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Argentina Reopens Debt-Offset Program for Provinces With 60-Day Enrollment Window

The change seeks to clear long‑standing cross‑debts through tighter rules and firm deadlines.

Overview

  • Decree 171/2026, published in the Official Gazette, reopens the program that nets debts between the national government and provinces and sets a 60 working‑day sign‑up window starting the next administrative working day, with a one‑time extension.
  • Provinces and Buenos Aires City must file records and technical reports that prove each obligation, with prior review by the Economy Ministry’s legal service.
  • Each side must validate the debts or credits it proposes, and any conflicting reports trigger a negotiation phase that can run up to 180 working days.
  • Treasury attorneys and the national audit office step in only when the obligations listed are in court or under arbitration.
  • Final deals can cancel balances by withholding a slice of federal revenue sharing or by transferring national assets such as land, state‑owned firms, or roads to provinces.