March 6th, 2026
1. Milei opened the regular sessions of Congress
President Javier Milei inaugurated the new regular session of the Argentine Congress with a speech lasting more than an hour and a half, marked by heated exchanges with the opposition and the announcement of a legislative agenda that will include nearly 100 initiatives during the year. According to the president, each ministry of the executive branch has prepared ten packages of legislative proposals that will be sent to Parliament on a rolling basis. According to the president, the bills will be presented monthly to the Argentine Chamber of Deputies and the Argentine Senate for debate, in what he defined as “nine uninterrupted months of reforms.” Among the notable initiatives are structural reforms to the legal, economic, and institutional systems. The government plans to promote amendments to the Civil and Commercial Code, the Civil and Commercial Procedural Code, the Customs Code of the Argentine Republic, and the Argentine Consumer Protection Law, in addition to tax reform and changes to the electoral system and the financing of political parties. The agenda also includes projects related to the protection of private property, the elimination of regulatory barriers to encourage investment, the development of the primary sector, and the exploitation of natural resources. In turn, the Executive plans to move forward with reforms to the judicial system, the Argentine Penal Code, and the education system at the preschool, primary, and secondary levels. The legislative agenda also includes the ratification of an agreement with the United States and a package of measures aimed at improving coordination between security and intelligence forces. During his speech, Milei stated that the objective is to review the country’s institutional organization and build a new legal architecture for the coming decades. “We will dedicate this year to examining the institutional legal organization that brought us here and building a new architecture that the Argentine State will have for the next 50 years,” he said.
2. Clashes between the government and business leaders: the UIA and AEA call for dialogue after Milei’s speech
Tensions between the government and part of the business sector intensified after President Javier Milei’s speech at the opening of the regular sessions of the Argentine National Congress. Both the Argentine Industrial Union (UIA) and the Argentine Business Association (AEA) questioned the tone of the presidential message and called for a more constructive relationship with the private sector. The UIA called for respect for the business community and warned of the impact on industrial activity. The president of the entity, Martín Rapallini, pointed out that “criticizing the business sector gets us nowhere” and raised the need to move forward with a dialogue that allows us to face economic challenges. The association also released its own survey showing a decline in manufacturing activity: more than 50% of factories reported drops in both production and sales. For its part, the AEA, which represents large companies in the country, also spoke out after the presidential speech and called for a “constructive and respectful dialogue” between the government and the private sector. The exchange comes amid a debate over the economic direction and reforms promoted by the executive branch, while the industrial sector warns about the situation facing productive activity and calls on the government to change the rules to maintain the competitiveness of the private sector.
3. Milei se reunió con el embajador de EE. UU. y prepara una nueva gira que incluirá una cumbre regional y la Argentina Week
President Javier Milei met with US Ambassador to Argentina Peter Lamelas on Tuesday at the Quinta de Olivos. The meeting began at 10 a.m. and lasted over an hour, with the aim of strengthening bilateral relations with Donald Trump’s administration in an international context marked by the escalation of the war in the Middle East. During the meeting, the diplomat said he was working on a possible visit by Trump to Argentina in the coming months. This is the second meeting between Milei and Lamelas in the same week, after the US ambassador participated on Sunday in the opening of regular sessions of the Argentine National Congress, where the president reaffirmed his alignment with the United States and highlighted the trade agreement signed in February between the two countries. At the same time, the White House confirmed that Trump will lead a summit tomorrow in Miami with 12 Latin American leaders allied with his administration, in which Milei will participate. The meeting, called “Shield of the Americas,” was announced by presidential spokeswoman Karoline Leavitt and will aim to promote “freedom, security, and prosperity” in the Western Hemisphere. In addition to Argentina, leaders from Bolivia, Chile, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Honduras, Panama, Paraguay, and Trinidad and Tobago are expected to participate. The meeting will be held at Trump’s residence in Mar-a-Lago and will seek to strengthen political coordination between like-minded Latin American governments, in a context marked by strategic competition with China in the region. After participating in the summit, the Argentine president could travel directly to New York to lead the activities of Argentina Week, which will take place between March 9 and 12.
4. Tax revenue fell in February, marking seven consecutive months of decline
Tax revenue fell again in February, marking its seventh consecutive month of decline in real terms, in a context marked by weak economic activity and changes in tax policy. According to various analyses, among the factors explaining the decline is lower consumption, which impacts taxes linked to the domestic market, particularly Value Added Tax (VAT). This tax tends to directly reflect economic activity and performed poorly during the second month of the year. At the same time, the decline in revenue from export duties also had an impact. The reduction in withholdings applied in recent months affected revenue associated with foreign trade, one of the relevant components of tax revenue. In this scenario, revenue continues to show signs of weakness, in line with the lower level of activity and the impact of tax changes. The negative trend has continued since the second half of 2025 and reflects the difficulties faced by different sectors of the economy.
Ámbito: La recaudación de impuestos mantuvo su debilidad en febrero y hubo una fuerte baja del IVA
5. Opening of regular sessions in CABA and Buenos Aires
The head of the Buenos Aires City Government, Jorge Macri, opened the 29th regular session of the Buenos Aires Legislature with a speech in which he combined an assessment of his administration with policy statements for the year. Accompanied by Deputy Mayor Clara Muzzio and First Vice President of the Legislature Matías López, the mayor presented initiatives aimed at urban innovation and modernization, including the creation of an Artificial Intelligence District and the launch of a Program for Technological Upgrading and Energy Transition in Transportation in the City. For his part, the governor of the Province of Buenos Aires, Axel Kicillof, opened the 154th regular session of the Buenos Aires Legislature with a speech that was strongly political in content and contrasted with the administration of President Javier Milei. During his speech, he announced that he would reintroduce the Public Drug Production Law, the implementation of the “Zero Risk – Zero Credit Balance” regime to reduce withholdings for compliant taxpayers, and a bill to regulate work on digital platforms. After assessing the economic situation, which he defined as a process of “stagflation,” a combination of recession and inflation, the governor argued that the national course favored financial income to the detriment of production.