure is inspired by the Peruvian model in place since 1993.

Another point on the agenda is the modification of the Fiscal Innocence law, an amnesty program promulgated in January 2026. So far, only 80,000 taxpayers have joined. Therefore, the government would seek to adjust the access limits and the concept of 'significant discrepancy,' which currently activates when there is a difference greater than 15% between what is declared and what is impugned by the tax authority.