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What will be the major change in Argentine economic policy following Omnibus Law by December 31, 2024?
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Resolution / Starting Odds
Further tax reductions • 25%
New privatizations • 25%
Increased public spending • 25%
No significant changes • 25%
Official government announcements or reputable economic news sources
Story
Argentine Senate Narrowly Approves Milei's Omnibus Law Amid Protests, PAIS Tax Reduced
Jun 13, 2024, 01:50 AM
Argentine President Javier Milei has secured Senate approval for the Omnibus Law, a significant piece of legislation aimed at economic reform. The law, which includes state reduction, reorganizations, dissolution of trust funds, and five privatizations, passed with a narrow vote of 36 in favor and 35 against. Vice President Victoria Villarruel broke a tie to approve the flagship Ley Bases, which will return to the lower house for further discussion on individual chapters. The approval has sparked protests in Buenos Aires, where police clashed with demonstrators using tear gas and water cannons. The quorum necessary for the vote was 37, and opponent Lousteau provided the critical vote. Following the approval, Milei announced a reduction of the PAIS tax from 17.5% to 7.5%.
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Continued current policies • 33%
New economic reforms announced • 33%
Policies become more restrictive • 33%
Passed in entirety • 33%
Passed with significant amendments • 33%
Not passed • 33%
Tax Reforms • 33%
Monetary Policy Reforms • 33%
Trade Reforms • 33%
Tax Cuts • 25%
Tax Increases • 25%
Spending Cuts • 25%
Spending Increases • 25%
Tax cuts • 25%
Infrastructure spending • 25%
Social welfare programs • 25%
No major announcement • 25%