MercoPress. South Atlantic News Agency

Argentine congress plans to have 2020 Budget Bill approved before end of the year

The head of the Lower House, Sergio Massa is working to complete the strategic budget committee, in which the ruling coalition will have a clear majority.

The recently sworn-in Argentine Lower House of Congress expects to sanction the Budget 2020 Bill during a special session next 18 December, giving the government of president-elect Alberto Fernandez sufficient margin to address the current situation and put Argentina back on track with an idea of revenue and commitments.

According to the ruling coalition Front of All, sources, the Budget Bill should be passed before end of the year, and the idea is to work with the mirror committee in the Senate to have the text agreed almost simultaneously by both chambers of congress.

With that in mind next week the Lower House will agree on the naming of the Budget and Treasury Committee, under the chair of the Kirchnerite lawmaker Carlos Heller. To that purpose the head of the Lower House, Sergio Massa is working to complete the strategic budget committee, in which the ruling coalition will have a clear majority.

Next December 12, the Lower House will hold its first extraordinary session in which new members, replacing those who have been named to posts in the Executive or in different provinces, will take the oath, and lawmaker Heller will have the mission of urgently calling the new government's economic team, to explain macroeconomic targets on growth, inflation, public debt, employment, foreign exchange and the dollar, among other issues.

The chronogram is to have a final statement by Tuesday December 17, and have it put to a vote the following day at a special session.