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Weekly Report - 13 September 2018 (WR-18-36)
ARGENTINA: Under pressure to find fiscal balance
After announcing a series of drastic economic measures and setting ambitious new macroeconomic targets designed to dispel Argentina’s currency crisis [WR-18-35], the government led by President Mauricio Macri is now under intense pressure to deliver. Key to these efforts is an austere and balanced 2019 national budget. But achieving this is no mean task as the Macri administration needs the opposition-controlled federal congress, and the mostly opposition provincial governors in particular, to agree to deep and politically unpalatable spending cuts. What could prove to be a critical political negotiation intensified this week, with the Macri administration presenting its latest proposals to provincial governors.
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